Nepal: Cow Peas Market 2025

Cow Peas Market Size in Nepal

The Nepalese cow peas market surged to $X in 2022, with an increase of 31% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in Nepal

In value terms, cow peas production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Cow peas production peaked in 2022 and is likely to see steady growth in the near future.

The average yield of cow peas (dry) in Nepal was estimated at less than X kg per ha in 2022, standing approx. at 2021. 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 Nepal amounted to less than X ha in 2022, almost unchanged from the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

Cow Peas Exports

Exports from Nepal

In 2022, after three years of decline, there was significant growth in shipments abroad of cow peas (dry), when their volume increased by 68% to X tons. Overall, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 76%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cow peas exports surged to $X in 2022. In general, exports, however, saw a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cow peas exports from Nepal, accounting for a 57% share of total exports. Moreover, cow peas exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.7% per year) and India (-18.3% per year).

In value terms, the United States ($X) remains the key foreign market for cow peas (dry) exports from Nepal, comprising 73% of total exports. The second position in the ranking was taken by the UK ($X), with a 12% share of total exports. It was followed by Italy, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.8% per year) and Italy (+97.7% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, picking up by 13% against the previous year. In general, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2021 an increase of 58%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to India ($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 South Korea (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Nepal

Cow peas imports into Nepal soared to X tons in 2022, rising by 35% against 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 860%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cow peas imports surged to $X in 2022. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,316%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest cow peas supplier to Nepal, with a 62% share of total imports. Moreover, cow peas imports from Myanmar exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. Australia (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar amounted to +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.8% per year) and Australia (+11.9% per year).

In value terms, Myanmar ($X) constituted the largest supplier of cow peas (dry) to Nepal, comprising 62% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports. It was followed by Australia, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar stood at +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.5% per year) and Australia (+15.6% per year).

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, which is down by -3.3% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cow peas import price increased by +96.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 48%. The import price peaked at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and Argentina ($X per ton), while the price for Madagascar ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform