EU: Dry Peas Market 2024

Dry Peas Market Size in the EU

The EU dry peas market amounted to $X in 2023, surging by X% against the previous year. The total consumption indicated a resilient increase 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, consumption increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in the near future.

Dry Peas Production in the EU

In value terms, dry peas production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were France (X tons), Germany (X tons) and Lithuania (X tons), together comprising X% of total production. Spain, Romania, the Czech Republic, Estonia, Sweden, Finland, Denmark, Italy, Poland and Latvia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Finland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average dry peas yield expanded modestly to X tons per ha in 2023, rising by X% on 2022 figures. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. Over the period under review, the dry peas yield reached the maximum level at X tons per ha in 2019; however, from 2020 to 2023, the yield failed to regain momentum. 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 (dry) in the European Union dropped modestly to X ha, waning by X% on the year before. The total harvested area indicated a tangible expansion 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 harvested area increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 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 remained at a lower figure.

Dry Peas Exports

Exports in the EU

After three years of decline, overseas shipments of peas (dry) increased by X% to X tons in 2023. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, dry peas exports dropped modestly to $X in 2023. Total exports indicated a resilient expansion 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 2018 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, France (X tons) and Latvia (X tons) were the major exporters of peas (dry) in the European Union, together mixing up X% of total exports. It was distantly followed by Lithuania (X tons), the Czech Republic (X tons) and Estonia (X tons), together comprising a X% share of total exports. Germany (X tons), Sweden (X tons), the Netherlands (X tons), Poland (X tons), Hungary (X tons), Denmark (X tons) and Belgium (X tons) followed a long way behind the leaders.

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

In value terms, the largest dry peas supplying countries in the European Union were France ($X), Latvia ($X) and Lithuania ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 the European Union amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Dry Peas Imports

Imports in the EU

After two years of decline, purchases abroad of peas (dry) increased by X% to X tons in 2023. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, dry peas imports soared to $X in 2023. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

Spain represented the major importer of peas (dry) in the European Union, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Italy (X tons) ranks second in terms of the total imports with a X% share, followed by Latvia (X%), Germany (X%), the Netherlands (X%) and Belgium (X%).

Imports into Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Germany (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of Latvia (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the Netherlands (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported peas (dry) in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

In Spain, dry peas imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform