EU: Dry Peas Market 2024

Dry Peas Market Size in the EU

The EU dry peas market reached $X in 2023, with an increase of X% against the previous year. The total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Dry Peas Production in the EU

In value terms, dry peas production declined markedly to $X in 2023 estimated in export price. In general, production recorded a dramatic decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of dry peas production was Austria (X tons), accounting for X% of total volume. Moreover, dry peas production in Austria exceeded the figures recorded by the second-largest producer, Belgium (X tons), sixfold.

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

The average dry peas yield was estimated at X tons per ha in 2023, stabilizing at the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of yield peaked 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, the total area harvested in terms of peas (dry) production in the European Union reduced dramatically to X ha, waning by X% on the previous year. Overall, the harvested area continues to indicate a precipitous decrease. The growth pace was the most rapid in 2015 with an increase of X%. The level of harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.

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Dry Peas Exports

Exports in the EU

In 2023, the amount of peas (dry) exported in the European Union contracted markedly to X tons, which is down by X% against 2022. Overall, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, dry peas exports shrank dramatically to $X in 2023. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then contracted rapidly in the following year.

Exports by Country

Belgium was the key exporter of peas (dry) in the European Union, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Austria (X tons), comprising a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to dry peas exports from Belgium stood at X%. At the same time, Austria (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. While the share of Belgium (X p.p.) and Austria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest dry peas supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Belgium totaled X%.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Austria amounted to $X per ton.

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

Dry Peas Imports

Imports in the EU

Dry peas imports fell rapidly to X tons in 2023, with a decrease of X% on 2022 figures. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, dry peas imports reduced dramatically to $X in 2023. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then declined notably in the following year.

Imports by Country

Belgium dominates imports structure, reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Austria (X tons), constituting an X% share of total imports.

Imports into Belgium decreased at an average annual rate of X% from 2012 to 2023. At the same time, Austria (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. While the share of Belgium (X p.p.) and Austria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported peas (dry) in the European Union, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Belgium totaled $X per ton.

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

Source: IndexBox Platform