Asia: Green Peas Market 2024

Green Peas Market Size in Asia

The Asian green peas market declined to $X in 2023, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Green Peas Production in Asia

In value terms, green peas production declined modestly 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 in certain years. The most prominent rate of growth was recorded 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 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 comprising X% of total production.

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

The average green peas yield reduced modestly to X tons per ha in 2023, flattening at 2022 figures. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of yield peaked at X tons per ha in 2022, and then contracted 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 harvested area of peas (green) in Asia fell modestly to X ha, leveling off at the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then dropped in the following year.

Green Peas Exports

Exports in Asia

In 2023, shipments abroad of peas (green) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a perceptible decline. The growth pace was the most rapid 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 somewhat lower figure.

In value terms, green peas exports rose notably to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons) represented the major exporter of peas (green), generating X% of total exports. India (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and Pakistan (X%). The following exporters - Thailand (X tons) and Malaysia (X tons) - each recorded a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Malaysia (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, 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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, green peas exports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, approximately mirroring the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

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

Green Peas Imports

Imports in Asia

In 2023, approx. X tons of peas (green) were imported in Asia; remaining stable against 2022 figures. In general, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, green peas imports stood at $X in 2023. Overall, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Thailand (X tons), distantly followed by Malaysia (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), the United Arab Emirates (X tons), Bangladesh (X tons) and Pakistan (X tons) represented the key importers of peas (green), together creating X% of total imports. South Korea (X tons), Afghanistan (X tons), Singapore (X tons), Japan (X tons) and Macao SAR (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to green peas imports into Thailand stood at X%. At the same time, Bangladesh (X%), South Korea (X%), Macao SAR (X%), Vietnam (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%), the United Arab Emirates (X%), Pakistan (X%), Malaysia (X%) and Japan (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Bangladesh (X p.p.), South Korea (X p.p.), Afghanistan (X p.p.) and Macao SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Malaysia, Japan and Thailand saw its share reduced by X%, 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, Thailand ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2023, the import price in Asia amounted to $X per ton, approximately mirroring the previous year. Import price indicated a pronounced increase 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 import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021; however, from 2022 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 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