World - Peas (Green) - Market Analysis, Forecast, Size, Trends and Insights
The U.S. Remains the Largest Global Green Pea Exporter despite 7% Drop
The U.S., in spite of some rather pedestrian 2014 export numbers, continued to lead the way in the global green pea trade. In 2014, the U.S. exported 13 thousand tonnes of peas totaling 57 million USD, 7% under the previous year. Its primary trading partner was Canada, where it supplied 83% of its total green pea exports in value terms, accounting for 85% of Canada's total imports.
Overall, the global green pea trade reached 360 million USD, with a CAGR of 11% from 2007 to 2014. In physical terms, it showed steady growth, rising from 151 thousand tonnes in 2007 to 280 thousand tonnes in 2014.
In 2014, the U.S. (14%), Belgium (13%), the Netherlands (13%), Canada (12%) and the United Kingdom (12%) were the leading destinations of green pea imports, together making up 65% of global imports. The share of Belgium increased (+4 percentage points), while the share of the U.S. illustrated negative dynamics (-1 percentage point).
The Netherlands and Guatemala were among the other main global suppliers of green peas in 2014 with a combined share of 30% of global exports. However, the fastest growing exporters from 2007 to 2014 were Canada (+43% per year) and the U.S. (+17% per year). The U.S. strengthened its position in the global export structure, from 11% in 2007 to 16% in 2014.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global green peas market. 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 2025.
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