Dried shelled cow peas market in ASEAN

Earlier Report Observations

From 2018 to 2021, the ASEAN market for dried shelled cow peas remained relatively stable in physical terms, with volumes hovering around 110 thousand tons annually. However, a sharp contraction occurred in 2022 when the market size fell to 87.1 thousand tons, followed by a further decline to 69.8 thousand tons in 2023. In value terms, the market exhibited greater volatility, peaking at $111.0 million in 2021 before dropping to $66.2 million in 2022 and $62.4 million in 2023.

By 2024, global market dynamics were shaping the industry. Innovation in value-added products like ready-to-eat meals and snacks, along with marketing campaigns highlighting the crop's nutritional benefits, raised consumer awareness. Broader drivers such as population growth, protein demand, the crop's climate resilience, and the shift toward plant-based proteins continued to influence demand patterns in the ASEAN region.

Production dried shelled cow peas in ASEAN

In kind, 2017-2020, K t

Top producers of dried shelled cow peas, 2017-2020

World map of production of dried shelled cow peas, 2017-2020

After a two-year decline, dried shelled cow peas production in ASEAN increased. In 2020, ASEAN produced 109.1 K t of dried shelled cow peas, remaining virtually unchanged from the previous year. Between 2017 and 2020, production decreased by 6.7%, which translates to an annualized rate of 2.3%. The lowest production level was recorded in 2019 at 108.5 K t, while the largest decline occurred in 2018 with a drop of 5.7%.

Annual dynamics of production in ASEAN in kind, 2017-2020, K t

In value, 2017-2020, K $ US

In 2020, the output of dried shelled cow peas in ASEAN was valued at 96 405 K $ US, representing a 30.2% increase compared to the previous year. Between 2017 and 2020, production value rose by 21.1%, equating to an annualized growth rate of 6.6%. The lowest value was recorded in 2019 at 74 054 K $ US, which also saw the largest decline of 20.1%.

Annual dynamics of production in ASEAN in value, 2017-2020, K $ US

Exports dried shelled cow peas from ASEAN

Exports in kind, t

Dried shelled cow peas deliveries from ASEAN declined for the third consecutive year. In 2020, ASEAN exported 341 t of dried shelled cow peas, marking a sharp reduction of 65.6% compared to the previous year. Between 2017 and 2020, exports decreased by 83.2%, which corresponds to an annualized rate of 44.8%.

Annual dynamics of product's exports from ASEAN in kind, 2017-2020, t

From 2017 to 2020, India (accounting for 20.0% of exports in kind), the United Arab Emirates (16.9%), and China (11.3%) formed the largest group of buyers for dried shelled cow peas from ASEAN. However, their combined contribution was limited to 48.2% of total exports in kind, reflecting a diversified country structure.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from ASEAN in kind, 2017-2020

Exports in value, K $ US

ASEAN's volume of dried shelled cow peas exports declined for the third consecutive year. In 2020, exports totaled 301 K $ US, which is 55.5% lower year-over-year. Over the period from 2017 to 2020, exports decreased by 78.2%, with a compound annual growth rate (CAGR) of -39.8%.

Annual dynamics of product's exports from ASEAN in value, 2017-2020, K $ US

From 2017 to 2020, exports in value terms were distributed across a wide set of partner countries. India (18.0% of exports in value terms), the United Arab Emirates (13.5%), and China (12.3%) jointly accounted for just 43.9% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from ASEAN in value, 2017-2020

Imports dried shelled cow peas to ASEAN

Imports in kind, t

Imported dried shelled cow peas volumes in ASEAN declined for the second consecutive year. In 2020, imports amounted to 1 567 t, which is 27.1% lower compared to 2019. The highest import level was recorded in 2018 at 2 276 t, which also saw the largest increase of 47.5%.

Annual dynamics of product's imports to ASEAN in kind, 2017-2020, t

During 2017 to 2020, imports in kind of dried shelled cow peas to ASEAN were spread relatively evenly. China (8.2% of imports in kind), Brazil (5.2%), and Madagascar (4.6%) jointly accounted for only 18.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to ASEAN in kind, 2017-2020

Imports in value, K $ US

After a two-year increase, dried shelled cow peas shipments to ASEAN from abroad declined. In 2020, imports stood at 2 030 K $ US, marking a decrease of 21.9% from a year earlier. Over the period from 2017 to 2020, imports increased by 16.6%, with a compound annual growth rate (CAGR) of 5.3%. The highest value was recorded in 2019 at 2 600 K $ US, while the largest increase occurred in 2018 with a rise of 43.1%.

Annual dynamics of product's imports to ASEAN in value, 2017-2020, K $ US

From 2017 to 2020, imports in value terms of dried shelled cow peas to ASEAN were widely dispersed across partner countries. China (8.5% of imports in value terms), Brazil (4.9%), and Peru (4.4%) together represented only 17.7% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to ASEAN in value, 2017-2020