Dried shelled cow peas market in South-eastern Asia

Earlier Report Observations

From 2018 to 2021, production of dried shelled cow peas in Southeast Asia showed minor fluctuations, ending at 107.1 thousand tons in 2021. This period was influenced by chronic underinvestment in the agricultural sector, which limited output growth. The COVID-19 pandemic in 2020 disrupted food service and agricultural logistics, though production saw a slight recovery. Supply chain disruptions and global trade tensions in 2021 further pressured the market, contributing to a dip in production that year.

The market volume entered a phase of sharp contraction after 2021, falling from 108.7 thousand tons to 69.8 thousand tons in 2023. This decline was driven by a massive surge in exports, which jumped from 0.8 thousand tons to 52.3 thousand tons over the same period, redirecting supply abroad amid global trade realignments. Domestically, rising inflation in 2023 reduced consumer purchasing power, further curtailing local consumption and amplifying the drop in market volume.

By 2024, exports had climbed to 65.6 thousand tons while imports decreased, reflecting a market increasingly oriented toward international trade. The agricultural sector faced growing pressures from climate change and land-use shifts, posing risks to production stability. Monetary policy easing in several Southeast Asian countries provided some support for domestic demand, but geopolitical factors and trade volatility continued to shape external market flows.

Production dried shelled cow peas in South-eastern Asia

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, South-eastern Asia's production of dried shelled cow peas increased. In 2020, the region produced 109.1 K t, showing no significant change from 2019. Over the period from 2017 to 2020, production decreased by 6.7%, with a compound annual growth 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 5.7% drop.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

Exports dried shelled cow peas from South-eastern Asia

Exports in kind, t

Dried shelled cow peas exports from South-eastern Asia declined for the third consecutive year. In 2020, exports stood at 341 t, marking a sharp decrease of 63.5% compared to the previous year. From 2017 to 2020, exports fell by 81.4%, with a compound annual growth rate of 42.9%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

Between 2017 and 2020, exports of dried shelled cow peas from South-eastern Asia were not heavily concentrated. India accounted for 20.1% of exports in kind, Switzerland for 13.5%, and the United Arab Emirates for 13.3%, with these three countries together capturing only 46.9% of total flows.

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

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

Exports of dried shelled cow peas from South-eastern Asia declined for the third year in a row. In 2020, the region exported 301 K $ US worth of dried shelled cow peas, representing a fall of 55.5% compared to 2019. Between 2017 and 2020, exports decreased by 78.2%, equating to an annualized rate of 39.8%.

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

From 2017 to 2020, Switzerland, the Netherlands, and Hong Kong played notable but not dominant roles as buyers of dried shelled cow peas from South-eastern Asia. Switzerland accounted for 18.8% of exports in value terms, the Netherlands for 14.5%, and Hong Kong for 14.1%, with their combined share reaching only 47.4% of total exports in value terms.

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

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports dried shelled cow peas to South-eastern Asia

Imports in kind, t

The market for dried shelled cow peas imports into South-eastern Asia showed volatility during these years. Imports bottomed in 2017 and peaked in 2020, with a 3.2-fold difference between these years. In 2020, South-eastern Asia imported 1 000 t of dried shelled cow peas, up by 172.8% year-on-year. The largest decline was recorded in 2019 at 6.6%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

Throughout 2017 to 2020, imports in kind of dried shelled cow peas to South-eastern Asia were not concentrated on a few key markets. China accounted for 12.1% of imports in kind, Brazil for 7.1%, and Madagascar for 5.4%, with these three countries jointly accounting for only 24.6% of total flows.

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

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

After a two-year increase, South-eastern Asia's imports of dried shelled cow peas declined. In 2020, imports amounted to 2 030 K $ US, indicating a decrease of 21.9% compared to 2019. Between 2017 and 2020, imports increased by 16.6%, equating to an annualized rate of 5.3%. The highest value was recorded in 2019 at 2 600 K $ US, while the largest increase occurred in 2018 with a 43.1% rise.

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

The partner structure of imports in value terms from 2017 to 2020 remained fragmented. China accounted for 15.3% of imports in value terms, Brazil for 8.2%, and Madagascar for 5.5%, with these three countries together accounting for only 28.9% of total flows and no single country exceeding a dominant share.

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

World map of product's imports to South-eastern Asia in value, 2017-2020