China: Dry Peas Market Overview 2021

Dry Peas Market Size in China

For the third consecutive year, the Chinese dry peas market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Dry peas consumption peaked in 2020 and is likely to continue growth in the immediate term.

Dry Peas Production in China

In value terms, dry peas production totaled $X in 2020 estimated in export prices. In general, production saw a resilient increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Dry peas production peaked in 2020 and is likely to continue growth in the near future.

The average yield of peas (dry) in China amounted to X tonnes per ha in 2020, growing by X% compared with the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the average dry peas yield hit record highs at X tonnes per ha in 2017; however, from 2018 to 2020, 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 2020, the total area harvested in terms of peas (dry) production in China dropped modestly to X ha, approximately reflecting the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. The dry peas harvested area peaked at X ha in 2007; afterwards, it flattened through to 2020.

Dry Peas Exports

Exports from China

In 2020, after two years of decline, there was significant growth in shipments abroad of peas (dry), when their volume increased by X% to X tonnes. Overall, exports, however, saw a noticeable reduction. Over the period under review, exports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, dry peas exports soared to $X in 2020. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for dry peas exports from China, with a X% share of total exports. Moreover, dry peas exports to Viet Nam exceeded the volume sent to the second major destination, Indonesia (X tonnes), sixfold. Liberia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Viet Nam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Liberia (+X% per year).

In value terms, the largest markets for dry peas exported from China were the U.S. ($X), Viet Nam ($X) and Japan ($X), together comprising X% of total exports. These countries were followed by Liberia, Indonesia, Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further X Kong SAR saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 2020, declining by -X% against the previous year. Over the period under review, the export price, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. The export price peaked at $X per tonne in 2019, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into China

In 2020, approx. X tonnes of peas (dry) were imported into China; with an increase of X% compared with the previous year's figure. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, dry peas imports skyrocketed to $X in 2020. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, Canada (X tonnes) was the main supplier of dry peas to China, accounting for a X% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (+X% per year).

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

From 2007 to 2020, 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 U.S. (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average dry peas import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was France ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (dry) in the world?

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China (5.9M tonnes) constituted the country with the largest volume of dry peas consumption, comprising approx. 36% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Russia (2M tonnes), threefold. The third position in this ranking was occupied by India (922K tonnes), with a 5.6% share.

What are the largest producers of peas (dry) in the world?

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The countries with the highest volumes of dry peas production in 2020 were Canada (4.4M tonnes), China (3M tonnes) and Russia (2.6M tonnes), together comprising 60% of global production.

What are the leading suppliers of peas (dry) to China?

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In value terms, Canada ($759M) constituted the largest supplier of dry peas to China, comprising 93% of total imports. The second position in the ranking was occupied by the U.S. ($39M), with a 4.8% share of total imports.

What are the leading importers of peas (dry) from China?

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In value terms, the largest markets for dry peas exported from China were the U.S. ($494K), Viet Nam ($358K) and Japan ($124K), together comprising 77% of total exports. Liberia, Indonesia, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 14%.

What is the average export price for peas (dry) in China?

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In 2020, the average dry peas export price amounted to $953 per tonne, declining by -53% against the previous year.

What is the average import price for peas (dry) in China?

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The average dry peas import price stood at $282 per tonne in 2020, dropping by -2.9% against the previous year.