South-Eastern Asia: Green Peas Market 2024

Green Peas Market Size in South-Eastern Asia

In 2022, the Southeast Asian green peas market increased by X% to $X, rising for the fourth consecutive year after six years of decline. Over the period under review, consumption, however, recorded a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Green Peas Production in South-Eastern Asia

In value terms, green peas production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were the Philippines (X tons), Thailand (X tons) and Vietnam (X tons), with a combined X% share of total production. Indonesia and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average green peas yield in South-Eastern Asia contracted to X tons per ha, which is down by X% against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the green peas yield remained at a 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, the total area harvested in terms of peas (green) production in South-Eastern Asia amounted to X ha, remaining relatively unchanged against the year before. Overall, the harvested area, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Green Peas Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of peas (green) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, green peas exports expanded to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and Thailand (X tons) represented the key exporters of peas (green) in 2022, amounting to approx. X% and X% of total exports, respectively. It was distantly followed by Malaysia (X tons), constituting an X% share of total exports. Myanmar (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) remains the largest green peas supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (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 2022, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports in South-Eastern Asia

In 2022, imports of peas (green) in South-Eastern Asia reached X tons, surging by X% compared with 2021. Overall, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, green peas imports surged to $X in 2022. Over the period under review, imports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) was the largest importer of peas (green), committing X% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Indonesia (X tons) and Singapore (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to green peas imports into Thailand stood at X%. Singapore experienced a relatively flat trend pattern. Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, the largest green peas importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Import price indicated a resilient increase from 2012 to 2022: its price 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, green peas import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform