Chick Peas Market

The global chick peas market is projected to continue growing over the next eight years, with an anticipated CAGR of +2.4% in volume and +4.8% in value from 2022 to 2030. India leads in both consumption and production, with notable growth rates over the past decade. Detailed analysis is provided on consumption trends, production trends, import and export figures, as well as average yield, harvested area, and price trends for chick peas worldwide.

Market Forecast

Driven by increasing demand for chick peas worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 22M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $21.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chick Peas

In 2022, the amount of chick peas consumed worldwide expanded notably to 18M tons, growing by 13% compared with 2021 figures. The total consumption volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to continue growth in the near future.

The global chick peas market revenue rose to $14.9B in 2022, picking up by 2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.3% against 2019 indices. As a result, consumption attained the peak level of $19.2B. From 2018 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

India (13M tons) constituted the country with the largest volume of chick peas consumption, accounting for 73% of total volume. Moreover, chick peas consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (696K tons), more than tenfold. The third position in this ranking was taken by Turkey (507K tons), with a 2.7% share.

In India, chick peas consumption increased at an average annual rate of +5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+3.4% per year) and Turkey (-0.4% per year).

In value terms, India ($11.2B) led the market, alone. The second position in the ranking was held by Pakistan ($508M). It was followed by Turkey.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +2.0%. The remaining consuming countries recorded the following average annual rates of market growth: Pakistan (+3.1% per year) and Turkey (-4.5% per year).

The countries with the highest levels of chick peas per capita consumption in 2022 were Australia (17 kg per person), India (9.5 kg per person) and Myanmar (7.8 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Russia (with a CAGR of +9.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Chick Peas

Global chick peas production expanded markedly to 19M tons in 2022, surging by 11% compared with the previous year. The total output volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. Over the period under review, global production reached the maximum volume in 2022 and is likely to see steady growth in years to come. The general positive trend in terms output was largely conditioned by a perceptible increase of the harvested area and pronounced growth in yield figures.

In value terms, chick peas production fell to $13.1B in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. As a result, production reached the peak level of $20.1B. From 2018 to 2022, global production growth failed to regain momentum.

Production By Country

The country with the largest volume of chick peas production was India (14M tons), accounting for 73% of total volume. Moreover, chick peas production in India exceeded the figures recorded by the second-largest producer, Australia (1.1M tons), more than tenfold. The third position in this ranking was taken by Turkey (580K tons), with a 3.1% share.

In India, chick peas production expanded at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (-0.3% per year) and Turkey (+1.1% per year).

Yield

The global average chick peas yield rose notably to 1.2 tons per ha in 2022, surging by 6.1% against the previous year. The yield figure increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the yield increased by 13% against the previous year. The global yield peaked in 2022 and is expected to retain growth in the immediate term.

Harvested Area

The global chick peas harvested area rose modestly to 15M ha in 2022, with an increase of 4.6% against 2021 figures. The harvested area increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 12%. The global harvested area peaked at 16M ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Imports

World Imports of Chick Peas

For the third year in a row, the global market recorded decline in purchases abroad of chick peas, which decreased by -2.2% to 1.8M tons in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -48.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. As a result, imports attained the peak of 3.5M tons. From 2018 to 2022, the growth of global imports failed to regain momentum.

In value terms, chick peas imports totaled $1.6B in 2022. In general, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2017 with an increase of 70% against the previous year. As a result, imports reached the peak of $3.4B. From 2018 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

In 2022, Pakistan (380K tons) and Bangladesh (257K tons) represented the main importers of chick peasaround the world, together reaching near 35% of total imports. The United Arab Emirates (154K tons) took the next position in the ranking, followed by Turkey (106K tons) and India (83K tons). All these countries together held near 19% share of total imports. Algeria (76K tons), the United States (68K tons), Iran (59K tons), Nepal (47K tons), Iraq (46K tons), Syrian Arab Republic (44K tons), the UK (43K tons) and Italy (42K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +25.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Pakistan ($284M) constitutes the largest market for imported chick peas worldwide, comprising 18% of global imports. The second position in the ranking was held by Bangladesh ($131M), with an 8.3% share of global imports. It was followed by the United Arab Emirates, with a 7.6% share.

In Pakistan, chick peas imports increased at an average annual rate of +5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+2.4% per year) and the United Arab Emirates (+5.8% per year).

Import Prices By Country

In 2022, the average chick peas import price amounted to $869 per ton, rising by 15% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. Global import price peaked at $957 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Algeria ($1,274 per ton), while Bangladesh ($509 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+2.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chick Peas

In 2022, approx. 2M tons of chick peas were exported worldwide; which is down by -12.3% on the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 48% against the previous year. Over the period under review, the global exports reached the maximum at 3.2M tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, chick peas exports rose modestly to $1.6B in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 51% against the previous year. Over the period under review, the global exports attained the peak figure at $2.9B in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports By Country

Australia represented the major exporting country with an export of about 606K tons, which amounted to 30% of total exports. India (235K tons) ranks second in terms of the total exports with a 12% share, followed by Canada (10%), Turkey (9%), Russia (8.9%), Tanzania (8.3%) and Mexico (5.1%).

Exports from Australia decreased at an average annual rate of -4.1% from 2012 to 2022. At the same time, Turkey (+21.6%), Tanzania (+19.0%), Canada (+15.5%), India (+5.0%) and Russia (+3.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.6% from 2012-2022. By contrast, Mexico (-7.2%) illustrated a downward trend over the same period. Turkey (+7.6 p.p.), Canada (+7.4 p.p.), Tanzania (+6.7 p.p.), India (+4 p.p.) and Russia (+2 p.p.) significantly strengthened its position in terms of the global exports, while Mexico and Australia saw its share reduced by -6.5% and -19.7% from 2012 to 2022, respectively.

In value terms, Australia ($357M), India ($225M) and Canada ($202M) were the countries with the highest levels of exports in 2022, together comprising 48% of global exports. Turkey, Russia, Mexico and Tanzania lagged somewhat behind, together accounting for a further 34%.

Turkey, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average chick peas export price amounted to $822 per ton, surging by 16% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 26%. Over the period under review, the average export prices reached the maximum at $898 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,392 per ton), while Tanzania ($507 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform