Asia: Green Peas Market 2024

Green Peas Market Size in Asia

The Asian green peas market rose modestly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Green Peas Production in Asia

In value terms, green peas production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Pakistan (X tons), together accounting for X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of peas (green) in Asia amounted to X tons per ha, remaining relatively unchanged against 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the green peas yield reached the maximum level in 2022 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the green peas harvested area in Asia shrank to X ha, stabilizing at 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the maximum at X ha in 2021, and then contracted slightly in the following year.

Green Peas Exports

Exports in Asia

After two years of decline, overseas shipments of peas (green) increased by X% to X tons in 2022. In general, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, green peas exports totaled $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Vietnam (X tons), together creating a X% share of total exports. The following exporters - India (X tons) and Thailand (X tons) - each amounted to an X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and India (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, China and India saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In China, green peas exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Green Peas Imports

Imports in Asia

In 2022, purchases abroad of peas (green) was finally on the rise to reach X tons after seven years of decline. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, green peas imports expanded notably to $X in 2022. Overall, imports, however, recorded a pronounced descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand represented the key importing country with an import of around X tons, which resulted at X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Pakistan (X%), Malaysia (X%) and Indonesia (X%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to green peas imports into Thailand stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Pakistan (X%), Taiwan (Chinese) (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Thailand, Pakistan, Taiwan (Chinese) and South Korea increased by X, X, X, X and X percentage points, respectively.

In value terms, Thailand ($X), Malaysia ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The United Arab Emirates, Pakistan, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Asia amounted to $X per ton, falling by X% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price 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, green peas import price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform