Japan: Dry Peas Market Overview 2021

Dry Peas Market Size in Japan

The Japanese dry peas market expanded notably to $X in 2019, surging by X% against the previous year. Overall, the total consumption indicated strong growth from 2007 to 2019: its value 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, consumption decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Dry peas consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Dry Peas Production in Japan

In value terms, dry peas production reached $X in 2019 estimated in export prices. Over the period under review, the total production indicated a notable increase from 2007 to 2019: its value 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, production decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2008 when the production volume increased by X% y-o-y. Dry peas production peaked at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

The average yield of peas (dry) in Japan stood at X tonnes per ha in 2019, approximately reflecting 2018. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The dry peas yield peaked at X tonnes per ha in 2014; however, from 2015 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the dry peas harvested area in Japan was estimated at X ha, almost unchanged from 2018 figures. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2009 to 2019, the growth of the dry peas harvested area remained at a lower figure.

Dry Peas Exports

Exports from Japan

In 2019, overseas shipments of peas (dry) were finally on the rise to reach X tonnes after two years of decline. In general, exports posted a measured expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, dry peas exports rose markedly to $X in 2019. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes) was the main destination for dry peas exports from Japan, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to China totaled +X%.

From 2007 to 2019, the average annual rate of growth in terms of value to China totaled +X%.

Export Prices by Country

In 2019, the average dry 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 temperate expansion from 2007 to 2019: its price 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, dry peas export price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Dry Peas Imports

Imports into Japan

In 2019, overseas purchases 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, total imports indicated a modest increase from 2007 to 2019: its volume 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, imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, dry peas imports soared to $X in 2019. Overall, total imports indicated resilient growth 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 decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

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. These countries were followed by New Zealand, Australia and Italy, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy, while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, the U.S. saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average dry peas import price amounted to $X per tonne, growing by X% against the previous year. In general, import price indicated resilient growth from 2007 to 2019: its price 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, dry peas import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. The import price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, 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 countries with the highest volumes of dry peas consumption in 2019 were India (4.5M tonnes), China (3.7M tonnes) and Russia (2M tonnes), together accounting for 58% 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), together accounting for 56% of global production. India, Ukraine, the U.S., France, Ethiopia, Australia, Lithuania and Spain lagged somewhat behind, together accounting for a further 31%.

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. ($5.7M), Canada ($4.5M) and the UK ($3.1M), with a combined 82% share of total imports.

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

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The average dry peas export price stood at $422 per tonne in 2019, rising by 3% against the previous year.

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

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In 2019, the average dry peas import price amounted to $917 per tonne, surging by 17% against the previous year.