Australia and Oceania: Cow Peas Market 2025

Cow Peas Market Size in Australia and Oceania

The cow peas market in Australia and Oceania expanded to $X in 2022, surging by 2.8% against the previous year. In general, consumption, however, saw a tangible expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Australia and Oceania

In value terms, cow peas production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2013 when the production volume decreased by -43.2% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of cow peas production was Fiji (X tons), comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Fiji was relatively modest.

Cow Peas Exports

Exports in Australia and Oceania

In 2022, shipments abroad of cow peas (dry) decreased by -29.8% to X tons, falling for the third consecutive year after two years of growth. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 215% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports stood at $X in 2022. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 264% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Fiji (X tons) represented the major exporter of cow peas (dry), generating 72% of total exports. Australia (X tons) ranks second in terms of the total exports with a 23% share, followed by New Zealand (4.9%).

Fiji experienced a relatively flat trend pattern with regard to volume of exports of cow peas (dry). New Zealand (-1.2%) and Australia (-28.5%) illustrated a downward trend over the same period. Fiji (+72 p.p.) and New Zealand (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -76.4% from 2012 to 2022, respectively.

In value terms, Fiji ($X) emerged as the largest cow peas supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was taken by Australia ($X), with a 15% share of total exports.

In Fiji, cow peas exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-21.0% per year) and New Zealand (+17.4% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 54% against the previous year. Overall, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+18.8%).

Cow Peas Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of cow peas (dry) decreased by -15.9% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 266%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports amounted to $X in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 178%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was approx. 92% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons), generating a 6.1% share of total imports.

Imports into Australia increased at an average annual rate of +31.0% from 2012 to 2022. At the same time, Papua New Guinea (+44.2%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +44.2% from 2012-2022. While the share of Australia (+52 p.p.) and Papua New Guinea (+5.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cow peas (dry) in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a 7.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +27.1%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+16.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :