China: Dry Peas Market 2022

Dry Peas Market Size in China

The Chinese dry peas market dropped to $X in 2021, which is down by -X% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2015 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Dry Peas Production in China

In value terms, dry peas production rose remarkably to $X in 2021 estimated in export prices. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

The average yield of peas (dry) in China totaled X tonnes per ha in 2021, remaining relatively unchanged against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tonnes per ha. From 2018 to 2021, the growth of the average dry peas yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of peas (dry) production in China fell to X ha, almost unchanged from 2020. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. The dry peas harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports from China

Dry peas exports from China shrank slightly to X tonnes in 2021, declining by -X% against the previous year's figure. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 when exports increased by X% year-to-year. Over the period under review, the exports reached the maximum at X tonnes in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, dry peas exports contracted slightly to $X in 2021. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tonnes) was the main destination for dry peas exports from China, with a X% share of total exports. Moreover, dry peas exports to Vietnam exceeded the volume sent to the second major destination, Liberia (X tonnes), twofold. The third position in this ranking was occupied by Taiwan (Chinese) (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, the largest markets for dry peas exported from China were the United States ($X), Vietnam ($X) and Japan ($X), with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2021, approximately mirroring the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas export price decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2020 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into China

In 2021, the amount of peas (dry) imported into China fell rapidly to X tonnes, waning by -X% compared with the previous year's figure. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2020, and then contracted remarkably in the following year.

In value terms, dry peas imports shrank to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Canada (X tonnes) was the main supplier of dry peas to China, with a X% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tonnes), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and France (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of dry peas to China, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and France (+X% per year).

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2021, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was France ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform