Global Dry Peas Market Overview 2021

Dry Peas Market Size

For the third year in a row, the global dry peas market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the global market reached the peak level in 2020 and is likely to continue growth in the immediate term.

Dry Peas Production

In value terms, dry peas production expanded sharply to $X in 2020 estimated in export prices. In general, production posted a buoyant increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Over the period under review, global production attained the peak level in 2020 and is likely to see steady growth in years to come.

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

The global average dry peas yield expanded modestly to X tonnes per ha in 2020, growing by X% on the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the average dry peas yield attained the peak level in 2020 and is likely to see gradual growth in years to come. 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) expanded modestly to X ha, picking up by X% compared with the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. The global harvested area peaked at X ha in 2017; however, from 2018 to 2020, the harvested area failed to regain the momentum.

Production By Country

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

From 2007 to 2020, the most notable rate of growth in terms of dry peas production, amongst the leading 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, shipments abroad of peas (dry) was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. In general, total exports indicated a pronounced increase from 2007 to 2020: its volume 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 2009 with an increase of X% y-o-y. Over the period under review, global exports reached the peak figure at X tonnes in 2017; afterwards, it flattened through to 2020.

In value terms, dry peas exports rose significantly to $X in 2020. Overall, total exports indicated tangible 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. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Over the period under review, global exports reached the maximum at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada prevails in dry peas exports structure, reaching X tonnes, which was near X% of total exports in 2020. Russia (X tonnes) took the second position in the ranking, followed by the U.S. (X tonnes). All these countries together occupied approx. X% share of total exports. France (X tonnes), Ukraine (X tonnes) and Lithuania (X tonnes) held a little share of total exports.

Exports from Canada increased at an average annual rate of +X% from 2007 to 2020. At the same time, Lithuania (+X%), Russia (+X%), Ukraine (+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. Canada (+X p.p.), Russia (+X p.p.) and Lithuania (+X p.p.) significantly strengthened its position in terms of the global exports, while the U.S. and France saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest dry peas supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($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 stood at +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

In 2020, the average dry peas export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Lithuania ($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 more modest paces of growth.

Dry Peas Imports

Imports

After four years of growth, overseas purchases of peas (dry) decreased by -X% to X tonnes in 2020. Overall, imports, however, enjoyed a measured expansion. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, global imports reached the maximum at X tonnes in 2019, and then fell significantly in the following year.

In value terms, dry peas imports dropped significantly to $X in 2020. Over the period under review, total imports indicated a perceptible expansion 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 was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2019, and then fell sharply in the following year.

Imports by Country

China represented the major importing country with an import of about X tonnes, which resulted at X% of total imports. Pakistan (X tonnes) took the second position in the ranking, followed by Bangladesh (X tonnes). All these countries together occupied approx. X% share of total imports. Belgium (X tonnes), Italy (X tonnes), Spain (X tonnes), Germany (X tonnes), the U.S. (X tonnes), the Netherlands (X tonnes), India (X tonnes) and Norway (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to dry peas imports into China stood at +X%. At the same time, Pakistan (+X%), Norway (+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. By contrast, India (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the global imports, while India saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

The average dry peas import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, 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

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (dry) in the world?

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China (5.9M tonnes) constituted the country with the largest volume of dry peas consumption, comprising approx. 36% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Russia (2M tonnes), threefold. India (922K tonnes) ranked third in terms of total consumption with a 5.6% share.

What are the largest producers of peas (dry) in the world?

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The countries with the highest volumes of dry peas production in 2020 were Canada (4.4M tonnes), China (3M tonnes) and Russia (2.6M tonnes), together comprising 60% of global production.

What are the leading exporters of peas (dry) in the world?

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In value terms, Canada ($1.1B) remains the largest dry peas supplier worldwide, comprising 53% of global exports. The second position in the ranking was occupied by the U.S. ($227M), with a 11% share of global exports. It was followed by Russia, with a 8.6% share.

What are the leading importers of peas (dry) in the world?

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In value terms, China ($821M) constitutes the largest market for imported peas (dry) worldwide, comprising 39% of global imports. The second position in the ranking was occupied by Pakistan ($249M), with a 12% share of global imports. It was followed by Bangladesh, with a 6.3% share.

What is the average export price for peas (dry) in the world?

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The average dry peas export price stood at $327 per tonne in 2020, growing by 4.8% against the previous year.

What is the average import price for peas (dry) in the world?

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The average dry peas import price stood at $335 per tonne in 2020, growing by 4% against the previous year.