China: Green Peas Market 2024

Green Peas Market Size in China

The Chinese green peas market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Green peas consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Green Peas Production in China

In value terms, green peas production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Green peas production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The average yield of peas (green) in China reached X tons per ha in 2022, therefore, remained relatively stable against the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 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 2014 to 2022, the growth of the average green 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 2022, approx. X ha of peas (green) were harvested in China; approximately reflecting the previous year. The harvested area 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 pace of growth appeared the most rapid in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the green peas harvested area remained at a somewhat lower figure.

Green Peas Exports

Exports from China

In 2022, shipments abroad of peas (green) decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, green peas exports rose slightly to $X in 2022. Over the period under review, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for green peas exports from China, accounting for a X% share of total exports. Moreover, green peas exports to Thailand exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the largest markets for green peas exported from China worldwide, with a combined X% share of total exports. Canada, Australia, the UK, Japan and Macao SAR lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 green peas export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into China

In 2015, the amount of peas (green) imported into China fell rapidly to X kg, which is down by X% against the previous year's figure. Over the period under review, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2015, imports failed to regain momentum.

In value terms, green peas imports shrank significantly to $X in 2015. In general, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2015, imports remained at a lower figure.

Imports by Country

Canada (X kg), the United States (X kg) and Serbia (X kg) were the main suppliers of green peas imports to China, together accounting for X% of total imports.

From 2012 to 2015, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest green peas suppliers to China were the United States ($X), Canada ($X) and the UK ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2015, the average green peas import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2014, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2015, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform