Asia-Pacific: Dry Peas Market 2024

Dry Peas Market Size in Asia-Pacific

The Asia-Pacific dry peas market amounted to $X in 2023, increasing by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Dry Peas Production in Asia-Pacific

In value terms, dry peas production shrank significantly to $X in 2023 estimated in export price. In general, production showed a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

The countries with the highest volumes of production in 2023 were China (X tons), India (X tons) and Australia (X tons), together comprising X% of total production.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average dry peas yield stood at X tons per ha in 2023, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2021; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of peas (dry) in Asia-Pacific dropped modestly to X ha, waning by X% compared with the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to dry peas production reached the maximum at X ha in 2017; however, from 2018 to 2023, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in shipments abroad of peas (dry), when their volume decreased by X% to X tons. Overall, exports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then dropped dramatically in the following year.

In value terms, dry peas exports contracted significantly to $X in 2023. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then declined notably in the following year.

Exports by Country

Australia represented the major exporting country with an export of about X tons, which accounted for X% of total exports. India (X tons) took the second position in the ranking, distantly followed by New Zealand (X tons). All these countries together took approx. X% share of total exports. China (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. New Zealand experienced a relatively flat trend pattern. While the share of India (X p.p.) and New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and India ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the export price figures.

Dry Peas Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of peas (dry) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Total imports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, dry peas imports expanded slightly to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the major importer of peas (dry) in Asia-Pacific, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%). Afghanistan (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to dry peas imports into China stood at X%. At the same time, Afghanistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Pakistan experienced a relatively flat trend pattern. China (X p.p.), Bangladesh (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported peas (dry) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Pakistan ($X per ton) and Afghanistan ($X per ton), while Bangladesh ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform