Australia and Oceania: Dry Peas Market 2024

Dry Peas Market Size in Australia and Oceania

The dry peas market in Australia and Oceania skyrocketed to $X in 2023, growing by X% against the previous year. The total consumption indicated modest growth from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Dry Peas Production in Australia and Oceania

In value terms, dry peas production expanded sharply to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Australia (X tons) constituted the country with the largest volume of dry peas production, accounting for X% of total volume. Moreover, dry peas production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume in Australia was relatively modest.

The average dry peas yield expanded notably to X tons per ha in 2023, picking up by X% on the previous year. The yield indicated a measured increase from 2012 to 2023: its figure 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, dry peas yield decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2023, the growth of the dry peas yield failed to regain momentum. 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 (dry) were harvested in Australia and Oceania; increasing by X% compared with 2022 figures. Over the period under review, the harvested area, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2023, the growth of the dry peas harvested area remained at a lower figure.

Dry Peas Exports

Exports in Australia and Oceania

In 2023, shipments abroad of peas (dry) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports showed a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, dry peas exports dropped notably to $X in 2023. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by New Zealand (X tons), making up an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to dry peas exports from Australia stood at X%. New Zealand experienced a relatively flat trend pattern. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, New Zealand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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 New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Dry Peas Imports

Imports in Australia and Oceania

In 2023, the amount of peas (dry) imported in Australia and Oceania declined dramatically to X tons, which is down by X% compared with 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, dry peas imports contracted markedly to $X in 2023. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Fiji represented the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Australia (X tons), generating a X% share of total imports. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by New Zealand (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest dry peas importing markets in Australia and Oceania were Fiji ($X), Australia ($X) and New Zealand ($X), together comprising X% of total imports.

In terms of the main importing countries, New Zealand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, jumping by X% against the previous year. Import price indicated a moderate expansion 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform