Report Update Nov 1, 2024

Vietnam - Cow Peas - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Cow Peas Market 2024

Cow Peas Market Size in Vietnam

The Vietnamese cow peas market soared to $X in 2021, with an increase of 222% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Cow Peas Exports

Exports from Vietnam

In 2021, overseas shipments of cow peas (dry) decreased by -56.7% to X tons, falling for the second year in a row after eight years of growth. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 2,473%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, cow peas exports shrank notably to $X in 2021. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 1,123%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), China (X tons) and Norway (X tons) were the main destinations of cow peas exports from Vietnam, together comprising 71% of total exports.

From 2012 to 2021, the biggest increases were in Norway (with a CAGR of +110.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Japan ($X) and China ($X) were the largest markets for cow peas exported from Vietnam worldwide, with a combined 66% share of total exports. Norway, Germany, Sri Lanka, Malaysia and Thailand lagged somewhat behind, together comprising a further 28%.

Norway, with a CAGR of +80.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cow peas export price stood at $X per ton in 2021, picking up by 73% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2020 when the average export price increased by 86% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+26.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cow Peas Imports

Imports into Vietnam

In 2021, approx. X tons of cow peas (dry) were imported into Vietnam; with an increase of 294% against the previous year. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cow peas imports surged to $X in 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 124% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Madagascar (X tons) constituted the largest cow peas supplier to Vietnam, accounting for a 70% share of total imports. Moreover, cow peas imports from Madagascar exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was held by India (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Madagascar totaled +65.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.9% per year) and India (+28.0% per year).

In value terms, Madagascar ($X) constituted the largest supplier of cow peas to Vietnam, comprising 43% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 19% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Madagascar totaled +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+51.7% per year) and China (+38.5% per year).

Import Prices by Country

In 2021, the average cow peas import price amounted to $X per ton, shrinking by -54.4% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably country of origin: the country with the highest price was Myanmar ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced a decline.

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 2020 were Nigeria, Niger and Burkina Faso, with a combined 77% share of global consumption. Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania lagged somewhat behind, together comprising 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 2020 were Nigeria, Niger and Burkina Faso, together accounting for 78% of global production. Kenya, Ghana, Senegal, Mali, Cameroon, Sudan and Tanzania lagged somewhat behind, together accounting for a further 15%.

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

In value terms, the largest cow peas suppliers to Vietnam were Myanmar and China.

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

In value terms, Switzerland remains the key foreign market for cow peas exports from Vietnam, comprising 70% of total exports. The second position in the ranking was occupied by the Philippines, with a 9.3% share of total exports. It was followed by Sri Lanka, with a 8.3% share.

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

The average cow peas export price stood at $1,165 per ton in 2020, with an increase of 80% against the previous year.

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

The average cow peas import price stood at $1,144 per ton in 2020, increasing by 9.7% against the previous year.

This report provides an in-depth analysis of the cow peas market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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