MERCOSUR: Green Peas Market 2024

Green Peas Market Size in MERCOSUR

In 2023, after two years of decline, there was growth in the MERCOSUR green peas market, when its value increased by X% to $X. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; afterwards, it flattened through to 2023.

Green Peas Production in MERCOSUR

In value terms, green peas production fell modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

The country with the largest volume of green peas production was Peru (X tons), comprising approx. X% of total volume. Moreover, green peas production in Peru exceeded the figures recorded by the second-largest producer, Argentina (X tons), fivefold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Peru stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Chile (X% per year).

In 2023, the average yield of peas (green) in MERCOSUR dropped slightly to X tons per ha, remaining relatively unchanged against 2022 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2022, and then shrank slightly in the following year. 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 MERCOSUR; with an increase of X% compared with the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to green peas production reached the peak figure at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Green Peas Exports

Exports in MERCOSUR

In 2023, after five years of growth, there was decline in overseas shipments of peas (green), when their volume decreased by X% to X tons. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X tons in 2022, and then declined slightly in the following year.

In value terms, green peas exports amounted to $X in 2023. Total exports indicated a resilient 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 most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Peru (X tons) represented the major exporter of peas (green) in MERCOSUR, committing X% of total export.

Peru was also the fastest-growing in terms of the peas (green) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) also remains the largest green peas supplier in MERCOSUR.

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

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2023, the rate of growth in terms of prices for Peru amounted to X% per year.

Green Peas Imports

Imports in MERCOSUR

In 2023, green peas imports in MERCOSUR expanded remarkably to X tons, increasing by X% on the previous year's figure. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, green peas imports totaled $X in 2023. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tons) and Colombia (X tons) prevails in imports structure, together constituting X% of total imports. Venezuela (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest green peas importing markets in MERCOSUR were Colombia ($X), Peru ($X) and Venezuela ($X), with a combined X% share of total imports.

Among the main importing countries, Peru, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. Import price indicated measured growth 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. Based on 2023 figures, green peas import price increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform