Australia - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Peas Price in Australia - 2023
Contents:
- Dry Peas Price in Australia (FOB) - 2023
- Dry Peas Price in Australia (CIF) - 2023
- Dry Peas Exports in Australia
- Dry Peas Imports in Australia
Dry Peas Price in Australia (FOB) - 2023
In September 2023, the average dry peas export price amounted to $349 per ton, approximately equating the previous month. Overall, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in November 2022 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $586 per ton. From December 2022 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Taiwan (Chinese) ($1,049 per ton), while the average price for exports to China ($273 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.0%), while the prices for the other major destinations experienced a decline.
Dry Peas Price in Australia (CIF) - 2023
In September 2023, the average dry peas import price amounted to $1,438 per ton, surging by 8.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 47% against the previous month. The import price peaked at $4,138 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was New Zealand ($8,042 per ton), while the price for Canada ($789 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Peas Exports in Australia
In 2022, exports of peas (dry) from Australia soared to 189K tons, rising by 33% on 2021 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 170% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, dry peas exports skyrocketed to $86M in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 107% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
Export of Dry Peas in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.9 | 1.2 | 20.2 | 59.7 | 215.6% |
Bangladesh | 9.4 | 5.8 | 6.1 | 7.3 | -8.1% |
Sri Lanka | 7.6 | 6.2 | 6.0 | 4.3 | -17.3% |
Malaysia | 3.5 | 2.4 | 2.1 | 4.0 | 4.6% |
Fiji | 2.8 | 1.1 | 3.3 | 3.3 | 5.6% |
Philippines | 1.7 | 1.0 | 2.5 | 3.0 | 20.8% |
Yemen | 0.9 | 1.0 | 1.0 | 0.4 | -23.7% |
Others | 3.6 | 3.0 | 4.0 | 4.3 | 6.1% |
Total | 31.4 | 21.8 | 45.3 | 86.4 | 40.1% |
Top Export Markets for Dry Peas from Australia in 2022:
- China (136.8K tons)
- Bangladesh (14.0K tons)
- Malaysia (10.7K tons)
- Sri Lanka (7.2K tons)
- Fiji (7.1K tons)
- Philippines (6.0K tons)
- Yemen (1.0K tons)
Dry Peas Imports in Australia
In 2022, supplies from abroad of peas (dry) decreased by -19.2% to 894 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 2.4%. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, dry peas imports totaled $1.4M in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. As a result, imports attained the peak of $2.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Dry Peas in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 881 | 1,141 | 797 | 761 | -4.8% |
United States | 243 | 1,079 | 297 | 240 | -0.4% |
Canada | 946 | 268 | 167 | 135 | -47.7% |
Turkey | N/A | 3.9 | 1.1 | 77.1 | 344.6% |
India | 60.8 | 119 | 41.7 | 70.3 | 5.0% |
Myanmar | 2.2 | 10.4 | 2.9 | 25.7 | 126.9% |
Iran | 1.5 | N/A | 2.5 | 15.5 | 117.8% |
United Arab Emirates | 62.3 | 3.0 | N/A | N/A | -95.2% |
Ukraine | 19.3 | 39.5 | 43.7 | N/A | 50.5% |
Others | 4.7 | 14.2 | 44.3 | 91.1 | 168.6% |
Total | 2,221 | 2,678 | 1,398 | 1,416 | -13.9% |
Top Suppliers of Dry Peas to Australia in 2022:
- New Zealand (315.5 tons)
- United States (267.6 tons)
- Canada (145.5 tons)
- Myanmar (51.0 tons)
- Turkey (46.0 tons)
- India (36.6 tons)
- Iran (15.2 tons)
This report provides an in-depth analysis of the dry peas market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 187 - Peas, dry
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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From April 2023 to December 2023, the growth of the exports of Dry Peas remained at a somewhat lower figure. In value terms, Dry Peas exports soared to $3.5M in December 2023.
In August 2022, the dry peas price amounted to $505 per ton (FOB, Australia), picking up by 3.9% against the previous month.
The growth rate peaked in May 2023 with Dry Bean exports soaring by 242% compared to the previous month. However, the value of Dry Bean exports dropped significantly to $738K in December 2023.
From June 2023 to September 2023, the exports of Pulses remained at a lower figure. In terms of value, Pulses exports surged to $174M in September 2023.
Overall, Lentil exports experienced a steady growth, with a notable surge in value to $159M in December 2023.
In August 2022, the lentil price amounted to $697 per ton (FOB, Australia), falling by -7.1% against the previous month.
In June 2023, the price of Chick Peas was $74.9 per ton (FOB, Australia), experiencing a decrease of -84.7% compared to the previous month.
Fresh Chicken Cut exports peaked at 593 tons in 2014 but remained lower from 2015 to 2023. In value terms, exports surged to $2.3M in 2023.
Discover the top import markets for dry peas in 2023 and the countries driving the global trade of this nutritious legume.
Global dry peas consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.