China: Pigeon Peas Market 2022

Pigeon Peas Market Size in China

The Chinese pigeon peas market soared to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Pigeon peas consumption peaked in 2020 and is likely to see steady growth in the near future.

Pigeon Peas Exports

Exports from China

In 2020, shipments abroad of pigeon peas increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, pigeon peas exports rose slightly to $X in 2020. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for pigeon peas exports from China, accounting for a X% share of total exports. Moreover, pigeon peas exports to the U.S. exceeded the volume sent to the second major destination, Japan (X kg), fourfold. Australia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Australia (-X% per year).

In value terms, the U.S. ($X), Japan ($X) and Singapore ($X) constituted the largest markets for pigeon peas exported from China worldwide, with a combined X% share of total exports.

The U.S. saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average pigeon peas export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price saw a perceptible descent. The growth pace was the most rapid in 2018 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Pigeon Peas Imports

Imports into China

In 2020, pigeon peas imports into China surged to X tonnes, increasing by X% against 2019. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 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 immediate term.

In value terms, pigeon peas imports skyrocketed to $X in 2020. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest supplier of pigeon peas to China, accounting for a X% share of total imports. Moreover, pigeon peas imports from Canada exceeded the figures recorded by the second-largest supplier, Tanzania (X tonnes), threefold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+X% per year) and Myanmar (-X% per year).

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

From 2012 to 2020, the average annual rate of growth in terms of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

The average pigeon peas import price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Myanmar ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform