Asia-Pacific: Green Peas Market 2024

Green Peas Market Size in Asia-Pacific

The Asia-Pacific green peas market shrank to $X in 2023, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Green Peas Production in Asia-Pacific

In value terms, green peas production contracted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were China (X tons), India (X tons) and Pakistan (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average green peas yield contracted to X tons per ha in 2023, almost unchanged from the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the green peas yield reached the peak level at X tons per ha in 2022, and then shrank slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area dropped to X ha in 2023, therefore, remained relatively stable against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2022, and then contracted in the following year.

Green Peas Exports

Exports in Asia-Pacific

In 2023, overseas shipments of peas (green) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a pronounced descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, green peas exports totaled $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

China was the major exporter of peas (green) in Asia-Pacific, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. India (X tons) took the second position in the ranking, followed by Vietnam (X tons) and Pakistan (X tons). All these countries together took near X% share of total exports. The following exporters - Thailand (X tons) and Malaysia (X tons) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to green peas exports from China stood at X%. At the same time, Vietnam (X%), Malaysia (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, India (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest green peas supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by India, with a X% share.

In China, green peas exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, approximately equating the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Green Peas Imports

Imports in Asia-Pacific

Green peas imports contracted to X tons in 2023, which is down by X% compared with 2022 figures. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, green peas imports shrank slightly to $X in 2023. Over the period under review, imports showed a pronounced descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the key importing country with an import of around X tons, which finished at X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Taiwan (Chinese) (X%), Bangladesh (X%) and Pakistan (X%). South Korea (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to green peas imports into Thailand stood at X%. At the same time, Bangladesh (X%), South Korea (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%), Pakistan (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam, Bangladesh and South Korea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per ton in 2023, rising by X% against the previous year. Import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, green peas import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, 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 Malaysia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform