Southern Asia: Green Peas Market 2024

Green Peas Market Size in Southern Asia

In 2022, the South Asian green peas market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Green Peas Production in Southern Asia

In value terms, green peas production stood at $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

India (X tons) remains the largest green peas producing country in Southern Asia, accounting for X% of total volume. Moreover, green peas production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), more than tenfold.

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

The average green peas yield expanded to X tons per ha in 2022, growing by X% against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the yield increased by X%. Over the period under review, the green peas yield reached the peak level in 2022 and is expected to retain growth in the near future. 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 peas (green) were harvested in Southern Asia; approximately equating the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to green peas production reached the maximum in 2022 and is expected to retain growth in the near future.

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Green Peas Exports

Exports in Southern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of peas (green), when their volume increased by X% to X tons. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, green peas exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons) and Bhutan (X tons), together comprising a X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to green peas exports from India stood at X%. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bhutan (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.), Bhutan (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) emerged as the largest green peas supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

In India, green peas exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while India ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports in Southern Asia

In 2022, overseas purchases of peas (green) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, green peas imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Pakistan prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Nepal (X tons), creating a X% share of total imports. Bhutan (X tons), Maldives (X tons), Bangladesh (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

Imports into Pakistan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%), Bangladesh (X%) and Bhutan (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%) and Afghanistan (X%) illustrated a downward trend over the same period. Maldives (X p.p.), Bhutan (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Afghanistan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported peas (green) in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Bhutan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Pakistan amounted to X%. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Bhutan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform