Thailand - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jul 14, 2024

Thailand - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Shelled Bean Price in Thailand - 2024

Contents:

  1. Shelled Bean Price in Thailand (FOB) - 2024
  2. Shelled Bean Price in Thailand (CIF) - 2022
  3. Shelled Bean Exports in Thailand
  4. Shelled Bean Imports in Thailand

Shelled Bean Price in Thailand (FOB) - 2024

The average shelled bean export price stood at $1,480 per ton in March 2024, surging by 91% against the previous month. In general, the export price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in May 2023 an increase of 182% against the previous month. Over the period under review, the average export prices reached the maximum at $2,358 per ton in November 2023; however, from December 2023 to March 2024, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Lao People's Democratic Republic ($7,970 per ton), while the average price for exports to Vietnam ($1,139 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Bean Price in Thailand (CIF) - 2022

In 2022, the average shelled bean import price amounted to $614 per ton, waning by -3.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 101%. As a result, import price attained the peak level of $1,189 per ton. From 2020 to 2022, the average 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 the United States ($1,963 per ton), while the price for Mexico ($343 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+1.6%), while the prices for the other major suppliers experienced a decline.

Shelled Bean Exports in Thailand

In 2022, approx. 6.9K tons of shelled beans (dry) were exported from Thailand; jumping by 83% on the year before. Over the period under review, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, shelled bean exports declined to $4.2M in 2022. In general, exports, however, saw a deep slump. The smallest decline of -2.4% was in 2021.

Export of Shelled Bean in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lao People's Democratic Republic57.338.84161,378188.6%
Singapore607529676591-0.9%
United States5638331,1945710.5%
Taiwan (Chinese)738927692547-9.5%
South Korea44.230318117859.1%
Japan421218363171-25.9%
IndonesiaN/A28.477.5130114.0%
Vietnam13275010.262.0-22.3%
China1,724148314N/A-57.3%
Others720827569591-6.4%
Total5,0074,6024,4924,218-5.6%

Top Export Markets for Shelled Bean from Thailand in 2022:

  1. Lao People's Democratic Republic (2364.0 tons)
  2. Taiwan (Chinese) (470.3 tons)
  3. Singapore (411.0 tons)
  4. United States (287.5 tons)
  5. South Korea (126.3 tons)
  6. Japan (124.5 tons)
  7. Indonesia (110.8 tons)
  8. Vietnam (41.6 tons)

Shelled Bean Imports in Thailand

In 2022, approx. 2.7K tons of shelled beans (dry) were imported into Thailand; growing by 6.4% compared with 2021. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 101%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, shelled bean imports expanded modestly to $1.7M in 2022. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year.

Import of Shelled Bean in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Lao People's Democratic Republic1,4323917481,078-9.0%
Myanmar42.820034229991.2%
United States11388.180.216914.4%
MexicoN/AN/A25.441.262.2%
Canada352162146N/A-35.6%
Others10053.627271.0-10.8%
Total2,0398951,6151,659-6.6%

Top Suppliers of Shelled Bean to Thailand in 2022:

  1. Lao People's Democratic Republic (2041.8 tons)
  2. Myanmar (415.4 tons)
  3. Mexico (120.0 tons)
  4. United States (86.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the shelled bean market in Thailand. 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:

  • Thailand

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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