Thailand: Cow Peas Market Overview 2021

Cow Peas Market Size in Thailand

The Thai cow peas market skyrocketed to $X in 2019, rising by X% against the previous year. Over the period under review, consumption saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Cow Peas Production in Thailand

In value terms, cow peas production contracted modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2015 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average yield of cow peas (dry) in Thailand amounted to X kg per ha, remaining constant against the previous year's figure. 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 2019, the total area harvested in terms of cow peas (dry) production in Thailand stood at X ha, stabilizing at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Cow Peas Exports

Exports from Thailand

Cow peas exports from Thailand shrank slightly to X tonnes in 2019, dropping by -X% compared with 2018 figures. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, cow peas exports contracted to $X in 2019. Over the period under review, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

China (X tonnes) was the main destination for cow peas exports from Thailand, accounting for a X% share of total exports. Moreover, cow peas exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tonnes), twofold. Singapore (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-X% per year) and Singapore (-X% per year).

In value terms, China ($X) emerged as the key foreign market for cow peas exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2019, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-X% per year) and Singapore (-X% per year).

Export Prices by Country

In 2019, the average cow peas export price amounted to $X per tonne, which is down by -X% against the previous year. In general, export price indicated a measured expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cow peas export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average 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. ($X per tonne), while the average price for exports to Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Thailand

In 2019, overseas purchases of cow peas (dry) increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, imports posted a mild expansion. Imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, cow peas imports soared to $X in 2019. In general, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2015 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Lao People's Democratic Republic (X tonnes) constituted the largest cow peas supplier to Thailand, with a X% share of total imports. Moreover, cow peas imports from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, Madagascar (X tonnes), fivefold. Canada (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Lao People's Democratic Republic totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Canada (+X% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of cow peas to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Lao People's Democratic Republic amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Myanmar (-X% per year).

Import Prices by Country

The average cow peas import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Canada ($X per tonne), while the price for Madagascar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of cow peas consumption in 2019 were Nigeria (3.6M tonnes), Niger (2.4M tonnes) and Burkina Faso (651K tonnes), with a combined 71% share of global consumption. These countries were followed by Ethiopia, Kenya, Mali, Cameroon, Ghana, Senegal and Sudan, which together accounted for a further 17%.

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

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The countries with the highest volumes of cow peas production in 2019 were Nigeria (3.6M tonnes), Niger (2.4M tonnes) and Burkina Faso (652K tonnes), together accounting for 69% of global production. These countries were followed by Ethiopia, Kenya, the U.S., Mali, Cameroon, Ghana, Senegal, Uganda, Canada and Sudan, which together accounted for a further 23%.

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

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In value terms, Lao People's Democratic Republic ($682K) constituted the largest supplier of cow peas to Thailand, comprising 62% of total imports. The second position in the ranking was occupied by Canada ($168K), with a 15% share of total imports. It was followed by Myanmar, with a 6.5% share.

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

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In value terms, China ($1.5M) emerged as the key foreign market for cow peas exports from Thailand, comprising 31% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($661K), with a 13% share of total exports. It was followed by Singapore, with a 11% share.

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

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In 2019, the average cow peas export price amounted to $1,145 per tonne, shrinking by -4.6% against the previous year.

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

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In 2019, the average cow peas import price amounted to $538 per tonne, falling by -28.5% against the previous year.