Pakistan: Dry Peas Market 2024

Dry Peas Market Size in Pakistan

In 2022, the Pakistani dry peas market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, showed strong growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted rapidly in the following year.

Dry Peas Production in Pakistan

In value terms, dry peas production expanded notably to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of peas (dry) in Pakistan totaled X kg per ha in 2022, stabilizing at the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per ha. From 2014 to 2022, the growth of the average dry peas yield remained at a lower figure. 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 Pakistan shrank modestly to X ha in 2022, leveling off at 2021. Overall, the harvested area recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Dry Peas Exports

Exports from Pakistan

In 2022, overseas shipments of peas (dry) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, dry peas exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal (X tons), Sri Lanka (X tons) and Kyrgyzstan (X tons) were the main destinations of dry peas exports from Pakistan, together comprising X% of total exports. Tajikistan and Mauritius lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of X.0%), while the other leaders experienced mixed trend patterns.

In value terms, Sri Lanka ($X) emerged as the key foreign market for peas (dry) exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Sri Lanka amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the average dry peas export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Pakistan

In 2022, purchases abroad of peas (dry) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, dry peas imports fell remarkably to $X in 2022. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of dry peas to Pakistan, accounting for a X% share of total imports. Moreover, dry peas imports from Russia exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Canada (X% per year).

In value terms, Russia ($X), Australia ($X) and Canada ($X) were the largest dry peas suppliers to Pakistan, with a combined X% share of total imports. Myanmar, Tanzania, Sudan, the United States, Ukraine and Ethiopia lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, the average dry peas import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a mild expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform