Asia: Chick Peas Market 2024

Chick Peas Market Size in Asia

In 2023, the Asian chick peas market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated perceptible growth 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Chick Peas Production in Asia

In value terms, chick peas production stood at $X in 2023 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 X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of chick peas production was India (X tons), accounting for X% of total volume. Moreover, chick peas production in India exceeded the figures recorded by the second-largest producer, Turkey (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total production with a X% share.

In India, chick peas production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Myanmar (X% per year).

The average chick peas yield contracted to X tons per ha in 2023, waning by X% on the previous year. The yield figure 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 in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2022, and then declined 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, the total area harvested in terms of chick peas production in Asia reduced modestly to X ha, declining by X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to chick peas production attained the peak figure at X ha in 2018; however, from 2019 to 2023, the harvested area stood at a somewhat lower figure.

Chick Peas Exports

Exports in Asia

In 2023, approx. X tons of chick peas were exported in Asia; jumping by X% compared with the year before. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, chick peas exports surged to $X in 2023. Total exports indicated a remarkable 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 increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons) and Turkey (X tons) dominates exports structure, together mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), creating a X% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), India ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Turkey ($X per ton) and India ($X per ton), while Myanmar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Chick Peas Imports

Imports in Asia

In 2023, approx. X tons of chick peas were imported in Asia; rising by X% compared with 2022. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chick peas imports surged to $X in 2023. Over the period under review, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Pakistan dominates imports structure, finishing at X tons, which was near X% of total imports in 2023. Turkey (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (X%) and India (X%). The United Arab Emirates (X tons) took a minor share of total imports.

Pakistan was also the fastest-growing in terms of the chick peas imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Bangladesh (X%) and the United Arab Emirates (X%) displayed positive paces of growth. By contrast, India (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Pakistan and Turkey increased by X and X percentage points, respectively.

In value terms, Pakistan ($X) constitutes the largest market for imported chick peas in Asia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In Pakistan, chick peas imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform