Northern America: Dry Peas Market 2024

Dry Peas Market Size in Northern America

The North American dry peas market dropped dramatically to $X in 2023, waning by X% against the previous year. In general, consumption recorded a slight downturn. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Dry Peas Production in Northern America

In value terms, dry peas production dropped to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Canada (X tons) remains the largest dry peas producing country in Northern America, comprising approx. X% of total volume. Moreover, dry peas production in Canada exceeded the figures recorded by the second-largest producer, the United States (X tons), sevenfold.

In Canada, dry peas production remained relatively stable over the period from 2012-2023.

The average dry peas yield declined modestly to X tons per ha in 2023, waning by X% against the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the dry peas yield hit record highs at X tons per ha in 2013; however, from 2014 to 2023, the yield stood 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, approx. X ha of peas (dry) were harvested in Northern America; with an increase of X% against 2022. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2023, the harvested area remained at a lower figure.

Dry Peas Exports

Exports in Northern America

In 2023, overseas shipments of peas (dry) were finally on the rise to reach X tons after two years of decline. Total exports indicated temperate growth from 2012 to 2023: its volume 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, dry peas exports dropped modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Canada was the key exporter of peas (dry) in Northern America, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United States (X tons), creating an X% share of total exports.

Canada was also the fastest-growing in terms of the peas (dry) exports, with a CAGR of X% from 2012 to 2023. The United States experienced a relatively flat trend pattern. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, Canada ($X) remains the largest dry peas supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

In Canada, dry 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 Northern America amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Dry Peas Imports

Imports in Northern America

In 2023, after two years of growth, there was decline in supplies from abroad of peas (dry), when their volume decreased by X% to X tons. In general, imports, however, enjoyed resilient growth. 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 attained the maximum at X tons in 2022, and then contracted slightly in the following year.

In value terms, dry peas imports contracted rapidly to $X in 2023. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

The United States was the largest importer of peas (dry) in Northern America, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), creating an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to dry peas imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported peas (dry) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, dry peas imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a pronounced downturn. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

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

Source: IndexBox Platform