Global Green Peas Market 2024

Green Peas Market Size

The global green peas market stood at $X in 2022, surging by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Global consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Green Peas Production

In value terms, green peas production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Pakistan (X tons), together comprising X% of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average green peas yield totaled X tons per ha, approximately equating the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the average green peas yield hit record highs in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global green peas harvested area fell slightly to X ha in 2022, remaining relatively unchanged against the previous year's figure. The harvested area increased at an average annual rate of X% 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 2015 with an increase of X%. Over the period under review, the harvested area dedicated to green peas production reached the maximum at X ha in 2021, and then contracted slightly in the following year.

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Green Peas Exports

Exports

In 2022, global exports of peas (green) shrank dramatically to X tons, reducing by X% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the global exports remained at a lower figure.

In value terms, green peas exports contracted significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

In 2022, France (X tons), distantly followed by Guatemala (X tons), the Netherlands (X tons), Mexico (X tons), the United States (X tons) and China (X tons) were the main exporters of peas (green), together mixing up X% of total exports. Poland (X tons), Peru (X tons), Slovakia (X tons), Romania (X tons), Germany (X tons), Kenya (X tons) and the United Arab Emirates (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), the Netherlands ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Peru, Mexico, France, China, Kenya, Germany, Slovakia, Poland, Romania and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Slovakia, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average green peas export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas export price increased by X% against 2017 indices. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while France ($X per ton) was amongst the lowest.

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

Green Peas Imports

Imports

After two years of growth, supplies from abroad of peas (green) decreased by X% to X tons in 2022. Overall, imports saw a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Global imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, green peas imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, global imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Belgium (X tons) represented the largest importer of peas (green), creating X% of total imports. The United States (X tons) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%) and the UK (X%). Canada (X tons), Germany (X tons), Spain (X tons), Thailand (X tons), Italy (X tons), France (X tons) and Denmark (X tons) followed a long way behind the leaders.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of peas (green). At the same time, Spain (X%), Italy (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Denmark and the United States experienced a relatively flat trend pattern. By contrast, Canada (X%), Thailand (X%), France (X%) and the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium, the UK, Germany and Spain increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest green peas importing markets worldwide were the United States ($X), the Netherlands ($X) and Canada ($X), with a combined X% share of global imports. The UK, Belgium, Germany, France, Denmark, Spain, Thailand and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average green peas import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform