Global Dry Peas Market Overview 2021

Dry Peas Market Size

The global dry peas market contracted to $X in 2020, which is down by -X% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2019, and then reduced in the following year.

Dry Peas Production

In value terms, dry peas production expanded to $X in 2020 estimated in export prices. Over the period under review, the total production indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, global production attained the maximum level in 2020 and is expected to retain growth in the immediate term.

The countries with the highest volumes of dry peas production in 2020 were Canada (X tonnes), Russia (X tonnes) and China (X tonnes), with a combined X% share of global production.

From 2007 to 2020, the biggest increases were in Russia, while dry peas production for the other global leaders experienced more modest paces of growth.

In 2020, the global average dry peas yield was estimated at X tonnes per ha, increasing by X% compared with 2019. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2011 when the yield increased by X% year-to-year. The global yield peaked at X tonnes per ha in 2016; however, from 2017 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the global harvested area of peas (dry) amounted to X ha, with an increase of X% against the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. from 2018 to 2020, the growth of the global dry peas harvested area remained at a lower figure.

Production by Country

The countries with the highest volumes of dry peas production in 2020 were Canada (X tonnes), Russia (X tonnes) and China (X tonnes), together accounting for X% of global production.

From 2007 to 2020, the most notable rate of growth in terms of dry peas production, amongst the main producing countries, was attained by Russia, while dry peas production for the other global leaders experienced more modest paces of growth.

Dry Peas Exports

Exports

In 2020, after two years of decline, there was significant growth in overseas shipments of peas (dry), when their volume increased by X% to X tonnes. Overall, total exports indicated pronounced growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, global exports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, dry peas exports expanded significantly to $X in 2020. in general, total exports indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, global exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Canada was the main exporter of peas (dry) in the world, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2020. Russia (X tonnes) took the second position in the ranking, followed by the U.S. (X tonnes) and Ukraine (X tonnes). All these countries together occupied approx. X% share of total exports. France (X tonnes) and Lithuania (X tonnes) followed a long way behind the leaders.

Exports from Canada increased at an average annual rate of +X% from 2007 to 2020. at the same time, Lithuania (+X%), Ukraine (+X%), Russia (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. by contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Russia, Ukraine, Canada and Lithuania increased by +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) and France (-X p.p.) saw their share reduced.

In value terms, Canada ($X) remains the largest dry peas supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Canada totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Russia (+X% per year).

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2020, flattening at the previous year. Overall, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced mixed trends in the export price figures.

Dry Peas Imports

Imports

After four years of growth, purchases abroad of peas (dry) decreased by -X% to X tonnes in 2020. Overall, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, global imports attained the maximum at X tonnes in 2019, and then plummeted in the following year.

In value terms, dry peas imports reduced notably to $X in 2020. in general, total imports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Global imports peaked at $X in 2019, and then declined remarkably in the following year.

Imports by Country

In 2020, China (X tonnes) was the major importer of peas (dry), creating X% of total imports. Bangladesh (X tonnes) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%). Belgium (X tonnes), Italy (X tonnes), Spain (X tonnes), Germany (X tonnes), Norway (X tonnes), the U.S. (X tonnes), the Netherlands (X tonnes) and Ethiopia (X tonnes) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. at the same time, Pakistan (+X%), Norway (+X%), Ethiopia (+X%), Germany (+X%), Italy (+X%), Spain (+X%), the U.S. (+X%), Bangladesh (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. The Netherlands experienced a relatively flat trend pattern. From 2007 to 2020, the share of China and Pakistan increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported peas (dry) worldwide, comprising X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the average dry peas import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Global import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform