Asia-Pacific: Chick Peas Market 2024

Chick Peas Market Size in Asia-Pacific

The Asia-Pacific chick peas market rose notably to $X in 2022, increasing by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Chick Peas Production in Asia-Pacific

In value terms, chick peas production rose to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of chick peas production, accounting for X% of total volume. Moreover, chick peas production in India exceeded the figures recorded by the second-largest producer, Australia (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total production with a X% share.

In India, chick peas production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Myanmar (X% per year).

The average chick peas yield expanded markedly to X tons per ha in 2022, growing by X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the yield increased by X%. Over the period under review, the chick peas yield hit record highs in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chick peas were harvested in Asia-Pacific; growing by X% on 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to chick peas production attained the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Chick Peas Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of chick peas decreased by X% to X tons in 2022. In general, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, chick peas exports expanded markedly to $X in 2022. Over the period under review, exports showed a noticeable descent. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the major exporter of chick peas in Asia-Pacific, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), achieving a X% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and India (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chick peas supplying countries in Asia-Pacific were Australia ($X), India ($X) and Myanmar ($X), together comprising X% of total exports.

Among the main exporting countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Chick Peas Imports

Imports in Asia-Pacific

In 2022, overseas purchases of chick peas increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, chick peas imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a mild contraction. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Pakistan (X tons) and Bangladesh (X tons) prevails in imports structure, together committing X% of total imports. India (X tons) took the next position in the ranking, followed by Nepal (X tons). All these countries together held near X% share of total imports. The following importers - Sri Lanka (X tons) and China (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Bangladesh ($X) and India ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nepal, Sri Lanka and China lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform