U.S. - Preserved Peas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Peas Price in the United States - 2023
Contents:
- Preserved Peas Price in the United States (CIF) - 2023
- Preserved Peas Price in the United States (FOB) - 2023
- Preserved Peas Imports in the United States
- Preserved Peas Exports in the United States
Preserved Peas Price in the United States (CIF) - 2023
The average preserved peas import price stood at $1,628 per ton in September 2023, shrinking by -4.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 33% against the previous month. As a result, import price attained the peak level of $2,081 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($8,715 per ton), while the price for China ($707 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Peas Price in the United States (FOB) - 2023
In September 2023, the average preserved peas export price amounted to $1,530 per ton, increasing by 25% against the previous month. Overall, export price indicated noticeable growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, preserved peas export price decreased by -5.3% against July 2023 indices. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 58% m-o-m. As a result, the export price attained the peak level of $1,666 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Saint Vincent and the Grenadines ($2,620 per ton), while the average price for exports to Panama ($1,088 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Peas Imports in the United States
In 2022, purchases abroad of preserved peas decreased by -2.4% to 13K tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 105%. As a result, imports reached the peak of 14K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, preserved peas imports soared to $23M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Preserved Peas in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.0 | 4.1 | 4.5 | 4.0 | 10.1% |
| Brazil | N/A | 0.8 | 0.9 | 3.1 | 96.9% |
| Spain | 0.1 | 2.1 | 0.5 | 3.0 | 210.7% |
| China | 3.3 | 5.2 | 4.5 | 2.8 | -5.3% |
| Malaysia | 2.1 | 1.8 | 2.1 | 2.2 | 1.6% |
| Peru | 1.8 | 1.8 | 1.0 | 1.2 | -12.6% |
| United Kingdom | N/A | 1.1 | 0.1 | 1.1 | 0.0% |
| Canada | 1.6 | 1.5 | 0.8 | 1.0 | -14.5% |
| Chile | N/A | N/A | N/A | 0.7 | 0% |
| Italy | 0.1 | 1.3 | 0.9 | 0.3 | 44.2% |
| Others | 2.9 | 2.8 | 4.4 | 3.5 | 6.5% |
| Total | 14.9 | 22.5 | 19.6 | 22.8 | 15.2% |
Top Suppliers of Preserved Peas to the United States in 2022:
- Spain (2.7K tons)
- Brazil (2.3K tons)
- China (1.9K tons)
- United Kingdom (0.9K tons)
- Malaysia (0.8K tons)
- Peru (0.8K tons)
- Canada (0.7K tons)
- Chile (0.6K tons)
- Thailand (0.5K tons)
- Italy (0.2K tons)
Preserved Peas Exports in the United States
After two years of decline, shipments abroad of preserved peas increased by 16% to 6.6K tons in 2022. Over the period under review, exports, however, recorded a precipitous contraction.
In value terms, preserved peas exports surged to $7.2M in 2022. In general, exports, however, showed a abrupt contraction.
| Export of Preserved Peas in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6,426 | 1,783 | 3,169 | 3,321 | -19.8% |
| Panama | 352 | 357 | 150 | 1,662 | 67.8% |
| French Polynesia | 522 | 602 | 486 | 404 | -8.2% |
| Jamaica | 231 | 186 | 311 | 251 | 2.8% |
| Chile | 29.0 | 81.6 | 60.2 | 192 | 87.8% |
| Haiti | 265 | 132 | 226 | 184 | -11.4% |
| Dominican Republic | 3,796 | 1,940 | 122 | 134 | -67.2% |
| China | N/A | 269 | 117 | 88.0 | -42.8% |
| Others | 1,103 | 899 | 1,066 | 982 | -3.8% |
| Total | 12,724 | 6,249 | 5,708 | 7,218 | -17.2% |
Top Export Markets for Preserved Peas from the United States in 2022:
- Canada (3644.6 tons)
- Panama (1203.2 tons)
- French Polynesia (324.0 tons)
- Chile (224.0 tons)
- Jamaica (193.7 tons)
- Haiti (146.0 tons)
- China (139.1 tons)
- Dominican Republic (106.6 tons)
This report provides an in-depth analysis of the preserved 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:
- Prodcom 10391600 - Peas, preserved otherwise than by vinegar or acetic acid, e xcept prepared vegetable dishes
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
- 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 VOLUME AND VALUE
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
- 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
- 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 March 2023, the preserved peas price amounted to $2,081 per ton (CIF, US), picking up by 33% against the previous month.
172
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433
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