Southern Asia: Dry Peas Market 2024

Dry Peas Market Size in Southern Asia

The South Asian dry peas market contracted to $X in 2023, waning by X% against the previous year. Over the period under review, consumption, however, showed a noticeable slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Dry Peas Production in Southern Asia

In value terms, dry peas production contracted to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value 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, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of dry peas production, accounting for X% of total volume. It was followed by Pakistan (X tons), with a X% share of total production.

From 2012 to 2023, the average annual rate of growth in terms of volume in India totaled X%.

In 2023, the average yield of peas (dry) in Southern Asia expanded to X tons per ha, surging by X% on the year before. The yield indicated noticeable growth from 2012 to 2023: its figure 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, dry peas yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the dry peas yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2023, the yield remained at a 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 Southern Asia; which is down by X% against the previous year. Overall, the harvested area saw a slight setback. 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 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Dry Peas Exports

Exports in Southern Asia

After three years of growth, overseas shipments of peas (dry) decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, dry peas exports fell markedly to $X in 2023. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the peas (dry) exports, with a CAGR of X% from 2012 to 2023. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest dry peas supplier in Southern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

Dry Peas Imports

Imports in Southern Asia

For the fourth consecutive year, Southern Asia recorded decline in overseas purchases of peas (dry), which decreased by X% to X tons in 2023. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, dry peas imports plummeted to $X in 2023. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Bangladesh (X tons) was the largest importer of peas (dry), mixing up X% of total imports. It was distantly followed by Pakistan (X tons), Afghanistan (X tons) and Sri Lanka (X tons), together generating a X% share of total imports.

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

In value terms, Bangladesh ($X), Pakistan ($X) and Afghanistan ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Afghanistan, 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, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then declined remarkably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Sri Lanka ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and Afghanistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform