Saudi Arabia: Dry Peas Market Overview 2021

Dry Peas Market Size in Saudi Arabia

In 2020, after two years of growth, there was significant decline in the Saudi dry peas market, when its value decreased by -X% to $X. In general, consumption showed a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Dry peas consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Dry Peas Exports

Exports from Saudi Arabia

In 2020, shipments abroad of peas (dry) increased by X% to X tonnes for the first time since 2012, thus ending a seven-year declining trend. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, dry peas exports surged to $X in 2020. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

India (X tonnes) was the main destination for dry peas exports from Saudi Arabia, with a X% share of total exports. Moreover, dry peas exports to India exceeded the volume sent to the second major destination, Yemen (X tonnes), twofold. The third position in this ranking was occupied by Qatar (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+X% per year) and Qatar (+X% per year).

In value terms, India ($X) remains the key foreign market for dry peas exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2007 to 2020, the average annual growth rate of value to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Yemen (+X% per year).

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Overall, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Yemen ($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 Bahrain, while the prices for the other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into Saudi Arabia

After two years of growth, overseas purchases of peas (dry) decreased by -X% to X tonnes in 2020. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, dry peas imports shrank markedly to $X in 2020. Over the period under review, imports saw a slight decline. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tonnes), the U.S. (X tonnes) and Canada (X tonnes) were the main suppliers of dry peas imports to Saudi Arabia, together accounting for X% of total imports. These countries were followed by Russia, Argentina, Ukraine and Yemen, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Yemen (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to Saudi Arabia were the United Arab Emirates ($X), the U.S. ($X) and Canada ($X), together accounting for X% of total imports. Russia, Argentina, Ukraine and Yemen lagged somewhat behind, together comprising a further X the main suppliers, Yemen (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average dry peas import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, import price indicated a modest increase 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 increased by +X% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, 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), accounting for 36% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Russia (2M tonnes), threefold. India (922K tonnes) ranked third in terms of total consumption 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), with a combined 60% share of global production.

What are the leading suppliers of peas (dry) to Saudi Arabia?

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In value terms, the largest dry peas suppliers to Saudi Arabia were the United Arab Emirates ($956K), the U.S. ($836K) and Canada ($649K), together comprising 76% of total imports. Russia, Argentina, Ukraine and Yemen lagged somewhat behind, together accounting for a further 12%.

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

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In value terms, India ($9.4K) remains the key foreign market for dry peas exports from Saudi Arabia, comprising 57% of total exports. The second position in the ranking was occupied by Qatar ($2.8K), with a 17% share of total exports. It was followed by Yemen, with a 10% share.

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

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The average dry peas export price stood at $683 per tonne in 2020, which is down by -4.6% against the previous year.

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

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In 2020, the average dry peas import price amounted to $458 per tonne, waning by -2.4% against the previous year.