Eastern Asia: Pulses Market 2024

Pulses Market Size in Eastern Asia

For the third year in a row, the East Asian pulses market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a resilient 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, consumption increased by X% against 2013 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pulses Production in Eastern Asia

In value terms, pulses production shrank slightly to $X in 2022 estimated in export price. The total production indicated modest 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, production decreased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. 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 pulses production was China (X tons), accounting for X% of total volume. Moreover, pulses production in China exceeded the figures recorded by the second-largest producer, Democratic People's Republic of Korea (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in China totaled X%.

In 2022, the average yield of pulses in Eastern Asia declined slightly to X tons per ha, approximately reflecting 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid 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, the pulses harvested area in Eastern Asia amounted to X ha, therefore, remained relatively stable against the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pulses production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

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Pulses Exports

Exports in Eastern Asia

For the sixth consecutive year, Eastern Asia 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 slump. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pulses exports fell to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X tons), together resulting at X% of total export.

China was also the fastest-growing in terms of the pulses exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest pulses supplier in Eastern Asia.

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

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, 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.

Pulses Imports

Imports in Eastern Asia

In 2022, pulses imports in Eastern Asia fell slightly to X tons, almost unchanged from the previous year. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pulses imports skyrocketed to $X in 2022. Overall, imports, however, posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Japan (X tons), making up a X% share of total imports. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - each recorded a X% share of total imports.

China was also the fastest-growing in terms of the pulses imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. By contrast, Japan (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 ($X) constitutes the largest market for imported pulses in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

In China, pulses imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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