Asia: Pigeon Peas Market 2024

Pigeon Peas Market Size in Asia

The Asian pigeon peas market reached $X in 2022, increasing by X% against the previous year. The total consumption indicated a strong increase 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Pigeon Peas Production in Asia

In value terms, pigeon peas production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate resilient growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The country with the largest volume of pigeon peas production was India (X tons), comprising approx. X% of total volume. Moreover, pigeon peas production in India exceeded the figures recorded by the second-largest producer, Myanmar (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%.

The average pigeon peas yield rose to X kg per ha in 2022, increasing by X% on the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X kg per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of pigeon peas production in Asia dropped slightly to X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the pigeon peas harvested area remained at a somewhat lower figure.

Pigeon Peas Exports

Exports in Asia

In 2022, overseas shipments of pigeon peas increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pigeon peas exports skyrocketed to $X in 2022. Overall, exports, however, recorded a slight slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Myanmar (X tons) was the key exporter of pigeon peas, mixing up X% of total exports. It was distantly followed by India (X tons), achieving an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pigeon peas exports from Myanmar stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while Myanmar saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Myanmar ($X) emerged as the largest pigeon peas supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Myanmar amounted to X%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Pigeon Peas Imports

Imports in Asia

Pigeon peas imports soared to X tons in 2022, increasing by X% compared with the previous year. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, pigeon peas imports soared to $X in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons) represented roughly X% of total imports in 2022.

India was also the fastest-growing in terms of the pigeon peas imports, with a CAGR of X% from 2012 to 2022. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pigeon peas in Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

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