EU: Dry Peas Market 2024

Dry Peas Market Size in the EU

For the fourth year in a row, the EU dry peas market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a strong expansion from 2012 to 2023: its value 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the maximum level in 2023 and is likely to see gradual growth in the near future.

Dry Peas Production in the EU

In value terms, dry peas production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were France (X tons), Germany (X tons) and Spain (X tons), with a combined X% share of total production. Lithuania, Romania, the Czech Republic, Estonia, Sweden, Finland, Denmark, Italy, Poland and Latvia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Finland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average dry peas yield totaled X tons per ha in 2023, remaining stable against the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the dry peas yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of peas (dry) were harvested in the European Union; falling by X% on 2022 figures. The total harvested area indicated pronounced 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 harvested area increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production attained the peak figure at X ha in 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Dry Peas Exports

Exports in the EU

In 2023, shipments abroad of peas (dry) was finally on the rise to reach X tons after three years of decline. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, dry peas exports dropped slightly to $X in 2023. Total exports indicated a resilient increase from 2012 to 2023: its value 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced modestly in the following year.

Exports by Country

France (X tons) and Latvia (X tons) represented the largest exporters of peas (dry) in 2023, recording approx. X% and X% of total exports, respectively. Lithuania (X tons) ranks next in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Estonia (X%). Germany (X tons), Sweden (X tons), the Netherlands (X tons), Poland (X tons), Hungary (X tons), Denmark (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas supplying countries in the European Union were France ($X), Latvia ($X) and Lithuania ($X), with a combined X% share of total exports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Dry Peas Imports

Imports in the EU

In 2023, purchases abroad of peas (dry) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

In value terms, dry peas imports soared to $X in 2023. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Spain (X tons) represented the key importer of peas (dry), mixing up X% of total imports. Italy (X tons) took the second position in the ranking, followed by Latvia (X tons), Germany (X tons), the Netherlands (X tons) and Belgium (X tons). All these countries together held near X% share of total imports.

Imports into Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Germany (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Latvia and Spain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported peas (dry) in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Spain stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price saw a mild slump. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform