Eastern Asia: Dry Peas Market 2024

Dry Peas Market Size in Eastern Asia

The East Asian dry peas market rose notably to $X in 2022, picking up by X% against the previous year. The total consumption indicated a strong expansion 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 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Dry Peas Production in Eastern Asia

In value terms, dry peas production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced descent. The pace of growth was the most pronounced 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 country with the largest volume of dry peas production was China (X tons), accounting for X% of total volume.

In China, dry peas production expanded at an average annual rate of X% over the period from 2012-2022.

The average dry peas yield totaled X tons per ha in 2022, approximately mirroring the previous year. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 (dry) were harvested in Eastern Asia; flattening at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to dry peas production reached the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Dry Peas Exports

Exports in Eastern Asia

For the third year in a row, Eastern Asia recorded growth in overseas shipments of peas (dry), which increased by X% to X tons in 2022. Over the period under review, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dry peas exports surged to $X in 2022. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the peas (dry) exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest dry peas supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, dry peas exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).

Dry Peas Imports

Imports in Eastern Asia

Dry peas imports declined sharply to X tons in 2022, waning by X% against the previous year's figure. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, dry peas imports expanded significantly to $X in 2022. In general, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The purchases of the one major importers of peas (dry), namely China, represented more than two-thirds of total import.

China was also the fastest-growing in terms of the peas (dry) imports, with a CAGR of X% from 2012 to 2022. China (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported peas (dry) in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated slight growth 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, dry peas import price increased by X% against 2020 indices. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform