Italy: Dry Peas Market Overview 2021

Dry Peas Market Size in Italy

In 2019, the Italian dry peas market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption posted a strong increase. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the immediate term.

Dry Peas Production in Italy

In value terms, dry peas production skyrocketed to $X in 2019 estimated in export prices. In general, production enjoyed a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

In 2019, the average dry peas yield in Italy declined slightly to X tonnes per ha, therefore, remained relatively stable against the previous year's figure. Overall, the yield showed a mild curtailment. The pace of growth appeared the most rapid in 2016 when the yield increased by X% y-o-y. Over the period under review, the average dry peas yield hit record highs at X tonnes per ha in 2007; however, from 2008 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of peas (dry) production in Italy stood at X ha, growing by X% against 2018 figures. In general, the harvested area showed a notable expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. The dry peas harvested area peaked in 2019 and is expected to retain growth in the immediate term.

Dry Peas Exports

Exports from Italy

In 2019, overseas shipments of peas (dry) decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports failed to regain the momentum.

In value terms, dry peas exports shrank notably to $X in 2019. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2017 to 2019, the growth exports failed to regain the momentum.

Exports by Country

France (X tonnes) was the main destination for dry peas exports from Italy, accounting for a X% share of total exports. Moreover, dry peas exports to France exceeded the volume sent to the second major destination, Germany (X tonnes), twofold. The third position in this ranking was occupied by Mauritania (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Mauritania (+X% per year).

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for dry peas exported from Italy worldwide, with a combined X% share of total exports. The UK, Japan, Portugal, Saudi Arabia, Mauritania, Morocco, Benin, Switzerland, Qatar and Cote d'Ivoire lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average dry peas export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2007 to 2019: its price 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, dry peas export price increased by +X% against 2017 indices. Over the period under review, average export prices reached the maximum at $X per tonne in 2014; afterwards, it flattened through to 2019.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to Mauritania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Italy

In 2019, purchases abroad of peas (dry) increased by X% to X tonnes, rising for the third year in a row after two years of decline. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, dry peas imports expanded remarkably to $X in 2019. In general, total imports indicated a buoyant expansion from 2007 to 2019: its value 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, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

Russia (X tonnes), Ukraine (X tonnes) and Romania (X tonnes) were the main suppliers of dry peas imports to Italy, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Romania (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to Italy were Russia ($X), Ukraine ($X) and France ($X), with a combined X% share of total imports. These countries were followed by Romania, Canada and Argentina, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2009 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 Canada ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, 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 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), with a combined 58% share 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), with a combined 56% share of global production. India, Ukraine, the U.S., France, Ethiopia, Australia, Lithuania and Spain lagged somewhat behind, together comprising a further 31%.

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

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In value terms, Russia ($16M), Ukraine ($12M) and France ($3.7M) were the largest dry peas suppliers to Italy, together accounting for 70% of total imports. These countries were followed by Romania, Canada and Argentina, which together accounted for a further 12%.

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

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In value terms, the largest markets for dry peas exported from Italy were France ($826K), Germany ($564K) and the Netherlands ($461K), together comprising 40% of total exports. The UK, Japan, Portugal, Saudi Arabia, Mauritania, Morocco, Benin, Switzerland, Qatar and Cote d'Ivoire lagged somewhat behind, together comprising a further 37%.

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

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In 2019, the average dry peas export price amounted to $1,064 per tonne, jumping by 65% against the previous year.

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

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In 2019, the average dry peas import price amounted to $290 per tonne, picking up by 1.6% against the previous year.