India: Dry Peas Market 2024

Dry Peas Market Size in India

In 2023, the Indian dry peas market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, showed a deep contraction. Dry peas consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Dry Peas Production in India

In value terms, dry peas production declined to $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2023: its value 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. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

In 2023, the average dry peas yield in India rose to X tons per ha, growing by X% against 2022. Overall, the yield indicated a temperate increase from 2012 to 2023: its figure 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. Based on 2023 figures, dry peas yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. The dry peas yield peaked at X tons per ha in 2020; however, from 2021 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.

In 2023, the total area harvested in terms of peas (dry) production in India fell to X ha, reducing by X% on the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the harvested area increased by X% against the previous year. The dry peas harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Dry Peas Exports

Exports from India

After three years of growth, shipments abroad of peas (dry) decreased by X% to X tons in 2023. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, dry peas exports fell significantly to $X in 2023. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

The United Arab Emirates (X tons), China (X tons) and Bangladesh (X tons) were the main destinations of dry peas exports from India, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for peas (dry) exports from India, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average dry peas export price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bangladesh (X%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into India

Dry peas imports into India declined markedly to X kg in 2023, which is down by X% against the previous year's figure. In general, imports saw a sharp setback. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, dry peas imports shrank remarkably to $X in 2023. Overall, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United States (X kg) was the main dry peas supplier to India, with a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of peas (dry) to India.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

The average dry peas import price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Source: IndexBox Platform