Japan: Dry Peas Market Overview 2021

Dry Peas Market Size in Japan

The Japanese dry peas market totaled $X in 2020, growing by X% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2018 to 2020, the growth of the market remained at a lower figure.

Dry Peas Production in Japan

In value terms, dry peas production rose remarkably to $X in 2020 estimated in export prices. Overall, the total production indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

The average yield of peas (dry) in Japan stood at X tonnes per ha in 2020, remaining stable against the previous year. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the average dry peas yield attained the maximum level in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The dry peas harvested area in Japan shrank modestly to X ha in 2020, almost unchanged from 2019. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, the harvested area attained the peak level of X ha. From 2009 to 2020, the growth of the dry peas harvested area remained at a somewhat lower figure.

Dry Peas Exports

Exports from Japan

In 2020, approx. X tonnes of peas (dry) were exported from Japan; jumping by X% on 2019. Over the period under review, exports enjoyed a significant expansion. Over the period under review, exports reached the peak figure at X tonnes in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, dry peas exports soared to $X in 2020. In general, exports posted a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for dry peas exports from Japan, accounting for a X% share of total exports. Moreover, dry peas exports to the U.S. exceeded the volume sent to the second major destination, Canada (X tonnes), threefold. The third position in this ranking was occupied by Hong Kong SAR (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, the largest markets for dry peas exported from Japan were Hong Kong SAR ($X), Denmark ($X) and Canada ($X), with a combined X% share of total exports. These countries were followed by China, Senegal, Italy and the U.S., which together accounted for a further X the main countries of destination, Senegal (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average dry peas export price amounted to $X per tonne, growing by X% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2017 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Japan

In 2020, after two years of decline, there was growth in overseas purchases of peas (dry), when their volume increased by X% to X tonnes. In general, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2018 to 2020, the growth imports remained at a lower figure.

In value terms, dry peas imports stood at $X in 2020. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

Canada (X tonnes), the U.S. (X tonnes) and the UK (X tonnes) were the main suppliers of dry peas imports to Japan, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Canada ($X) and the UK ($X) appeared to be the largest dry peas suppliers to Japan, together accounting for X% of total imports.

The U.S. recorded the highest rates of growth with regard to 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

In 2020, the average dry peas import price amounted to $X per tonne, with an increase of X% against the previous year. In general, import price indicated resilient growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, dry peas import price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (dry) in the world?

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The country with the largest volume of dry peas consumption was China (5.9M tonnes), accounting for 36% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Russia (2M tonnes), threefold. The third position in this ranking was occupied by India (922K tonnes), with a 5.6% share.

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 2020 were Canada (4.4M tonnes), China (3M tonnes) and Russia (2.6M tonnes), together comprising 60% of global production.

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

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In value terms, the largest dry peas suppliers to Japan were the U.S. ($7M), Canada ($6.4M) and the UK ($2M), with a combined 86% share of total imports.

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

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In value terms, the largest markets for dry peas exported from Japan were Hong Kong SAR ($17K), Denmark ($9.1K) and Canada ($5.3K), together accounting for 55% of total exports. These countries were followed by China, Senegal, Italy and the U.S., which together accounted for a further 29%.

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

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The average dry peas export price stood at $1,106 per tonne in 2020, picking up by 25% against the previous year.

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

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In 2020, the average dry peas import price amounted to $953 per tonne, growing by 4.4% against the previous year.