Global Green Peas Market 2024

Green Peas Market Size

The global green peas market shrank slightly to $X in 2023, leveling off at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Green Peas Production

In value terms, green peas production fell to $X in 2023 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. Global production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were China (X tons), India (X tons) and Pakistan (X tons), together accounting for X% of global 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 global leaders experienced more modest paces of growth.

The global average green peas yield dropped to X tons per ha in 2023, almost unchanged from the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. Over the period under review, the average green peas yield attained the maximum level at X tons per ha in 2022, and then fell modestly 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, the global green peas harvested area reduced slightly to X ha, remaining stable against 2022 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2022, and then declined modestly in the following year.

Green Peas Exports

Exports

Global green peas exports reached X tons in 2023, surging by X% compared with the previous year's figure. Overall, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the global exports failed to regain momentum.

In value terms, green peas exports expanded remarkably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the global exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, France (X tons) and Tanzania (X tons) were the major exporters of peas (green)in the world, together recording near X% of total exports. Guatemala (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%) and Mexico (X%). China (X tons), the United States (X tons), Peru (X tons), Poland (X tons), Kenya (X tons), Slovakia (X tons), Latvia (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest green peas supplying countries worldwide were the Netherlands ($X), Guatemala ($X) and the United States ($X), with a combined X% share of global exports. Mexico, Peru, France, Kenya, China, Tanzania, Slovakia, Latvia, Poland and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the average green peas export price amounted to $X per ton, waning by X% against the previous year. Overall, export price indicated notable growth from 2012 to 2023: its price 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, green peas export price increased by X% against 2017 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2022, and then contracted modestly 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 the United States ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports

In 2023, supplies from abroad of peas (green) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, green peas imports fell to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Global imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the major importer of peas (green) in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. The United States (X tons) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and the Netherlands (X%). The following importers - Canada (X tons), Germany (X tons), Italy (X tons), Thailand (X tons), France (X tons) and Uganda (X tons) - together made up X% of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of peas (green). At the same time, Uganda (X%), Italy (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Canada (X%), the United States (X%), Thailand (X%), France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Germany (X p.p.), the UK (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the global imports, while France, the United States and the Netherlands saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of global imports. The UK, the Netherlands, Germany, France, Thailand, Italy and Uganda lagged somewhat behind, together comprising a further X%.

Uganda, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

The average green peas import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Uganda ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform