GCC: Green Peas Market 2024

Green Peas Market Size in GCC

The GCC green peas market soared to $X in 2023, growing by X% against the previous year. In general, consumption, however, showed a mild downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Green Peas Production in GCC

In value terms, green peas production declined slightly to $X in 2023 estimated in export price. Overall, production recorded a mild increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Saudi Arabia (X tons) constituted the country with the largest volume of green peas production, accounting for X% of total volume. Moreover, green peas production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Kuwait (X tons), more than tenfold.

In Saudi Arabia, green peas production expanded at an average annual rate of X% over the period from 2012-2023.

Green Peas Exports

Exports in GCC

In 2023, overseas shipments of peas (green) were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, green peas exports reached $X in 2023. In general, exports enjoyed a mild increase. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Saudi Arabia (X tons) was the major exporter of peas (green), mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. Kuwait (X tons) and Qatar (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.), Kuwait (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Qatar, 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 GCC stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a 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 Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports in GCC

In 2023, after two years of decline, there was significant growth in overseas purchases of peas (green), when their volume increased by X% to X tons. Overall, imports, however, recorded a deep reduction. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, green peas imports soared to $X in 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of peas (green) in GCC, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Qatar (X tons) ranks second in terms of the total imports with an X% share, followed by Oman (X%) and Bahrain (X%). Kuwait (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%), Qatar (X%) and Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported peas (green) in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

In the United Arab Emirates, green peas imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, dropping by X% against the previous year. Import price indicated a remarkable 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted dramatically 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 Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform