Report Update Nov 1, 2024

Singapore - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Cow Peas Market 2024

Cow Peas Market Size in Singapore

In 2022, the Singaporean cow peas market decreased by -17.2% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a pronounced descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cow Peas Exports

Exports from Singapore

In 2022, shipments abroad of cow peas (dry) decreased by -31.3% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 211%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cow peas exports shrank significantly to $X in 2022. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 292%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for cow peas exports from Singapore, with a 61% share of total exports. Moreover, cow peas exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. The third position in this ranking was taken by the Philippines (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-17.2% per year) and the Philippines (+17.3% per year).

In value terms, Indonesia ($X) remains the key foreign market for cow peas (dry) exports from Singapore, comprising 56% of total exports. The second position in the ranking was held by Malaysia ($X), with a 24% share of total exports. It was followed by the Philippines, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-3.7% per year) and the Philippines (+15.8% per year).

Export Prices by Country

The average cow peas export price stood at $X per ton in 2022, rising by 21% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 46% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($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 (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into Singapore

In 2022, overseas purchases of cow peas (dry) decreased by -21.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cow peas imports contracted remarkably to $X in 2022. In general, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Myanmar (X tons), China (X tons) and India (X tons) were the main suppliers of cow peas imports to Singapore, together accounting for 88% of total imports. Australia, Thailand, Argentina and Malaysia lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +106.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cow peas suppliers to Singapore were China ($X), Myanmar ($X) and India ($X), together accounting for 83% of total imports. Australia, Malaysia, Thailand and Argentina lagged somewhat behind, together accounting for a further 8.9%.

Australia, with a CAGR of +111.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cow peas import price stood at $X per ton in 2022, with an increase of 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cow peas (dry) in the world?

The countries with the highest volumes of cow peas consumption in 2021 were Nigeria, Niger and Burkina Faso, with a combined 74% share of global consumption. Kenya, Mali, Ghana, Senegal, Cameroon, Sudan and the United States lagged somewhat behind, together accounting for a further 15%.

What are the largest producers of cow peas (dry) in the world?

The countries with the highest volumes of cow peas production in 2021 were Nigeria, Niger and Burkina Faso, with a combined 74% share of global production. These countries were followed by Kenya, the United States, Mali, Ghana, Canada, Senegal, Cameroon and Sudan, which together accounted for a further 17%.

What are the leading suppliers of cow peas (dry) to Singapore?

In value terms, the largest cow peas suppliers to Singapore were Myanmar, China and Thailand, with a combined 78% share of total imports. Australia, Brazil, Malaysia and India lagged somewhat behind, together accounting for a further 17%.

What are the leading importers of cow peas (dry) from Singapore?

In value terms, the largest markets for cow peas exported from Singapore were the UK, Indonesia and Thailand, together comprising 72% of total exports.

What is the average export price for cow peas (dry) in Singapore?

The average cow peas export price stood at $1,034 per ton in 2021, shrinking by -31.6% against the previous year.

What is the average import price for cow peas (dry) in Singapore?

The average cow peas import price stood at $1,224 per ton in 2021, falling by -4.3% against the previous year.

This report provides an in-depth analysis of the cow peas market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 195 - Cow peas, dry

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023