Eritrea: Dry Peas Market 2020

Dry Peas Market Size in Eritrea

The revenue of the dry peas market in Eritrea amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, dry peas consumption continues to indicate a temperate shrinkage. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the dry peas market reached its maximum level at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Dry Peas Production in Eritrea

In value terms, dry peas production totaled $X in 2018 estimated in export prices. Over the period under review, dry peas production continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. In that year, dry peas production attained its peak level of $X. From 2009 to 2018, dry peas production growth failed to regain its momentum.

Average yield of peas (dry) in Eritrea totaled X kg per ha in 2018, remaining stable against the previous year. Over the period under review, the dry peas yield continues to indicate a modest increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. The global dry peas yield peaked at X kg per ha in 2010; however, from 2011 to 2018, 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 2018, the total area harvested in terms of peas (dry) production in Eritrea amounted to X ha, going down by -X% against the previous year. Over the period under review, the dry peas harvested area continues to indicate a deep reduction. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to dry peas production attained its maximum at X ha in 2009; however, from 2010 to 2018, harvested area failed to regain its momentum.

Dry Peas Exports

Exports by Country

In 2018, Canada (X tons) represented the largest exporter of peas (dry), constituting X% of total exports. Russia (X tons) occupied the second position in the ranking, distantly followed by Ukraine (X tons) and the U.S. (X tons). All these countries together held near X% share of total exports. The following exporters - France (X tons), Australia (X tons) and Lithuania (X tons) - each resulted at a X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to dry peas exports from Canada stood at +X%. At the same time, Lithuania (+X%), Russia (+X%), Ukraine (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Russia, Canada, Ukraine, Lithuania and Australia increased by +X%, +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest dry peas supplier from Eritrea, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Canada amounted to +X%. In the other countries, the average annual rates were as follows: Ukraine (+X% per year) and Russia (+X% per year).

Export Prices by Country

In 2018, the dry peas export price in Eritrea amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the dry peas export price continues to indicate a relatively flat trend pattern. Eritrea export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Dry Peas Imports

Imports into Eritrea

In 2018, the amount of peas (dry) imported into Eritrea stood at X tons, going up by X% against the previous year. Overall, dry peas imports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Over the period under review, dry peas imports reached their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, dry peas imports amounted to $X in 2018. Overall, dry peas imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Eritrea imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

India was the key importer of peas (dry) in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2018. China (X tons) held the second position in the ranking, distantly followed by Spain (X tons) and Bangladesh (X tons). All these countries together held approx. X% share of total imports. The following importers - the U.S. (X tons), Germany (X tons), Pakistan (X tons), Belgium (X tons) and Italy (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2018. At the same time, Spain (+X%), the U.S. (+X%), China (+X%), Pakistan (+X%), Germany (+X%), Italy (+X%), Bangladesh (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. India (+X p.p.), China (+X p.p.), Spain (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported peas (dry) into Eritrea, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in India totaled +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2018, the dry peas import price in Eritrea amounted to $X per ton, flattening at the previous year. Over the period under review, the dry peas import price continues to indicate an abrupt downturn. Over the period under review, the import prices for peas (dry) attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform