Asia-Pacific: Cow Peas Market 2025

Cow Peas Market Size in Asia-Pacific

The Asia-Pacific cow peas market soared to $X in 2022, with an increase of 15% against the previous year. Overall, consumption, however, showed a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cow Peas Production in Asia-Pacific

In value terms, cow peas production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Myanmar (X tons) constituted the country with the largest volume of cow peas production, comprising approx. 71% of total volume. Moreover, cow peas production in Myanmar exceeded the figures recorded by the second-largest producer, China (X tons), eightfold. The third position in this ranking was taken by Sri Lanka (X tons), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Myanmar stood at -3.4%. In the other countries, the average annual rates were as follows: China (+1.1% per year) and Sri Lanka (-1.5% per year).

In 2022, the average cow peas yield in Asia-Pacific amounted to X tons per ha, rising by 3.6% on the previous year. Over the period under review, the yield, however, saw a mild curtailment. Over the period under review, the cow peas yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cow peas (dry) in Asia-Pacific totaled X ha, remaining constant against the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 2.4% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cow Peas Exports

Exports in Asia-Pacific

In 2022, exports of cow peas (dry) in Asia-Pacific surged to X tons, rising by 38% on the previous year. In general, exports saw a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 92% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Myanmar was the largest exporting country with an export of around X tons, which resulted at 62% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 13% share, followed by Afghanistan (8%) and India (8%). The following exporters - Lao People's Democratic Republic (X tons), China (X tons) and Vietnam (X tons) - together made up 7.4% of total exports.

Myanmar was also the fastest-growing in terms of the cow peas (dry) exports, with a CAGR of +113.5% from 2012 to 2022. At the same time, India (+17.6%), Vietnam (+8.2%) and Lao People's Democratic Republic (+3.9%) displayed positive paces of growth. By contrast, Thailand (-6.9%), Afghanistan (-11.8%) and China (-13.0%) illustrated a downward trend over the same period. While the share of Myanmar (+62 p.p.) and India (+6.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-10 p.p.), Thailand (-16.8 p.p.) and Afghanistan (-23.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest cow peas supplier in Asia-Pacific, comprising 49% of total exports. The second position in the ranking was held by Thailand ($X), with a 14% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Myanmar stood at +102.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-7.0% per year) and India (+23.0% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of -11.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 42%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the other leaders experienced more modest paces of growth.

Cow Peas Imports

Imports in Asia-Pacific

In 2022, approx. X tons of cow peas (dry) were imported in Asia-Pacific; surging by 32% on the previous year. Over the period under review, imports, however, continue to indicate a noticeable curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cow peas imports soared to $X in 2022. In general, imports, however, showed a noticeable shrinkage. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cow peas imports in 2022 were Japan (X tons), Pakistan (X tons), Afghanistan (X tons), China (X tons), India (X tons) and Vietnam (X tons), together recording 88% of total import. Taiwan (Chinese) (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +155.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas importing markets in Asia-Pacific were Afghanistan ($X), Japan ($X) and India ($X), together accounting for 53% of total imports. China, Pakistan, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 33%.

China, with a CAGR of +139.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -9.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :