Colombia: Green Peas Market 2024

Green Peas Market Size in Colombia

The Colombian green peas market expanded sharply to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Green Peas Production in Colombia

In value terms, green peas production contracted slightly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

In 2023, the average green peas yield in Colombia totaled less than X kg per ha, remaining stable against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. less than X ha of peas (green) were harvested in Colombia; flattening at 2022. In general, the harvested area recorded a relatively flat trend pattern.

Green Peas Exports

Exports from Colombia

In 2023, the amount of peas (green) exported from Colombia dropped dramatically to X tons, with a decrease of X% against 2022 figures. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then declined markedly in the following year.

In value terms, green peas exports shrank rapidly to $X in 2023. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Curacao (X tons) was the main destination for green peas exports from Colombia, accounting for a X% share of total exports. Moreover, green peas exports to Curacao exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Curacao stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Spain (X% per year).

In value terms, the Netherlands ($X), Curacao ($X) and the United States ($X) constituted the largest markets for green peas exported from Colombia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands, 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average green peas export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Colombia

In 2023, approx. X tons of peas (green) were imported into Colombia; surging by X% compared with 2022 figures. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, green peas imports expanded significantly to $X in 2023. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) was the main green peas supplier to Colombia, with a X% share of total imports. Moreover, green peas imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of peas (green) to Colombia, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

In 2023, the average green peas import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform