Colombia: Dry Peas Market Overview 2021

Dry Peas Market Size in Colombia

The Colombian dry peas market was finally on the rise to reach $X in 2019, after two years of decline. Over the period under review, consumption recorded a abrupt setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Dry peas consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Dry Peas Production in Colombia

In value terms, dry peas production declined to $X in 2019 estimated in export prices. In general, production showed a noticeable reduction. The growth pace was the most rapid in 2012 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

In 2019, the average dry peas yield in Colombia reached X tonnes per ha, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tonnes per ha; afterwards, it flattened through to 2019. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The dry peas harvested area in Colombia amounted to X ha in 2019, stabilizing at 2018. The harvested area increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to dry peas production attained the maximum at X ha in 2017; however, from 2018 to 2019, the harvested area failed to regain the momentum.

Dry Peas Exports

Exports from Colombia

In 2019, shipments abroad of peas (dry) decreased by -X% to X tonnes for the first time since 2012, thus ending a six-year rising trend. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports remained at a lower figure.

In value terms, dry peas exports contracted markedly to $X in 2019. Over the period under review, exports recorded a abrupt setback. The smallest decline of -X% was in 2016. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Spain (X tonnes) was the main destination for dry peas exports from Colombia, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Spain amounted to +X%.

In value terms, Spain ($X) also remains the key foreign market for dry peas exports from Colombia.

From 2007 to 2019, the average annual growth rate of value to Spain amounted to +X%.

Export Prices by Country

In 2019, the average dry peas export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2007 to 2019, the rate of growth in terms of prices for Spain amounted to -X% per year.

Dry Peas Imports

Imports into Colombia

Dry peas imports into Colombia skyrocketed to X tonnes in 2019, with an increase of X% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, dry peas imports skyrocketed to $X in 2019. Over the period under review, total imports indicated a mild expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Canada (X tonnes) constituted the largest supplier of dry peas to Colombia, with 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), ninefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada was relatively modest.

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

From 2007 to 2019, the average annual growth rate of value from Canada amounted to +X%.

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2019, flattening at the previous year. Overall, import price indicated a slight increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, dry peas import price decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Canada amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of dry peas consumption in 2019 were India (4.5M tonnes), China (3.7M tonnes) and Russia (2M tonnes), together comprising 58% of global consumption.

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 2019 were Canada (4M tonnes), Russia (2.5M tonnes) and China (1.6M tonnes), together comprising 56% of global production. India, Ukraine, the U.S., France, Ethiopia, Australia, Lithuania and Spain lagged somewhat behind, together accounting for a further 31%.

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

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In value terms, Canada ($15M) constituted the largest supplier of dry peas to Colombia, comprising 86% of total imports. The second position in the ranking was occupied by the U.S. ($2.3M), with a 13% share of total imports.

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

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In value terms, Spain ($135K) remains the key foreign market for dry peas exports from Colombia.

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

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In 2019, the average dry peas export price amounted to $617 per tonne, declining by -10.4% against the previous year.

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

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In 2019, the average dry peas import price amounted to $387 per tonne, almost unchanged from the previous year.