Chile: Pigeon Peas Market Overview 2021

Pigeon Peas Market Size in Chile

In 2019, the Chilean pigeon peas market increased by X% to $X for the first time since 2016, thus ending a two-year declining trend. Overall, consumption showed a significant increase. Pigeon peas consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Pigeon Peas Exports

Exports from Chile

In 2019, approx. X kg of pigeon peas were exported from Chile; with a decrease of -X% on 2018. In general, exports faced a significant contraction. As a result, exports reached the peak of X kg. From 2014 to 2019, the growth exports failed to regain the momentum.

In value terms, pigeon peas exports reduced rapidly to $X in 2019. Over the period under review, exports faced a sharp downturn. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for pigeon peas exports from Chile, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Canada was relatively modest.

Export Prices by Country

In 2018, the average pigeon peas export price amounted to $X per tonne, almost unchanged from the previous year. In general, the export price recorded significant growth. The export price peaked in 2018 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2018, the rate of growth in terms of prices for Canada amounted to X% per year.

Pigeon Peas Imports

Imports into Chile

In 2019, after two years of decline, there was significant growth in purchases abroad of pigeon peas, when their volume increased by X% to X tonnes. Overall, imports enjoyed a significant increase. Over the period under review, imports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, pigeon peas imports surged to $X in 2019. In general, imports enjoyed a significant expansion. Imports peaked at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of pigeon peas to Chile, with a X% share of total imports. Moreover, pigeon peas imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by the Dominican Republic (X tonnes), with a X% share.

From 2012 to 2019, the average annual growth rate of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the Dominican Republic (+X% per year).

In value terms, Canada ($X), the U.S. ($X) and Italy ($X) appeared to be the largest pigeon peas suppliers to Chile, together comprising X% of total imports.

Canada (+X% per year) recorded the highest rates of growth with regard to 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

The average pigeon peas import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, import price indicated measured growth from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pigeon peas import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pigeon peas in the world?

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Indonesia (1,116M tonnes) remains the largest pigeon peas consuming country worldwide, accounting for 100% of total volume.

What are the largest producers of pigeon peas in the world?

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The country with the largest volume of pigeon peas production was India (3.3M tonnes), accounting for 68% of total volume. Moreover, pigeon peas production in India exceeded the figures recorded by the second-largest producer, Malawi (465K tonnes), sevenfold. Myanmar (347K tonnes) ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of pigeon peas to Chile?

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In value terms, Canada ($49K), the U.S. ($45K) and Italy ($3.6K) were the largest pigeon peas suppliers to Chile, together comprising 97% of total imports.

What is the average export price for pigeon peas in Chile?

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In 2018, the average pigeon peas export price amounted to $8,571 per tonne, standing approx. at the previous year.

What is the average import price for pigeon peas in Chile?

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In 2019, the average pigeon peas import price amounted to $982 per tonne, falling by -27.9% against the previous year.