Sri Lanka: Cow Peas Market 2025

Cow Peas Market Size in Sri Lanka

In 2022, after four years of growth, there was significant decline in the Sri Lankan cow peas market, when its value decreased by -27.3% to $X. In general, consumption saw a pronounced slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cow Peas Production in Sri Lanka

In value terms, cow peas production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Cow peas production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of cow peas (dry) in Sri Lanka amounted to X tons per ha in 2022, approximately equating the previous year's figure. Over the period under review, the yield, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of 22% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the average cow peas yield remained at a lower figure. 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 Sri Lanka rose sharply to X ha in 2022, increasing by 5.2% on 2021. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. Over the period under review, the harvested area dedicated to cow peas production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cow Peas Exports

Exports from Sri Lanka

In 2022, the amount of cow peas (dry) exported from Sri Lanka shrank rapidly to X tons, waning by -33.4% against the previous year's figure. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 173% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cow peas exports soared to $X in 2022. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for cow peas exports from Sri Lanka, accounting for a 54% share of total exports. Moreover, cow peas exports to the UK exceeded the volume sent to the second major destination, Maldives (X tons), twofold. France (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+74.4% per year) and France (+47.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for cow peas (dry) exports from Sri Lanka, comprising 54% of total exports. The second position in the ranking was taken by France ($X), with a 25% share of total exports. It was followed by Maldives, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+52.0% per year) and Maldives (+76.9% per year).

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, surging by 147% against the previous year. Over the period under review, the export price showed temperate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the average price for exports to Cyprus ($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 France (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cow Peas Imports

Imports into Sri Lanka

In 2022, overseas purchases of cow peas (dry) decreased by -99.6% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2018 when imports increased by 789% against the previous year. Imports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, cow peas imports contracted remarkably to $X in 2022. Over the period under review, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 621%. Over the period under review, imports hit record highs at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of cow peas to Sri Lanka, accounting for a 59% share of total imports. Moreover, cow peas imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), twofold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (0.0% per year) and India (-30.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of cow peas (dry) to Sri Lanka, comprising 64% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 29% share of total imports. It was followed by India, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (0.0% per year) and India (-29.1% per year).

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, picking up by 223% against the previous year. Overall, the import price saw a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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