Northern America: Green Peas Market 2024

Green Peas Market Size in Northern America

The North American green peas market dropped to $X in 2023, waning by X% against the previous year. Overall, consumption recorded a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Green Peas Production in Northern America

In value terms, green peas production fell to $X in 2023 estimated in export price. In general, production continues to indicate a deep reduction. The growth pace was the most rapid in 2022 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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

In the United States, green peas production declined by an average annual rate of X% over the period from 2012-2023.

In 2023, the average green peas yield in Northern America reduced to X tons per ha, which is down by X% against the previous year's figure. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2016 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 Northern America reached X ha, surging by X% on the year before. Overall, the harvested area, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to green peas production reached the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Green Peas Exports

Exports in Northern America

In 2023, overseas shipments of peas (green) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, green peas exports shrank to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States was the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Canada (X tons), generating a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of peas (green). Canada (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States increased by X percentage points.

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

In the United States, green peas exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated a notable increase 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 export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

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%).

Green Peas Imports

Imports in Northern America

In 2023, approx. X tons of peas (green) were imported in Northern America; dropping by X% against the year before. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, green peas imports reduced notably to $X in 2023. In general, imports continue to indicate a mild contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then fell significantly in the following year.

Imports by Country

The United States represented the largest importer of peas (green) in Northern America, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to green peas imports into the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2023.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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