Portugal: Dry Peas Market Overview 2021

Dry Peas Market Size in Portugal

The Portuguese dry peas market soared to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a noticeable increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Dry Peas Exports

Exports from Portugal

In 2020, after two years of decline, there was significant growth in overseas shipments of peas (dry), when their volume increased by X% to X tonnes. Overall, exports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, dry peas exports soared to $X in 2020. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Spain (X tonnes) was the main destination for dry peas exports from Portugal, with a X% share of total exports. Moreover, dry peas exports to Spain exceeded the volume sent to the second major destination, France (X tonnes), sixfold.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Belgium (+X% per year).

In value terms, Spain ($X) remains the key foreign market for dry peas exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Belgium (+X% per year).

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price showed a tangible increase. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Spain ($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 Spain, while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Portugal

Dry peas imports into Portugal surged to X tonnes in 2020, increasing by X% against 2019. Overall, total imports indicated a modest increase from 2007 to 2020: its volume 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, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2013 to 2020, the growth imports remained at a lower figure.

In value terms, dry peas imports soared to $X in 2020. Over the period under review, imports posted moderate growth. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest dry peas supplier to Portugal, with a X% share of total imports. Moreover, dry peas imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. Argentina (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Argentina (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of dry peas to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, import price indicated noticeable 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 decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, 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), comprising approx. 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 Portugal?

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In value terms, Spain ($2M) constituted the largest supplier of dry peas to Portugal, comprising 61% of total imports. The second position in the ranking was occupied by Germany ($364K), with a 11% share of total imports. It was followed by France, with a 11% share.

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

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In value terms, Spain ($95K) remains the key foreign market for dry peas exports from Portugal, comprising 65% of total exports. The second position in the ranking was occupied by France ($34K), with a 23% share of total exports.

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

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The average dry peas export price stood at $541 per tonne in 2020, rising by 14% against the previous year.

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

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In 2020, the average dry peas import price amounted to $625 per tonne, growing by 8.5% against the previous year.