Finland: Pigeon Peas Market Overview 2021

Pigeon Peas Market Size in Finland

The Finnish pigeon peas market skyrocketed to $X in 2019, rising by X% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Pigeon Peas Production in Finland

In value terms, pigeon peas production declined rapidly to $X in 2019 estimated in export prices. Overall, production showed a dramatic shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

The average yield of pigeon peas in Finland was estimated at X kg per ha in 2019, remaining relatively unchanged against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the pigeon peas harvested area in Finland totaled X ha, therefore, remained relatively stable against 2018. In general, the harvested area showed a relatively flat trend pattern.

Pigeon Peas Exports

Exports from Finland

In 2019, exports of pigeon peas from Finland totaled X kg, rising by X% against the previous year. In general, exports, however, continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, pigeon peas exports soared to $X in 2019. Over the period under review, exports, however, saw a dramatic setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for pigeon peas exports from Finland, with a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to the Netherlands stood at -X%.

In value terms, the Netherlands ($X) also remains the key foreign market for pigeon peas exports from Finland.

From 2012 to 2019, the average annual growth rate of value to the Netherlands totaled -X%.

Export Prices by Country

In 2019, the average pigeon peas export price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pigeon peas export price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum in 2019 and is likely to see steady growth in years to come.

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

From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Pigeon Peas Imports

Imports into Finland

In 2019, approx. X tonnes of pigeon peas were imported into Finland; increasing by X% on the previous year's figure. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, pigeon peas imports skyrocketed to $X in 2019. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 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, the UK (X tonnes) was the main supplier of pigeon peas to Finland, with a X% share of total imports. Moreover, pigeon peas imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold.

From 2012 to 2019, the average annual growth rate of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and India (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of pigeon peas to Finland, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2012 to 2019, the average annual growth rate of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2019, the average pigeon peas import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was India ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by India (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pigeon peas in the world?

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Indonesia (1,116M tonnes) remains the largest pigeon peas consuming country worldwide, comprising approx. 100% of total volume.

What are the largest producers of pigeon peas in the world?

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India (3.3M tonnes) remains the largest pigeon peas producing country worldwide, comprising approx. 68% of total volume. Moreover, pigeon peas production in India exceeded the figures recorded by the second-largest producer, Malawi (465K tonnes), sevenfold. The third position in this ranking was occupied by Myanmar (347K tonnes), with a 7.1% share.

What are the leading suppliers of pigeon peas to Finland?

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In value terms, the UK ($8K) constituted the largest supplier of pigeon peas to Finland, comprising 89% of total imports. The second position in the ranking was occupied by India ($603), with a 6.7% share of total imports.

What are the leading importers of pigeon peas from Finland?

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In value terms, the Netherlands ($16) remains the key foreign market for pigeon peas exports from Finland.

What is the average export price for pigeon peas in Finland?

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In 2019, the average pigeon peas export price amounted to $1,221 per tonne, surging by 4.7% against the previous year.

What is the average import price for pigeon peas in Finland?

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In 2019, the average pigeon peas import price amounted to $1,810 per tonne, which is down by -9% against the previous year.