South-Eastern Asia: Cow Peas Market 2024

Cow Peas Market Size in South-Eastern Asia

The Southeast Asian cow peas market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption showed a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cow Peas Production in South-Eastern Asia

In value terms, cow peas production stood at $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Myanmar (X tons) constituted the country with the largest volume of cow peas production, comprising approx. X% of total volume. Moreover, cow peas production in Myanmar exceeded the figures recorded by the second-largest producer, Thailand (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Myanmar stood at X%.

In 2022, the average cow peas yield in South-Eastern Asia expanded modestly to X tons per ha, picking up by X% compared with 2021 figures. In general, the yield, however, recorded a perceptible contraction. Over the period under review, the cow peas yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cow peas (dry) were harvested in South-Eastern Asia; waning by X% compared with 2021 figures. Over the period under review, the harvested area continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Cow Peas Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of cow peas (dry) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cow peas exports surged to $X in 2022. Overall, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar represented the largest exporter of cow peas (dry) in South-Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), making up a X% share of total exports. The following exporters - Lao People's Democratic Republic (X tons) and Malaysia (X tons) - together made up X% of total exports.

Myanmar was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. Myanmar (X p.p.) significantly strengthened its position in terms of the total exports, while Lao People's Democratic Republic, Malaysia and Thailand saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Myanmar ($X) remains the largest cow peas supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Myanmar, cow peas exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Cow Peas Imports

Imports in South-Eastern Asia

Cow peas imports fell to X tons in 2022, with a decrease of X% on 2021 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cow peas imports fell modestly to $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2022. Singapore (X tons) ranks next in terms of the total imports with a X% share, followed by the Philippines (X%) and Lao People's Democratic Republic (X%). Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cow peas importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Thailand ($X), with a combined X% share of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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