MERCOSUR: Pigeon Peas Market 2024

Pigeon Peas Market Size in MERCOSUR

The MERCOSUR pigeon peas market totaled $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Pigeon Peas Production in MERCOSUR

In value terms, pigeon peas production declined slightly to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Colombia (X tons), Ecuador (X tons) and Venezuela (X tons), with a combined X% share of total production. These countries were followed by Peru, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Peru (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of pigeon peas in MERCOSUR amounted to X tons per ha, picking up by X% compared with 2021 figures. The yield indicated moderate growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pigeon peas yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the pigeon peas yield hit record highs at X tons per ha in 2020; however, from 2021 to 2022, 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 2022, the harvested area of pigeon peas in MERCOSUR dropped slightly to X ha, standing approx. at the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Pigeon Peas Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded decline in shipments abroad of pigeon peas, which decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pigeon peas exports rose slightly to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Peru (X tons) represented the major exporter of pigeon peas, making up X% of total exports. It was distantly followed by Ecuador (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%).

In value terms, Peru ($X) remains the largest pigeon peas supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

In Peru, pigeon peas exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pigeon peas export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Pigeon Peas Imports

Imports in MERCOSUR

For the third consecutive year, MERCOSUR recorded decline in overseas purchases of pigeon peas, which decreased by X% to X tons in 2022. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, pigeon peas imports fell slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of pigeon peas imports in 2022 were Peru (X tons), together accounting for X% of total import.

Peru was also the fastest-growing in terms of the pigeon peas imports, with a CAGR of X% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported pigeon peas in MERCOSUR.

In Peru, pigeon peas imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to X% per year.

Source: IndexBox Platform

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