Europe: Green Peas Market 2024

Green Peas Market Size in Europe

The Europe green peas market rose significantly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Green Peas Production in Europe

In value terms, green peas production rose sharply 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were France (X tons), the UK (X tons) and Russia (X tons), with a combined X% share of total production.

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

The average green peas yield rose slightly to X tons per ha in 2023, with an increase of X% against the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared 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 green peas yield remained at a somewhat lower figure. 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 Europe rose slightly to X ha, increasing by X% compared with the year before. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Green Peas Exports

Exports in Europe

Green peas exports contracted modestly to X tons in 2023, shrinking by X% compared with 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, green peas exports rose to $X in 2023. Total exports indicated a pronounced increase 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

France was the major exporting country with an export of around X tons, which finished at X% of total exports. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Slovakia (X%) and Latvia (X%). The Czech Republic (X tons) and Germany (X tons) followed a long way behind the leaders.

Exports from France increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Slovakia (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of France, Poland, Slovakia, Latvia, the Netherlands and the Czech Republic increased by X, X, X, X, X and X percentage points, respectively.

In value terms, the largest green peas supplying countries in Europe were the Netherlands ($X), France ($X) and Slovakia ($X), together comprising X% of total exports. Germany, Latvia, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, saw 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

The export price in Europe stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a tangible increase from 2012 to 2023: its price 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, green peas export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

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

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

Green Peas Imports

Imports in Europe

In 2023, supplies from abroad of peas (green) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a mild curtailment. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, green peas imports declined modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Belgium prevails in imports structure, amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by the UK (X tons), the Netherlands (X tons) and Germany (X tons), together creating a X% share of total imports. Italy (X tons), France (X tons) and the Czech Republic (X tons) took a minor share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of peas (green). At the same time, the Czech Republic (X%), Italy (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Germany (X p.p.), the UK (X p.p.), Italy (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total imports, while France and the Netherlands saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Belgium ($X), the UK ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform