South-Eastern Asia: Chick Peas Market 2024

Chick Peas Market Size in South-Eastern Asia

In 2023, the Southeast Asian chick peas market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption, however, recorded a pronounced setback. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Chick Peas Production in South-Eastern Asia

In value terms, chick peas production totaled $X in 2023 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Myanmar (X tons) constituted the country with the largest volume of chick peas production, accounting for X% of total volume.

From 2012 to 2023, the average annual rate of growth in terms of volume in Myanmar stood at X%.

In 2023, the average chick peas yield in South-Eastern Asia reduced to X tons per ha, leveling off at the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the chick peas yield reached the peak level at X tons per ha in 2016; however, from 2017 to 2023, 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.

The chick peas harvested area amounted to X ha in 2023, with an increase of X% compared with 2022 figures. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2023, the growth of the chick peas harvested area remained at a somewhat lower figure.

Chick Peas Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of chick peas decreased by X% to X tons, falling for the fifth consecutive year after five years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, chick peas exports declined sharply to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Myanmar prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. The following exporters - Malaysia (X tons) and Singapore (X tons) - each reached a X% share of total exports.

Myanmar experienced a relatively flat trend pattern with regard to volume of exports of chick peas. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Myanmar increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest chick peas supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

In Myanmar, chick peas exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Chick Peas Imports

Imports in South-Eastern Asia

In 2023, imports of chick peas in South-Eastern Asia rose remarkably to X tons, with an increase of X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, chick peas imports reached $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Malaysia (X tons) was the major importer of chick peas, creating X% of total imports. Singapore (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%) and Thailand (X%). The following importers - Vietnam (X tons), Indonesia (X tons) and Brunei Darussalam (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported chick peas in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Malaysia, chick peas imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Thailand ($X per ton) and Brunei Darussalam ($X per ton), while Singapore ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform