Australia: Dry Peas Market 2024

Dry Peas Market Size in Australia

The Australian dry peas market soared to $X in 2023, increasing by X% against the previous year. In general, consumption continues to indicate a measured expansion. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Dry Peas Production in Australia

In value terms, dry peas production totaled $X in 2023 estimated in export price. Over the period under review, production, however, saw a mild decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

The average yield of peas (dry) in Australia stood at X tons per ha in 2023, picking up by X% on 2022 figures. In general, the yield saw measured growth. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2023, the growth of the average dry peas 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 2023, the total area harvested in terms of peas (dry) production in Australia surged to X ha, rising by X% compared with the previous year's figure. In general, the harvested area, however, continues to indicate a perceptible slump. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2023, the growth of the dry peas harvested area failed to regain momentum.

Dry Peas Exports

Exports from Australia

In 2023, after two years of growth, there was significant decline in shipments abroad of peas (dry), when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, dry peas exports dropped significantly to $X in 2023. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for dry peas exports from Australia, with a X% share of total exports. Moreover, dry peas exports to China exceeded the volume sent to the second major destination, Sri Lanka (X tons), fivefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Malaysia (X% per year).

In value terms, China ($X) remains the key foreign market for peas (dry) exports from Australia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average dry peas export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Sri Lanka ($X per ton) and Yemen ($X per ton), while the average price for exports to China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Australia

In 2023, overseas purchases of peas (dry) were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable slump. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, dry peas imports surged to $X in 2023. In general, imports, however, saw a noticeable reduction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The United States (X tons), New Zealand (X tons) and Canada (X tons) were the main suppliers of dry peas imports to Australia, together accounting for X% of total imports. India, Myanmar and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to Australia were New Zealand ($X), the United States ($X) and Canada ($X), with a combined X% share of total imports. India, Myanmar and Turkey lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average dry peas import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform