Peru: Green Peas Market 2024

Green Peas Market Size in Peru

The Peruvian green peas market totaled $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Green Peas Production in Peru

In value terms, green peas production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The average yield of peas (green) in Peru was estimated at X tons per ha in 2022, picking up by X% against 2021. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the average green peas yield hit record highs at X tons per ha in 2018; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area in Peru rose slightly to X ha in 2022, growing by X% on the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green peas production attained the maximum in 2022 and is likely to continue growth in years to come.

Green Peas Exports

Exports from Peru

For the fifth consecutive year, Peru recorded growth in overseas shipments of peas (green), which increased by X% to X tons in 2022. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, green peas exports dropped slightly to $X in 2022. Overall, total exports indicated a strong 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 increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

The United States (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of green peas exports from Peru, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for green peas exported from Peru were the United States ($X), the UK ($X) and the Netherlands ($X), together accounting for X% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, 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

The average green peas export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 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 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Peru

In 2022, overseas purchases of peas (green) decreased by X% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, green peas imports dropped markedly to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of green peas to Peru, with a X% share of total imports. Moreover, green peas imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of peas (green) to Peru, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

The average green peas import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the United States stood at $X per ton.

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

Source: IndexBox Platform