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Philippines - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Peas Price in the Philippines - 2023
Contents:
- Dry Peas Price in the Philippines (CIF) - 2022
- Dry Peas Price in the Philippines (FOB) - 2022
- Dry Peas Imports in the Philippines
- Dry Peas Exports in the Philippines
Dry Peas Price in the Philippines (CIF) - 2022
The average dry peas import price stood at $680 per ton in 2022, increasing by 21% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dry peas import price increased by +68.6% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($680 per ton) and Ukraine ($680 per ton), while the price for Canada ($680 per ton) and Australia ($680 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Peas Price in the Philippines (FOB) - 2022
The average dry peas export price stood at $658 per ton in 2022, with an increase of 14% against the previous year. In general, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 102% against the previous year. Over the period under review, the average export prices reached the maximum at $1,439 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($658 per ton), while the average price for exports to the United Arab Emirates ($658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+96.2%), while the prices for the other major destinations experienced mixed trend patterns.
Dry Peas Imports in the Philippines
In 2022, imports of peas (dry) into the Philippines skyrocketed to 60K tons, with an increase of 18% on 2021. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 27%. As a result, imports reached the peak of 62K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, dry peas imports soared to $41M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Dry Peas in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 13.3 | 17.9 | 16.2 | 21.2 | 16.8% |
United States | 9.6 | 11.3 | 8.0 | 8.8 | -2.9% |
Argentina | N/A | 0.4 | 0.3 | 4.0 | 216.2% |
Australia | 1.6 | 1.1 | 2.8 | 3.6 | 31.0% |
Ukraine | 0.2 | 0.5 | 1.0 | 1.7 | 104.1% |
Moldova | N/A | 0.2 | 0.2 | 0.7 | 87.1% |
Others | 0.2 | 0.1 | 0.1 | 0.8 | 58.7% |
Total | 24.9 | 31.3 | 28.5 | 40.8 | 17.9% |
Top Suppliers of Dry Peas to the Philippines in 2022:
- Canada (31.2K tons)
- United States (12.9K tons)
- Argentina (5.8K tons)
- Australia (5.3K tons)
- Ukraine (2.5K tons)
- Moldova (1.0K tons)
Dry Peas Exports in the Philippines
In 2022, approx. 11 tons of peas (dry) were exported from the Philippines; reducing by -24.5% compared with the year before. Overall, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 111%.
In value terms, dry peas exports declined to $7.3K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 31%.
Export of Dry Peas in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 6.7 | 3.9 | 7.8 | 4.4 | -13.1% |
United States | N/A | N/A | N/A | 2.3 | 0% |
Australia | 35.9 | N/A | N/A | 0.6 | -74.4% |
Canada | N/A | 2.6 | 0.6 | N/A | -76.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 42.6 | 6.5 | 8.5 | 7.3 | -44.5% |
Top Export Markets for Dry Peas from the Philippines in 2022:
- United Arab Emirates (6.7 tons)
- United States (3.5 tons)
- Australia (0.9 tons)
This report provides an in-depth analysis of the dry peas market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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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.
Global dry peas exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Global dry peas imports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the dry peas output was Canada (X thousand tons), accounting for X% of global production.
Canada maintained control of the dry pea market. In 2014, Canada exported X thousand tons of dry peas totaling X million USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total dry pea exports
Discover the top 10 countries by import value of pigeon peas in 2023 and learn about the growing demand for this legume in global markets.
Global pigeon peas consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
In 2015, the country with the largest volume of the pigeon peas output was India (X thousand tons), accounting for X% of global production.
France was one of the leaders in the global pigeon pea trade. In 2014, France exported X thousand tons of pigeon peas totaling X thousand USD, a remarkable X% over the previous year. Its primary trading partner was the Netherlands, where it suppli