Russian Federation: Dry Peas Market 2024

Dry Peas Market Size in the Russian Federation

In 2022, the Russian 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 saw resilient growth. Dry peas consumption peaked at $X in 2021, and then shrank modestly in the following year.

Dry Peas Production in the Russian Federation

In value terms, dry peas production shrank significantly to $X in 2022 estimated in export price. Overall, production posted a measured expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

In 2022, the average dry peas yield in Russia reduced modestly to X tons per ha, standing approx. at the previous year's figure. In general, the yield indicated notable 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, dry peas yield increased by X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The dry peas yield peaked at X tons per ha in 2017; however, from 2018 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, approx. X ha of peas (dry) were harvested in Russia; picking up by X% compared with the year before. Over the period under review, the total harvested area indicated a measured expansion 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, dry peas harvested area increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The dry peas harvested area peaked in 2022 and is expected to retain growth in the immediate term.

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Dry Peas Exports

Exports from the Russian Federation

In 2022, exports of peas (dry) from Russia was estimated at X tons, with an increase of X% compared with the year before. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, dry peas exports skyrocketed to $X in 2022. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for dry peas exports from Russia, accounting for a X% share of total exports. Moreover, dry peas exports to Turkey exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Latvia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average dry peas export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Kazakhstan ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into the Russian Federation

Dry peas imports into Russia surged to X tons in 2022, rising by X% against 2021 figures. Over the period under review, imports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, dry peas imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest dry peas supplier to Russia, accounting for a X% share of total imports. Moreover, dry peas imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and the United Arab Emirates (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average dry peas import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform