Australia: Green Peas Market 2024

Green Peas Market Size in Australia

The Australian green peas market contracted modestly to $X in 2023, declining by X% against the previous year. In general, consumption, however, continues to indicate a deep setback. Green peas consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Green Peas Production in Australia

In value terms, green peas production shrank to $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Green peas production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

In 2023, the average yield of peas (green) in Australia stood at X tons per ha, picking up by X% on 2022. Overall, the yield, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the average green peas yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area in Australia rose modestly to X ha in 2023, picking up by X% compared with the previous year's figure. Over the period under review, the harvested area, however, recorded a slight descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2023, the growth of the green peas harvested area remained at a lower figure.

Green Peas Exports

Exports from Australia

In 2023, approx. X tons of peas (green) were exported from Australia; waning by X% on the previous year. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, green peas exports dropped rapidly to $X in 2023. Over the period under review, exports showed a sharp decrease. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for green peas exports from Australia, with a X% share of total exports. Moreover, green peas exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X kg), threefold. Papua New Guinea (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Papua New Guinea (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for peas (green) exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the average green peas export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Australia

For the third year in a row, Australia recorded decline in overseas purchases of peas (green), which decreased by X% to X tons in 2023. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, green peas imports declined rapidly to $X in 2023. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of green peas to Australia, with a X% share of total imports. Moreover, green peas imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of peas (green) to Australia, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average green peas import price amounted to $X per ton, dropping by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform