Asia: Dry Peas Market 2022

Dry Peas Market Size in Asia

The Asian dry peas market expanded to $X in 2021, rising by X% against the previous year. Over the period under review, consumption, however, posted a mild increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Dry Peas Production in Asia

In value terms, dry peas production amounted to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The countries with the highest volumes of in 2021 were China (X tons), India (X tons) and Kazakhstan (X tons), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in Kazakhstan (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

The average dry peas yield totaled X tons per ha in 2021, approximately equating 2020 figures. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X%. The level of yield peaked in 2021 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the dry peas harvested area in Asia shrank to X ha, stabilizing at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2021, the growth of the dry peas harvested area remained at a somewhat lower figure.

Dry Peas Exports

Exports in Asia

In 2021, the amount of peas (dry) exported in Asia surged to X tons, increasing by X% compared with 2020 figures. Overall, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dry peas exports skyrocketed to $X in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the main exporter of peas (dry) in Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2021. Kazakhstan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%), Kyrgyzstan (X%), India (X%) and the United Arab Emirates (X%). Sri Lanka (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dry peas exports from Turkey stood at +X%. At the same time, Kyrgyzstan (+X%), Sri Lanka (+X%), Myanmar (+X%), Kazakhstan (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, India (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Kyrgyzstan, Kazakhstan, Myanmar and Sri Lanka increased by +X, +X, +X, +X and +X percentage points, respectively.

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

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (+X% per year) and India (-X% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a perceptible setback. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+X%), while the other leaders experienced a decline in the export price figures.

Dry Peas Imports

Imports in Asia

In 2021, approx. X tons of peas (dry) were imported in Asia; remaining relatively unchanged against the year before. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, dry peas imports skyrocketed to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China represented the major importing country with an import of around X tons, which recorded X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%) and Turkey (X%). The following importers - the United Arab Emirates (X tons) and Nepal (X tons) - each reached a X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Pakistan (+X%), Nepal (+X%), the United Arab Emirates (+X%), Bangladesh (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. While the share of China (+X p.p.), Pakistan (+X p.p.) and Bangladesh (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Pakistan ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Among the main importing countries, Pakistan, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a slight descent. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other leaders experienced mixed trends in the import price figures.

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