Global Chick Peas Market 2024

Chick Peas Market Size

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

Chick Peas Production

In value terms, chick peas production expanded notably to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, global production growth failed to regain momentum.

India (X tons) constituted the country with the largest volume of chick peas production, comprising approx. X% of total volume. Moreover, chick peas production in India exceeded the figures recorded by the second-largest producer, Australia (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

In India, chick peas production expanded at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Australia (X% per year) and Turkey (X% per year).

In 2023, the global average yield of chick peas fell slightly to X tons per ha, declining by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The global yield peaked at X tons per ha in 2022, and then contracted 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 chick peas were harvested worldwide; declining by X% against the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to chick peas production attained the maximum at X ha in 2018; however, from 2019 to 2023, the harvested area failed to regain momentum.

Chick Peas Exports

Exports

Global chick peas exports soared to X tons in 2023, growing by X% on the previous year's figure. In general, total exports indicated noticeable growth from 2012 to 2023: its volume 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. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The global exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, chick peas exports soared to $X in 2023. Overall, exports saw perceptible growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The global exports peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by India (X tons), Turkey (X tons), Russia (X tons), Canada (X tons) and Tanzania (X tons), together committing a X% share of total exports. The following exporters - the United States (X tons) and Mexico (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to chick peas exports from Australia stood at X%. At the same time, Turkey (X%), Canada (X%), Tanzania (X%), India (X%), Russia (X%) and the United States (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Mexico (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Canada (X p.p.), India (X p.p.), Tanzania (X p.p.) and Russia (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Mexico (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), Turkey ($X) and India ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

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

Export Prices by Country

In 2023, the average chick peas export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The global export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Australia ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Chick Peas Imports

Imports

In 2023, supplies from abroad of chick peas increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Overall, imports recorded a resilient expansion. 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. In general, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Pakistan prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Turkey (X tons) held a 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) and Algeria (X tons) held a relatively small 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. Algeria experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates, Bangladesh, Algeria and India saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

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

In Pakistan, chick 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: Turkey (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The average chick peas import price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat 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 Algeria ($X per ton), while Bangladesh ($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 global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform