Asia-Pacific: Green Peas Market 2024

Green Peas Market Size in Asia-Pacific

The Asia-Pacific green peas market surged to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Green Peas Production in Asia-Pacific

In value terms, green peas production soared to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

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

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

The average green peas yield shrank to X tons per ha in 2023, remaining constant against 2022. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the green peas yield reached the peak level at X tons per ha in 2022, and then contracted in the following year. 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 (green) were harvested in Asia-Pacific; flattening at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to green peas production attained the peak figure at X ha in 2022, and then shrank modestly in the following year.

Green Peas Exports

Exports in Asia-Pacific

In 2023, overseas shipments of peas (green) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, green peas exports rose significantly to $X in 2023. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by India (X tons), Pakistan (X tons) and Vietnam (X tons), together comprising a X% share of total exports. Thailand (X tons) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to green peas exports from China stood at X%. At the same time, Vietnam (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, India (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam and Pakistan increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest green peas supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by India, with a X% share.

In China, green peas exports plunged by 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: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price 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, green peas export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was 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.

Green Peas Imports

Imports in Asia-Pacific

In 2023, imports of peas (green) in Asia-Pacific reduced to X tons, with a decrease of X% against the year before. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, green peas imports dropped to $X in 2023. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total imports in 2023. Malaysia (X tons) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%), Pakistan (X%) and Singapore (X%). Japan (X tons) and Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Taiwan (Chinese) ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Japan, Vietnam, Singapore, Pakistan and Macao SAR lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price continues to indicate a moderate increase. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform