Thailand: Cow Peas Market Overview 2021

Cow Peas Market Size in Thailand

After three years of growth, the Thai cow peas market decreased by -X% to $X in 2020. Overall, consumption, however, recorded a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then dropped in the following year.

Cow Peas Production in Thailand

In value terms, cow peas production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Cow peas production peaked at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

The average yield of cow peas (dry) in Thailand stood at X kg per ha in 2020, stabilizing at the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of cow peas (dry) production in Thailand totaled X ha, flattening at 2019 figures. In general, the harvested area showed a relatively flat trend pattern.

Cow Peas Exports

Exports from Thailand

Cow peas exports from Thailand dropped significantly to X tonnes in 2020, which is down by -X% compared with the previous year's figure. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, cow peas exports reduced to $X in 2020. In general, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tonnes), Viet Nam (X tonnes) and the U.S. (X tonnes) were the main destinations of cow peas exports from Thailand, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Viet Nam, while exports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the U.S. ($X) and Viet Nam ($X) were the largest markets for cow peas exported from Thailand worldwide, together accounting for X% of total exports.

Among the main countries of destination, Viet Nam saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cow peas export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, export price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cow peas export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Thailand

In 2020, the amount of cow peas (dry) imported into Thailand reduced sharply to X tonnes, which is down by -X% against 2019 figures. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2019, and then dropped sharply in the following year.

In value terms, cow peas imports dropped notably to $X in 2020. Overall, imports enjoyed a slight increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Lao People's Democratic Republic (X tonnes), Myanmar (X tonnes) and Canada (X tonnes) were the main suppliers of cow peas imports to Thailand, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Myanmar, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas suppliers to Thailand were Lao People's Democratic Republic ($X), Myanmar ($X) and Canada ($X), together accounting for X% of total imports.

Myanmar recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average cow peas import price amounted to $X per tonne, which is down by -X% against the previous year. In general, import price indicated a measured expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cow peas import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the world?

+

The countries with the highest volumes of cow peas consumption in 2020 were Nigeria (3.6M tonnes), Niger (2.6M tonnes) and Burkina Faso (662K tonnes), with a combined 69% share of global consumption. Ethiopia, Kenya, Mali, Cameroon, Senegal, Ghana, the U.S. and Sudan lagged somewhat behind, together accounting for a further 19%.

What are the largest producers of cow peas (dry) in the world?

+

The countries with the highest volumes of cow peas production in 2020 were Nigeria (3.6M tonnes), Niger (2.6M tonnes) and Burkina Faso (664K tonnes), together comprising 69% of global production. These countries were followed by Ethiopia, Kenya, Mali, the U.S., Cameroon, Canada, Senegal, Ghana, Sudan and Uganda, which together accounted for a further 23%.

What are the leading suppliers of cow peas (dry) to Thailand?

+

In value terms, Lao People's Democratic Republic ($397K), Myanmar ($199K) and Canada ($160K) were the largest cow peas suppliers to Thailand, together comprising 84% of total imports.

What are the leading importers of cow peas (dry) from Thailand?

+

In value terms, the largest markets for cow peas exported from Thailand were Taiwan (Chinese) ($935K), the U.S. ($838K) and Viet Nam ($750K), with a combined 54% share of total exports.

What is the average export price for cow peas (dry) in Thailand?

+

The average cow peas export price stood at $1,273 per tonne in 2020, with an increase of 10% against the previous year.

What is the average import price for cow peas (dry) in Thailand?

+

In 2020, the average cow peas import price amounted to $709 per tonne, waning by -6.4% against the previous year.

Recommended reports

World - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

702

This report provides an in-depth analysis of the global cow peas market.

EU - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

153

This report provides an in-depth analysis of the cow peas market in the EU.

Asia - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

187

This report provides an in-depth analysis of the cow peas market in Asia.

U.S. - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

275

This report provides an in-depth analysis of the cow peas market in the U.S..

China - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

$499

Nov 16, 2021

196

This report provides an in-depth analysis of the cow peas market in China.