Philippines: Cow Peas Market 2025

Cow Peas Market Size in the Philippines

In 2022, the Philippine cow peas market decreased by -25.4% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption saw a mild descent. Cow peas consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cow Peas Production in the Philippines

In value terms, cow peas production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 46%. Cow peas production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of cow peas (dry) in the Philippines rose slightly to X tons per ha in 2022, with an increase of 3.9% on the year before. Over the period under review, the yield, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. Over the period under review, the average cow peas yield reached the peak level at X tons per ha in 2014; however, from 2015 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 cow peas harvested area in the Philippines totaled X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area, however, continues to indicate a perceptible setback. Over the period under review, the harvested area dedicated to cow peas production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Cow Peas Exports

Exports from the Philippines

In 2022, approx. X kg of cow peas (dry) were exported from the Philippines; which is down by -97.4% on the previous year. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 313% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cow peas exports declined rapidly to $X in 2022. Over the period under review, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 340%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bahrain (X kg) and the Netherlands (X kg) were the main destinations of cow peas exports from the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +9.7%).

In value terms, Bahrain ($X) emerged as the key foreign market for cow peas (dry) exports from the Philippines, comprising 78% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain totaled +10.9%.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, reducing by -10.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 24%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into the Philippines

In 2022, the amount of cow peas (dry) imported into the Philippines shrank sharply to X tons, with a decrease of -41.1% against the year before. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 426%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cow peas imports declined rapidly to $X in 2022. Overall, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 375% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest cow peas supplier to the Philippines, accounting for a 86% share of total imports. Moreover, cow peas imports from the United States exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-21.8% per year) and India (+63.8% per year).

In value terms, the United States ($X) constituted the largest supplier of cow peas (dry) to the Philippines, comprising 86% of total imports. The second position in the ranking was held by Myanmar ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+5.9% per year) and India (+77.7% per year).

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, with an increase of 3.1% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 88%. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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