Singapore: Green Peas Market Overview 2021

Green Peas Market Size in Singapore

The Singaporean green peas market rose to $X in 2019, increasing 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Green Peas Exports

Exports from Singapore

In 2019, after three years of decline, there was significant growth in shipments abroad of peas (green), when their volume increased by X% to X tonnes. Over the period under review, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

In value terms, green peas exports expanded remarkably to $X in 2019. In general, exports, however, saw a perceptible reduction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes), Bangladesh (X tonnes) and Cambodia (X kg) were the main destinations of green peas exports from Singapore, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Bangladesh, while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X) remains the key foreign market for green peas exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports. It was followed by Brunei Darussalam, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Malaysia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Brunei Darussalam (-X% per year).

Export Prices by Country

The average green peas export price stood at $X per tonne in 2019, stabilizing at the previous year. In general, the export price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brunei Darussalam ($X per tonne), while the average price for exports to Sri Lanka ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Singapore

In 2019, approx. X tonnes of peas (green) were imported into Singapore; approximately reflecting 2018 figures. Over the period under review, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports remained at a lower figure.

In value terms, green peas imports rose to $X in 2019. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest green peas supplier to Singapore, with a X% share of total imports. Moreover, green peas imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tonnes), fivefold. The third position in this ranking was occupied by Myanmar (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Myanmar (+X% per year).

In value terms, China ($X) constituted the largest supplier of green peas to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2007 to 2019, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

The average green peas import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Malaysia ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, 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 (green) in the world?

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China (13M tonnes) remains the largest green peas consuming country worldwide, accounting for 61% of total volume. Moreover, green peas consumption in China exceeded the figures recorded by the second-largest consumer, India (5.6M tonnes), twofold.

What are the largest producers of peas (green) in the world?

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China (13M tonnes) constituted the country with the largest volume of green peas production, comprising approx. 61% of total volume. Moreover, green peas production in China exceeded the figures recorded by the second-largest producer, India (5.6M tonnes), twofold.

What are the leading suppliers of peas (green) to Singapore?

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In value terms, China ($1.1M) constituted the largest supplier of green peas to Singapore, comprising 72% of total imports. The second position in the ranking was occupied by Malaysia ($314K), with a 21% share of total imports. It was followed by Myanmar, with a 2.6% share.

What are the leading importers of peas (green) from Singapore?

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In value terms, Malaysia ($12K) remains the key foreign market for green peas exports from Singapore, comprising 58% of total exports. The second position in the ranking was occupied by Bangladesh ($5.1K), with a 24% share of total exports. It was followed by Brunei Darussalam, with a 11% share.

What is the average export price for peas (green) in Singapore?

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The average green peas export price stood at $2,448 per tonne in 2019, leveling off at the previous year.

What is the average import price for peas (green) in Singapore?

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In 2019, the average green peas import price amounted to $3,144 per tonne, rising by 4.2% against the previous year.