Global Dry Peas Market 2022

Dry Peas Market Size

In 2021, the global dry peas market decreased by -X% to $X, falling for the fifth year in a row after five years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the global market remained at a lower figure.

Dry Peas Production

In value terms, dry peas production rose modestly to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2017 to 2021, global production growth remained at a somewhat lower figure.

The countries with the highest volumes of dry peas production in 2021 were Canada (X tonnes), Russia (X tonnes) and China (X tonnes), with a combined X% share of global production. The United States, India, France, Ukraine, Ethiopia, Lithuania and Germany lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Lithuania (+X%), while dry peas production for the other global leaders experienced more modest paces of growth.

In 2021, the global average dry peas yield shrank to X tonnes per ha, dropping by -X% compared with the previous year. The yield figure increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the average dry peas yield reached the maximum level at X tonnes per ha in 2020, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of peas (dry) were harvested worldwide; increasing by X% against the previous year's figure. In general, the harvested area continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. The global harvested area peaked at X ha in 2017; however, from 2018 to 2021, the harvested area stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of dry peas production in 2021 were Canada (X tonnes), Russia (X tonnes) and China (X tonnes), with a combined X% share of global production. The United States, India, France, Ukraine, Ethiopia, Lithuania and Germany lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of dry peas production, amongst the leading producing countries, was attained by Lithuania (+X%), while dry peas production for the other global leaders experienced more modest paces of growth.

Dry Peas Exports

Exports

Global dry peas exports reduced to X tonnes in 2021, with a decrease of -X% on the previous year's figure. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. The global exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry peas exports rose rapidly to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Over the period under review, the global exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Canada represented the largest exporter of peas (dry) in the world, with the volume of exports resulting at X tonnes, which was near X% of total exports in 2021. Russia (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by the United States (X%) and Ukraine (X%). France (X tonnes), Australia (X tonnes), Belgium (X tonnes) and Lithuania (X tonnes) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dry peas exports from Canada stood at +X%. At the same time, Belgium (+X%), Lithuania (+X%), Russia (+X%) and Ukraine (+X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, France (-X%) and Australia (-X%) illustrated a downward trend over the same period. While the share of Russia (+X p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the United States (-X p.p.), Australia (-X p.p.) and France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Canada, dry peas exports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (+X% per year) and the United States (+X% per year).

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price, however, showed a mild setback. The global export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while Australia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the other global leaders experienced mixed trends in the export price figures.

Dry Peas Imports

Imports

After two years of growth, overseas purchases of peas (dry) decreased by -X% to X tonnes in 2021. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Global imports peaked at X tonnes in 2020, and then reduced in the following year.

In value terms, dry peas imports contracted to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

China was the key importer of peas (dry) in the world, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2021. Bangladesh (X tonnes) ranks second in terms of the total imports with an X% share, followed by the United States (X%). The following importers - Belgium (X tonnes), Italy (X tonnes), Turkey (X tonnes), Germany (X tonnes), Norway (X tonnes), Spain (X tonnes), the Netherlands (X tonnes) and the United Arab Emirates (X tonnes) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, the United States (+X%), Norway (+X%), the United Arab Emirates (+X%), Bangladesh (+X%), Germany (+X%), Italy (+X%), Belgium (+X%), Turkey (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. By contrast, Spain (-X%) illustrated a downward trend over the same period. China (+X p.p.), Bangladesh (+X p.p.) and the United States (+X p.p.) significantly strengthened its position in terms of the global imports, while Spain saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Bangladesh (+X% per year) and the United States (+X% per year).

Import Prices by Country

In 2021, the average dry peas import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform