Asia: Dry Peas Market 2024

Dry Peas Market Size in Asia

The Asian dry peas market rose to $X in 2023, increasing by X% against the previous year. The total consumption indicated a mild expansion 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Dry Peas Production in Asia

In value terms, dry peas production dropped dramatically to $X in 2023 estimated in export price. Over the period under review, production showed a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were China (X tons), India (X tons) and Kazakhstan (X tons), with a combined X% share of total production.

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

The average dry peas yield was estimated at X tons per ha in 2023, leveling off at the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the yield increased by X%. Over the period under review, the dry peas yield reached the peak level at X tons per ha in 2020; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of peas (dry) production in Asia dropped modestly to X ha, with a decrease of X% compared with 2022. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2023, the growth of the dry peas harvested area remained at a somewhat lower figure.

Dry Peas Exports

Exports in Asia

After two years of growth, overseas shipments of peas (dry) decreased by X% to X tons in 2023. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, dry peas exports fell notably to $X in 2023. Overall, exports, however, showed a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Turkey represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%) and Kyrgyzstan (X%). The United Arab Emirates (X tons) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%), India (X%), Kazakhstan (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Turkey (X p.p.), India (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) remains the largest dry peas supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

In Turkey, dry peas exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a mild downturn. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Kyrgyzstan ($X per ton) and the United Arab Emirates ($X per ton), while Kazakhstan ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2023, 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.

Dry Peas Imports

Imports in Asia

In 2023, after two years of decline, there was significant growth in purchases abroad of peas (dry), when their volume increased by X% to X tons. Total imports indicated a measured expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, dry peas imports fell modestly to $X in 2023. Total imports indicated a notable expansion 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

China dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Pakistan (X%). The following importers - Iraq (X tons), the United Arab Emirates (X tons) and Kyrgyzstan (X tons) - each reached a X% share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%), Turkey (X%), Iraq (X%), the United Arab Emirates (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Pakistan experienced a relatively flat trend pattern. From 2012 to 2023, the share of China, Turkey, Bangladesh, Iraq and Kyrgyzstan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform