Southern Asia: Green Peas Market 2024

Green Peas Market Size in Southern Asia

The South Asian green peas market fell slightly to $X in 2023, shrinking by X% against the previous year. The total consumption indicated buoyant growth 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 increased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Green Peas Production in Southern Asia

In value terms, green peas production shrank to $X in 2023 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of green peas production was India (X tons), comprising approx. X% of total volume. Moreover, green peas production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), more than tenfold.

In India, green peas production increased at an average annual rate of X% over the period from 2012-2023.

The average green peas yield declined slightly to X tons per ha in 2023, stabilizing at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015 when the yield increased by X%. Over the period under review, the green peas yield attained the peak level at X tons per ha in 2022, and then contracted in the following year. 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 (green) production in Southern Asia dropped to X ha, with a decrease of X% compared with the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2022, and then dropped modestly in the following year.

Green Peas Exports

Exports in Southern Asia

In 2023, shipments abroad of peas (green) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, green peas exports soared to $X in 2023. In general, exports saw a slight increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India was the key exporter of peas (green) in Southern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Pakistan (X tons), committing a X% share of total exports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to green peas exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Bhutan (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest green peas supplying countries in Southern Asia were India ($X), Pakistan ($X) and Bhutan ($X), with a combined X% share of total exports.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2021; however, from 2022 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 Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports in Southern Asia

Green peas imports declined markedly to X tons in 2023, shrinking by X% on 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, green peas imports contracted markedly to $X in 2023. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Bangladesh (X tons) and Pakistan (X tons) represented the key importers of peas (green) in Southern Asia, together amounting to approx. X% of total imports. It was distantly followed by Afghanistan (X tons), mixing up a X% share of total imports. The following importers - Bhutan (X tons), Nepal (X tons) and Sri Lanka (X tons) - each reached a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price, however, recorded a moderate expansion. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform