India - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Peas Price in India - 2023
Contents:
- Dry Peas Price in India (FOB) - 2023
- Dry Peas Price in India (CIF) - 2022
- Dry Peas Exports in India
- Dry Peas Imports in India
Dry Peas Price in India (FOB) - 2023
The average dry peas export price stood at $707 per ton in July 2023, rising by 85% against the previous month. In general, export price indicated resilient growth from July 2022 to July 2023: its price increased at an average monthly rate of +5.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, dry peas export price increased by +102.2% against April 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($1,399 per ton), while the average price for exports to Bangladesh ($504 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Peas Price in India (CIF) - 2022
The average dry peas import price stood at $257 per ton in June 2022, with a decrease of -74.8% against the previous month. Over the period under review, the import price saw a deep slump. The pace of growth was the most pronounced in May 2022 when the average import price increased by 166% month-to-month. As a result, import price attained the peak level of $1,020 per ton, and then declined dramatically in the following month.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From December 2021 to June 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +11.2% per month.
Dry Peas Exports in India
For the fourth consecutive year, India recorded growth in overseas shipments of peas (dry), which increased by 451% to 116K tons in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, dry peas exports skyrocketed to $53M in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dry Peas in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.8 | 2.4 | 30.9 | 521.5% |
| United Arab Emirates | 0.1 | 0.1 | 1.1 | 14.2 | 421.7% |
| Bangladesh | N/A | 0.7 | 1.0 | 3.7 | 129.9% |
| Others | 0.9 | 2.4 | 7.6 | 4.4 | 69.7% |
| Total | 1.0 | 3.9 | 12.0 | 53.2 | 276.1% |
Top Export Markets for Dry Peas from India in 2022:
- United Arab Emirates (51.4K tons)
- China (33.8K tons)
- Bangladesh (24.7K tons)
Dry Peas Imports in India
In 2022, after two years of decline, there was significant growth in supplies from abroad of peas (dry), when their volume increased by 2,130% to 1.6K tons. In general, imports, however, showed a dramatic curtailment.
In value terms, dry peas imports skyrocketed to $535K in 2022. Over the period under review, imports, however, faced a sharp curtailment.
| Import of Dry Peas in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.2 | 0.4 | N/A | 0.3 | -48.5% |
| Canada | 153 | 23.8 | N/A | 0.1 | -91.3% |
| Russia | 24.2 | N/A | N/A | 0.1 | -84.0% |
| Myanmar | 16.3 | 3.6 | N/A | N/A | -77.9% |
| Turkey | 14.3 | N/A | N/A | N/A | 0% |
| Ukraine | 39.7 | 0.2 | N/A | N/A | -99.5% |
| Others | 15.3 | N/A | N/A | N/A | 0% |
| Total | 265 | 27.9 | N/A | 0.5 | -87.6% |
Top Suppliers of Dry Peas to India in 2022:
- United Arab Emirates (821.4 tons)
- Russia (538.9 tons)
- Canada (271.0 tons)
This report provides an in-depth analysis of the dry peas market in India. 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 2030.
Product coverage:
- FCL 187 - Peas, dry
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The rate of growth of Dry Peas exports reached its peak in December 2022 with a significant 93% increase compared to the previous month. However, in terms of value, exports declined sharply to $286K in July 2023.
96
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The rate of growth was highest in August 2023 with a 146% increase in imports compared to the previous month. In terms of value, Cow Peas imports significantly dropped to $2.4M in November 2023.
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In June 2023, the Cow Peas price was $737 per ton (CIF, India), showing a 2.9% increase compared to the previous month.
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