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China - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jun 28, 2021

Strong Demand for Livestock Feed Propels the Chinese Dry Peas Market

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IndexBox has just published a new report: 'China - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The Chinese dry peas market is becoming an attractive export destination for overseas suppliers. In 2020, China increased the volume of imports of dry peas by 45%, as the country is actively recovering its livestock reserves after an outbreak of swine fever and is in dire need of crops for animal feed. Against the background of rising grain prices, peas are becoming a more affordable alternative component in animal feed.

Key Trends and Insights

China remains the largest consumer of dry peas in the world with a 35.9% (IndexBox estimates) share of the global market. In 2020, the country’s consumption of dry peas jumped up by 20% due to increased use in animal feed. China continues to actively restore its livestock population after the swine fever epidemic, with the need for feed increasing significantly. Dry peas have become an excellent alternative replacement with the scarcity of corn and other more expensive grains such as soybeans and barley.

China is the second-largest pea-producing country. In 2020, the harvest in the domestic market exceeded the indicators of the previous year by 2.5% and reached 3M tonnes. Despite this, the country’s production cannot fully meet the growing domestic demand, and China remains the world's leading importer of dry peas. In 2020, the country increased the volume of imports by 45% to 2.9M tonnes. About 94% of imported dry peas are sourced from Canada, and almost all of the remainder comes from the U.S. (4.3%).

In 2021-2022, Ukraine and Russia could challenge those leading suppliers in the Chinese import market, as pea yields are growing rapidly in these countries, and as work is underway on phytosanitary agreements to access the Chinese market.

The growing demand for food products in the context of an increasing population will remain a primary market driver. The demand for feed and fodder in China will further stimulate the market, but as the pig population recovers, the increase in demand in this segment will slow. Taking this into account, the market is expected to grow at an average annual rate of +2.8% and reach 7.7M tonnes by 2030.

Market Size

In 2020, approx. 5.9M tonnes of dry peas were consumed in China, picking up by 20% compared with the previous year's figure. In general, consumption recorded a resilient expansion.  Over the period under review, consumption attained the maximum volume in 2020 and is expected to retain growth in the near future.

For the third consecutive year, the Chinese dry peas market recorded growth in sales value, which increased by 20% to $10.3B in 2020. In general, consumption posted a strong increase. 

China's Dry Peas Imports  by Country

In 2020, the volume of dry peas imported into China soared to 2.9M tonnes, rising by 45% compared with 2019 figures. In value terms, dry peas imports skyrocketed to $821Min 2020. 

In 2020, Canada (2.7M tonnes) was the main supplier of dry peas to China, with a 94% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (125K tonnes), more than tenfold.

The average dry peas import price stood at $282 per tonne in 2020, declining by -2.9% against the previous year. Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was France ($345 per tonne), while the price for Canada ($278 per tonne) was amongst the lowest.

Source: IndexBox Platform

Product coverage:
• FCL 187 - Peas, dry

This report provides an in-depth analysis of the dry peas market in China. 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.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007-2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2020
Figure 5:
Trade Balance, In Physical Terms, 2007-2020
Figure 6:
Trade Balance, In Value Terms, 2007-2020
Figure 7:
Per Capita Consumption, 2007-2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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