Canada: Green Peas Market 2024

Green Peas Market Size in Canada

The Canadian green peas market fell to $X in 2023, declining by X% against the previous year. Over the period under review, consumption showed a perceptible decline. Green peas consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Green Peas Production in Canada

In value terms, green peas production contracted to $X in 2023 estimated in export price. Overall, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

The average yield of peas (green) in Canada reduced modestly to X tons per ha in 2023, which is down by X% against 2022 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average green peas yield hit record highs at X tons per ha in 2015; however, from 2016 to 2023, the 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 (green) were harvested in Canada; with a decrease of X% against the previous year's figure. Over the period under review, the harvested area saw a mild descent. The pace of growth appeared the most rapid in 2022 when the harvested area increased by X%. 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 remained at a lower figure.

Green Peas Exports

Exports from Canada

In 2023, after four years of growth, there was significant decline in shipments abroad of peas (green), when their volume decreased by X% to X tons. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, green peas exports reduced notably to $X in 2023. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for green peas exports from Canada, accounting for a X% share of total exports. Moreover, green peas exports to China exceeded the volume sent to the second major destination, Argentina (X tons), twofold. The third position in this ranking was held by Senegal (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Senegal (X% per year).

In value terms, the largest markets for green peas exported from Canada were China ($X), the United States ($X) and Argentina ($X), together comprising X% of total exports. Senegal, Thailand, Uganda and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Uganda, 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 more modest paces of growth.

Export Prices by Country

In 2023, the average green peas export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Canada

Green peas imports into Canada declined markedly to X tons in 2023, dropping by X% against the previous year's figure. Overall, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, green peas imports dropped to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Mexico (X tons), the United States (X tons) and Guatemala (X tons) were the main suppliers of green peas imports to Canada, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest green peas suppliers to Canada were Mexico ($X), the United States ($X) and Guatemala ($X), together comprising X% of total imports.

Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average green peas import price stood at $X per ton in 2023, growing 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 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform