U.S. - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Peas Price in the United States - 2023
Contents:
- Dry Peas Price in the United States (FOB) - 2023
- Dry Peas Price in the United States (CIF) - 2023
- Dry Peas Exports in the United States
- Dry Peas Imports in the United States
Dry Peas Price in the United States (FOB) - 2023
The average dry peas export price stood at $605 per ton in August 2023, dropping by -11.3% against the previous month. Overall, the export price showed a noticeable descent. The most prominent rate of growth was recorded in November 2022 an increase of 9.6% m-o-m. The export price peaked at $899 per ton in September 2022; however, from October 2022 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($715 per ton), while the average price for exports to Canada ($424 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.7%), while the prices for the other major destinations experienced a decline.
Dry Peas Price in the United States (CIF) - 2023
The average dry peas import price stood at $458 per ton in August 2023, with a decrease of -21.4% against the previous month. Over the period under review, the import price showed a perceptible curtailment. The growth pace was the most rapid in July 2023 an increase of 19% m-o-m. The import price peaked at $639 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to -2.4% per month.
Dry Peas Exports in the United States
In 2022, overseas shipments of peas (dry) decreased by -33% to 249K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. As a result, the exports attained the peak of 511K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, dry peas exports fell to $197M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. As a result, the exports reached the peak of $227M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Dry Peas in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 10.5 | 16.4 | 29.4 | 54.0 | 72.6% |
| Canada | 30.5 | 37.0 | 26.5 | 20.2 | -12.8% |
| Yemen | N/A | 17.5 | 20.7 | 15.2 | -6.8% |
| Mexico | 10.0 | 12.5 | 15.9 | 14.7 | 13.7% |
| Peru | 10.3 | 17.6 | 9.8 | 9.4 | -3.0% |
| China | 6.6 | 39.2 | 20.6 | 7.4 | 3.9% |
| Philippines | 10.1 | 12.7 | 7.8 | 7.3 | -10.3% |
| Kenya | 4.8 | 5.5 | 4.6 | 6.6 | 11.2% |
| Cameroon | 4.2 | 3.1 | 5.8 | 5.9 | 12.0% |
| Djibouti | 5.4 | 3.7 | 9.6 | 5.8 | 2.4% |
| Somalia | 3.3 | 0.8 | 0.7 | 5.4 | 17.8% |
| South Sudan | 0.2 | 3.2 | 5.1 | 4.1 | 173.7% |
| Turkey | 0.9 | 1.4 | 0.1 | 2.6 | 42.4% |
| Others | 47.5 | 55.9 | 53.6 | 38.5 | -6.8% |
| Total | 144 | 227 | 210 | 197 | 11.0% |
Top Export Markets for Dry Peas from the United States in 2022:
- Ethiopia (70.2K tons)
- Canada (28.5K tons)
- Yemen (20.8K tons)
- Mexico (16.5K tons)
- China (13.4K tons)
- Philippines (12.1K tons)
- Peru (11.2K tons)
- South Sudan (9.4K tons)
- Kenya (7.7K tons)
- Cameroon (7.2K tons)
- Djibouti (6.8K tons)
- Somalia (5.3K tons)
- Turkey (4.8K tons)
Dry Peas Imports in the United States
In 2022, the amount of peas (dry) imported into the United States soared to 338K tons, growing by 18% against 2021 figures. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 140%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, dry peas imports skyrocketed to $196M in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 148% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Dry Peas in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 68.1 | 33.8 | 112 | 155 | 31.5% |
| Russia | 4.6 | 7.1 | 8.0 | 12.9 | 41.0% |
| Turkey | 0.1 | 0.1 | 0.1 | 8.3 | 336.2% |
| New Zealand | 4.8 | 5.8 | 4.4 | 5.8 | 6.5% |
| Others | 10.8 | 10.9 | 18.0 | 14.2 | 9.6% |
| Total | 88.3 | 57.7 | 143 | 196 | 30.4% |
Top Suppliers of Dry Peas to the United States in 2022:
- Canada (290.1K tons)
- Russia (25.5K tons)
- Turkey (8.5K tons)
- New Zealand (6.4K tons)
This report provides an in-depth analysis of the dry peas market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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In June 2023, the price of dry peas reached $685 per ton (FOB, US), experiencing a decrease of -4.9% compared to the previous month.
308
As of July 2023, the price of pigeon peas amounted to $1,742 per ton (CIF, US), showing a 1.9% increase compared to the previous month.
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Dry Bean exports decreased to $40M in July 2023 in terms of value.
372
In July 2022, the pulses price per ton amounted to $996, surging by 2.2% against the previous month.
420
The pulses price per ton stood at $1,025 (FOB, US) in May 2022, remaining stable against the previous month.
660
In June 2022, the lentil price per tonamounted to $924 per ton, reducing by -4.4% against the previous month.
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In November 2022, the cow peas price stood at $1,087 per ton (FOB, US), approximately reflecting the previous month.
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