Bangladesh: Cow Peas Market 2025

Cow Peas Market Size in Bangladesh

The Bangladeshi cow peas market stood at $X in 2022, almost unchanged from the previous year. Overall, consumption, however, recorded a significant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cow Peas Production in Bangladesh

In value terms, cow peas production totaled $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Cow peas production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of cow peas (dry) in Bangladesh totaled less than X kg per ha in 2022, approximately mirroring the previous year's figure. Overall, the yield continues to indicate 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.

The cow peas harvested area in Bangladesh amounted to less than X ha in 2022, therefore, remained relatively stable against the previous year. In general, the harvested area saw a relatively flat trend pattern.

Cow Peas Exports

Exports from Bangladesh

In 2022, shipments abroad of cow peas (dry) decreased by -21.7% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2013 when exports increased by 286% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cow peas exports contracted dramatically to $X in 2022. Over the period under review, exports, however, recorded a measured expansion. The growth pace was the most rapid in 2013 with an increase of 240% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for cow peas exports from Bangladesh, accounting for a 45% share of total exports. Moreover, cow peas exports to Thailand exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. Singapore (X kg) ranked third in terms of total exports with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-22.2% per year) and Singapore (-25.2% per year).

In value terms, Thailand ($X) remains the key foreign market for cow peas (dry) exports from Bangladesh, comprising 68% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.3% share of total exports. It was followed by the UK, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.5% per year) and the UK (-13.6% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, approximately reflecting the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas export price increased by +74.2% against 2013 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+107.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Bangladesh

In 2022, overseas purchases of cow peas (dry) decreased by -2.4% to X tons, falling for the second consecutive year after nine years of growth. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 202% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cow peas imports amounted to $X in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 197%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of cow peas to Bangladesh, accounting for a 68% share of total imports. Moreover, cow peas imports from Singapore exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore amounted to +82.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+31.9% per year) and South Korea (+82.8% per year).

In value terms, Singapore ($X) constituted the largest supplier of cow peas (dry) to Bangladesh, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with a 7% share of total imports. It was followed by Thailand, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to +98.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+26.4% per year) and Thailand (+45.1% per year).

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, rising by 3.3% against the previous year. Over the period under review, the import price showed a buoyant expansion. The growth pace was the most rapid in 2021 when the average import price increased by 83% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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