Australia and Oceania: Green Peas Market 2024

Green Peas Market Size in Australia and Oceania

The green peas market in Australia and Oceania shrank to $X in 2023, which is down by X% against the previous year. Overall, consumption saw a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Green Peas Production in Australia and Oceania

In value terms, green peas production fell to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

New Zealand (X tons) constituted the country with the largest volume of green peas production, comprising approx. X% of total volume. Moreover, green peas production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (X tons), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume in New Zealand stood at X%.

In 2023, the average green peas yield in Australia and Oceania amounted to X tons per ha, therefore, remained relatively stable against the previous year's figure. In general, the yield, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the green peas yield hit record highs at X tons per ha in 2012; however, from 2013 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area declined to X ha in 2023, which is down by X% against the previous year's figure. Overall, the harvested area saw a pronounced descent. The pace of growth appeared the most rapid in 2022 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Green Peas Exports

Exports in Australia and Oceania

In 2023, exports of peas (green) in Australia and Oceania declined sharply to X tons, waning by X% against the previous year. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, green peas exports fell to $X in 2023. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Fiji (X tons) was the major exporter of peas (green), mixing up X% of total exports. Australia (X tons) held the second position in the ranking, distantly followed by New Zealand (X tons). All these countries together held approx. X% share of total exports.

Fiji was also the fastest-growing in terms of the peas (green) exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) and Australia (X%) illustrated a downward trend over the same period. Fiji (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest green peas supplying countries in Australia and Oceania were Fiji ($X), Australia ($X) and New Zealand ($X).

Among the main exporting countries, Fiji, 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 leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, jumping by X% against the previous year. Export price indicated a moderate 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. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of peas (green) decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, green peas imports reduced markedly to $X in 2023. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, recording X tons, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X tons), committing a X% share of total imports. French Polynesia (X tons), Papua New Guinea (X tons) and Fiji (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Fiji (X%), Papua New Guinea (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, New Zealand (X%) illustrated a downward trend over the same period. Papua New Guinea (X p.p.), Fiji (X p.p.), French Polynesia (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) constitutes the largest market for imported peas (green) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by French Polynesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then shrank significantly in the following year.

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 ($X per ton), while Papua New Guinea ($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