China: Pulses Market 2023

Pulses Market Size in China

The Chinese pulses market soared to $X in 2022, jumping by X% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. Pulses consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Pulses Production in China

In value terms, pulses production shrank to $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The average yield of pulses in China dropped modestly to X tons per ha in 2022, stabilizing at the previous year's figure. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average pulses 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 2022, the pulses harvested area in China stood at X ha, remaining constant against 2021. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. The pulses harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Pulses Exports

Exports from China

For the sixth consecutive year, China recorded decline in shipments abroad of pulses, which decreased by X% to X tons in 2022. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pulses exports fell to $X in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for pulses exports from China, with a X% share of total exports. Moreover, pulses exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), twofold. Myanmar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Myanmar (X% per year).

In value terms, Japan ($X) remains the key foreign market for pulses exports from China, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average pulses export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pulses export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into China

In 2022, the amount of pulses imported into China declined slightly to X tons, reducing by X% compared with 2021 figures. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pulses imports skyrocketed to $X in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of pulses to China, with a X% share of total imports. Moreover, pulses imports from Canada exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), twofold. The third position in this ranking was held by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Australia (X% per year).

In value terms, Canada ($X), Myanmar ($X) and Australia ($X) were the largest pulses suppliers to China, together accounting for X% of total imports. Uzbekistan and India lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average pulses import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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