EU Preserved Peas Market | Bonduelle S.C.A., General Mills Inc., Fresh Del Monte Produce Inc.

IndexBox has just published a new report, the EU - Preserved Peas - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.

The revenue of the preserved peas market in the European Union amounted to $429M in 2017, surging by 6.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The preserved peas consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when the market value increased by 11% year-to-year. In that year, the preserved peas market attained its peak level of $507M. From 2009 to 2017, the growth of the preserved peas market remained at a lower figure.

Production in the EU

In 2017, approx. 441K tonnes of preserved peas were produced in the European Union; shrinking by -2.7% against the previous year. The preserved peas production continues to indicate a slight reduction.

Exports in the EU

In 2017, exports of preserved peas in the European Union amounted to 164K tonnes, dropping by -11.6% against the previous year. The preserved peas exports continue to indicate a pronounced shrinkage.

In value terms, preserved peas exports stood at $172M (IndexBox estimates) in 2017. The preserved peas exports continue to indicate a perceptible curtailment. In that year, preserved peas exports reached their peak of $271M. From 2009 to 2017, the growth of preserved peas exports remained at a lower figure.

Exports by Country

In 2017, Hungary (61K tonnes) was the main exporter for preserved peas, generating 37% of total exports. Italy (33K tonnes) held the second position in the ranking, followed by France (24K tonnes), the Netherlands (14K tonnes), Belgium (13K tonnes) and Poland (7.9K tonnes). All these countries together took near 56% share of total exports. Germany (3.4K tonnes) took the minor share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other leaders experienced mixed trends in the exports figures.

In value terms, Hungary ($56M), the Netherlands ($32M) and France ($31M) were the countries with the highest levels of exports in 2017, with a combined 69% share of total exports. Italy, Belgium, Poland and Germany lagged somewhat behind, together comprising a further 26%.

Export Prices by Country

The preserved peas export price in the European Union stood at $1 per kg in 2017, surging by 6.7% against the previous year. The the preserved peas export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the export price increased by 16% y-o-y. Over the period under review, the export prices for preserved peas reached their peak figure at $1,250 per tonne in 2014; however, from 2015 to 2017, export prices remained at a lower figure.

Export prices varied noticeably by the country of destination; the country with the highest export price was the Netherlands ($2,258 per tonne), while Italy ($666 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Imports in the EU

The imports totaled 127K tonnes in 2017, dropping by -3.2% against the previous year. The preserved peas imports continue to indicate a relatively flat trend pattern.

In value terms, preserved peas imports amounted to $138M (IndexBox estimates) in 2017. The preserved peas imports continue to indicate a relatively flat trend pattern. Over the period under review, preserved peas imports attained their maximum at $175M in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

Imports by Country

In 2017, Germany (30K tonnes), distantly followed by the UK (16K tonnes), Italy (13K tonnes), France (13K tonnes), Belgium (10K tonnes), Spain (6.6K tonnes) and Romania (6.1K tonnes) were the main importers of preserved peas, together mixed up 75% of total imports. Lithuania (5.1K tonnes), the Netherlands (4.5K tonnes), the Czech Republic (3.9K tonnes), Latvia (2.9K tonnes) and Hungary (2.5K tonnes) took the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Hungary, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($31M) constitutes the largest market for imported preserved peas in the European Union, comprising 23% of global imports. The second position in the ranking was occupied by the UK ($15M), with a 11% share of global imports. It was followed by Italy, with a 11% share.

Import Prices by Country

The preserved peas import price in the European Union stood at $1.1 per kg in 2017, picking up by 1.8% against the previous year. The the preserved peas import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the import price increased by 18% year-to-year. The level of import price peaked at $1,319 per tonne in 2014; however, from 2015 to 2017, import prices stood at a somewhat lower figure.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Belgium ($1,379 per tonne) and the Netherlands ($1,320 per tonne), while Romania ($928 per tonne) and the UK ($953 per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Hungary, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform