South-Eastern Asia: Pigeon Peas Market 2024

Pigeon Peas Market Size in South-Eastern Asia

In 2022, the Southeast Asian pigeon peas market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Pigeon Peas Production in South-Eastern Asia

In value terms, pigeon peas production rose to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The country with the largest volume of pigeon peas production was Myanmar (X tons), accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Myanmar amounted to X%.

In 2022, the average yield of pigeon peas in South-Eastern Asia declined to X kg per ha, flattening at the year before. Over the period under review, the yield saw a slight descent. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. The level of yield peaked at X kg per ha in 2016; however, from 2017 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 pigeon peas were harvested in South-Eastern Asia; remaining relatively unchanged against 2021. In general, the harvested area showed a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to pigeon peas production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

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Pigeon Peas Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of pigeon peas increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pigeon peas exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of pigeon peas, namely Myanmar, represented more than two-thirds of total export.

Myanmar was also the fastest-growing in terms of the pigeon peas exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) also remains the largest pigeon peas supplier in South-Eastern Asia.

In Myanmar, pigeon peas exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to X% per year.

Pigeon Peas Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of pigeon peas were imported in South-Eastern Asia; which is down by X% compared with 2021 figures. In general, imports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, pigeon peas imports dropped significantly to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons) and Singapore (X tons) dominates imports structure, together achieving X% of total imports. It was distantly followed by Thailand (X tons), generating a X% share of total imports. The Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Philippines lagged somewhat behind, accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated temperate growth 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, pigeon peas import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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