Ukraine: Dry Peas Market 2024

Dry Peas Market Size in Ukraine

The Ukrainian dry peas market surged to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Dry peas consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Dry Peas Production in Ukraine

In value terms, dry peas production expanded notably to $X in 2023 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

In 2023, the average yield of peas (dry) in Ukraine reached X tons per ha, with an increase of X% compared with 2022 figures. In general, the yield indicated noticeable growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, dry peas yield decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average dry peas yield attained 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.

In 2023, the dry peas harvested area in Ukraine surged to X ha, increasing by X% compared with the previous year. In general, the harvested area, however, showed a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production reached the peak figure at X ha in 2018; however, from 2019 to 2023, the harvested area remained at a lower figure.

Dry Peas Exports

Exports from Ukraine

In 2023, overseas shipments of peas (dry) were finally on the rise to reach X tons for the first time since 2018, thus ending a four-year declining trend. In general, exports recorded moderate growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, dry peas exports soared to $X in 2023. Overall, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. 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

Turkey (X tons) was the main destination for dry peas exports from Ukraine, accounting for a X% share of total exports. Moreover, dry peas exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bangladesh (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average dry peas export price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into Ukraine

In 2023, purchases abroad of peas (dry) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, dry peas imports reduced modestly to $X in 2023. In general, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of dry peas imports to Ukraine, with a combined X% share of total imports. Poland, China, France, Argentina and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest dry peas suppliers to Ukraine were Germany ($X), Hungary ($X) and the Czech Republic ($X), with a combined X% share of total imports. China, France, Poland, Argentina and Austria lagged somewhat behind, together comprising a further X%.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average dry peas import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated modest growth from 2012 to 2023: its price 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, dry peas import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform