MENA: Preserved Peas Market 2024

Preserved Peas Market Size in MENA

The MENA's preserved peas market reached $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, saw a slight contraction. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Preserved Peas Production in MENA

In value terms, preserved peas production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Preserved Peas Exports

Exports in MENA

In 2023, shipments abroad of preserved peas decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, preserved peas exports contracted dramatically to $X in 2023. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Turkey (X tons) represented the key exporter of preserved peas, committing X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Jordan (X tons), together committing a X% share of total exports. Egypt (X tons) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to preserved peas exports from Turkey stood at X%. At the same time, Egypt (X%), Saudi Arabia (X%), Jordan (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey, Saudi Arabia, Jordan and Egypt increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest preserved peas supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, preserved peas exports expanded 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: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

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 Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Preserved Peas Imports

Imports in MENA

In 2023, the amount of preserved peas imported in MENA reduced slightly to X tons, shrinking by X% against 2022 figures. Total imports indicated a modest expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, preserved peas imports fell to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Yemen (X tons) was the main importer of preserved peas, generating X% of total imports. Iraq (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). The following importers - Kuwait (X tons), Oman (X tons), Israel (X tons), Syrian Arab Republic (X tons), Palestine (X tons), Lebanon (X tons), Bahrain (X tons), Morocco (X tons), Qatar (X tons) and Tunisia (X tons) - together made up X% of total imports.

Yemen was also the fastest-growing in terms of the preserved peas imports, with a CAGR of X% from 2012 to 2023. At the same time, Syrian Arab Republic (X%), Israel (X%) and Iraq (X%) displayed positive paces of growth. Palestine experienced a relatively flat trend pattern. By contrast, Oman (X%), Bahrain (X%), the United Arab Emirates (X%), Kuwait (X%), Qatar (X%), Morocco (X%), Lebanon (X%) and Tunisia (X%) illustrated a downward trend over the same period. While the share of Yemen (X p.p.), Iraq (X p.p.), Syrian Arab Republic (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.), Morocco (X p.p.), Tunisia (X p.p.), Lebanon (X p.p.), Kuwait (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Yemen ($X) constitutes the largest market for imported preserved peas in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Iraq, with an X% share.

In Yemen, preserved peas imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure 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 Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform