MERCOSUR: Dry Peas Market 2024

Dry Peas Market Size in MERCOSUR

The MERCOSUR dry peas market was finally on the rise to reach $X in 2023, after two years of decline. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

Dry Peas Production in MERCOSUR

In value terms, dry peas production reached $X in 2023 estimated in export price. Overall, production showed a mild decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

The country with the largest volume of dry peas production was Argentina (X tons), accounting for X% of total volume. Moreover, dry peas production in Argentina exceeded the figures recorded by the second-largest producer, Peru (X tons), fivefold. Colombia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Argentina totaled X%. In the other countries, the average annual rates were as follows: Peru (X% per year) and Colombia (X% per year).

In 2023, the average dry peas yield in MERCOSUR reduced to X tons per ha, with a decrease of X% compared with 2022. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then reduced 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, approx. X ha of peas (dry) were harvested in MERCOSUR; waning by X% against 2022 figures. Over the period under review, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2023, the growth of the dry peas harvested area remained at a somewhat lower figure.

Dry Peas Exports

Exports in MERCOSUR

In 2023, dry peas exports in MERCOSUR dropped sharply to X tons, reducing by X% on the previous year's figure. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, dry peas exports declined rapidly to $X in 2023. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Argentina represented the largest exporter of peas (dry) in MERCOSUR, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Chile (X tons), making up an X% share of total exports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to dry peas exports from Argentina stood at X%. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Peru (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest dry peas supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Argentina, dry peas exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Chile (X% per year) and Peru (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

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

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

Dry Peas Imports

Imports in MERCOSUR

In 2023, purchases abroad of peas (dry) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, dry peas imports rose rapidly to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of peas (dry), namely Peru, Colombia, Brazil and Venezuela, represented more than two-thirds of total import. Chile (X tons), Argentina (X tons) and Ecuador (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest dry peas importing markets in MERCOSUR were Peru ($X), Brazil ($X) and Colombia ($X), together accounting for X% of total imports. Venezuela, Chile, Argentina and Ecuador lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 MERCOSUR amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

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 Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform