China: Cow Peas Market 2024

Cow Peas Market Size in China

The Chinese cow peas market declined remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Cow Peas Production in China

In value terms, cow peas production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

The average yield of cow peas (dry) in China declined slightly to X tons per ha in 2022, leveling off at 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average cow peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cow peas (dry) production in China amounted to X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the cow peas harvested area remained at a somewhat lower figure.

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Cow Peas Exports

Exports from China

In 2022, shipments abroad of cow peas (dry) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cow peas exports surged to $X in 2022. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Spain (X tons) and Japan (X tons) were the main destinations of cow peas exports from China, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Japan ($X) constituted the largest markets for cow peas exported from China worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cow peas export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price posted strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Poland ($X per ton), while the average price for exports to Germany ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cow Peas Imports

Imports into China

In 2022, cow peas imports into China contracted notably to X tons, waning by X% on the year before. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, cow peas imports dropped remarkably to $X in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

Myanmar (X tons), India (X tons) and Poland (X tons) were the main suppliers of cow peas imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), India ($X) and Poland ($X) appeared to be the largest cow peas suppliers to China, with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cow peas import price amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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