World - Peas (Green) - Market Analysis, Forecast, Size, Trends and Insights
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World - Peas (Green) - Market Analysis, Forecast, Size, Trends and Insights

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September 2, 2024 at 7:33 AM GMT+0

Global Green Peas Market to See Continued Growth with Volume Reaching 25M Tons and Value Surpassing $44.5B by 2030

IndexBox has just published a new report: World - Peas (Green) - Market Analysis, Forecast, Size, Trends and Insights.

The article discusses the rising demand for green peas globally, predicting a steady increase in consumption over the next seven years. Market performance is forecasted to accelerate with a projected CAGR of +2.8% in volume and +4.8% in value from 2023 to 2030, reaching 25M tons and $44.5B, respectively, by the end of 2030.

Market Forecast

Driven by increasing demand for peas (green) worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.8% for the period from 2023 to 2030, which is projected to bring the market volume to 25M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2023 to 2030, which is projected to bring the market value to $44.5B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Peas (Green)

After three years of growth, consumption of peas (green) decreased by -1% to 21M tons in 2023. The total consumption volume increased at an average annual rate of +1.8% over the period from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global consumption peaked at 21M tons in 2022, and then reduced in the following year.

The global green peas market revenue contracted modestly to $32B in 2023, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $32.8B in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2023 were China (12M tons), India (6M tons) and Pakistan (344K tons), together comprising 86% of global consumption.

From 2013 to 2023, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Pakistan (with a CAGR of +11.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($20B) led the market, alone. The second position in the ranking was taken by India ($7.4B).

In China, the green peas market remained relatively stable over the period from 2013-2023. The remaining consuming countries recorded the following average annual rates of market growth: India (+3.9% per year) and Pakistan (+13.1% per year).

The countries with the highest levels of green peas per capita consumption in 2023 were China (8.1 kg per person), India (4.2 kg per person) and Pakistan (1.5 kg per person).

From 2013 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of +9.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Peas (Green)

In 2023, after three years of growth, there was decline in production of peas (green), when its volume decreased by -0.8% to 21M tons. The total output volume increased at an average annual rate of +1.8% over the period from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 11% against the previous year. Global production peaked at 21M tons in 2022, and then declined in the following year. The general positive trend in terms output was largely conditioned by a slight increase of the harvested area and a relatively flat trend pattern in yield figures.

In value terms, green peas production reached $32.2B in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 11%. Global production peaked at $33.7B in 2016; however, from 2017 to 2023, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2023 were China (12M tons), India (6M tons) and Pakistan (346K tons), together accounting for 86% of global production.

From 2013 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of +11.7%), while production for the other global leaders experienced more modest paces of growth.

Yield

In 2023, the global average green peas yield reduced modestly to 8 tons per ha, almost unchanged from the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 3.8%. Over the period under review, the average green peas yield reached the maximum level at 8 tons per ha in 2022, and then shrank slightly in the following year.

Harvested Area

In 2023, approx. 2.6M ha of peas (green) were harvested worldwide; flattening at 2022 figures. The harvested area increased at an average annual rate of +1.4% over the period from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 7.3% against the previous year. The global harvested area peaked at 2.6M ha in 2022, and then dropped slightly in the following year.

Imports

World Imports of Peas (Green)

In 2023, purchases abroad of peas (green) decreased by -5.5% to 249K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. As a result, imports attained the peak of 429K tons. From 2018 to 2023, the growth of global imports remained at a lower figure.

In value terms, green peas imports reduced to $386M in 2023. Over the period under review, imports recorded a mild decline. The pace of growth was the most pronounced in 2017 when imports increased by 11%. Global imports peaked at $477M in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports By Country

Belgium represented the key importer of peas (green) in the world, with the volume of imports amounting to 96K tons, which was near 39% of total imports in 2023. It was distantly followed by Kenya (29K tons), the United States (21K tons), the UK (13K tons) and the Netherlands (12K tons), together achieving a 30% share of total imports. Germany (9.2K tons), Canada (9.2K tons), Italy (5.5K tons) and Thailand (5.3K tons) followed a long way behind the leaders.

From 2013 to 2023, average annual rates of growth with regard to green peas imports into Belgium stood at -1.5%. At the same time, Kenya (+57.8%), Italy (+12.9%) and Germany (+4.1%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in the world, with a CAGR of +57.8% from 2013-2023. The UK experienced a relatively flat trend pattern. By contrast, Canada (-4.0%), Thailand (-5.2%), the United States (-6.7%) and the Netherlands (-14.6%) illustrated a downward trend over the same period. Kenya (+11 p.p.), Belgium (+4.4 p.p.), Italy (+2.2 p.p.) and Germany (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while the United States and the Netherlands saw its share reduced by -4.3% and -12.3% from 2013 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($63M), the United States ($54M) and Canada ($48M) constituted the countries with the highest levels of imports in 2023, with a combined 43% share of global imports. The UK, the Netherlands, Germany, Kenya, Thailand and Italy lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, Kenya, with a CAGR of +48.0%, recorded 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

In 2023, the average green peas import price amounted to $1,547 per ton, falling by -5.9% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 28%. Global import price peaked at $1,643 per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($5,216 per ton), while Kenya ($238 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Peas (Green)

In 2023, approx. 289K tons of peas (green) were exported worldwide; surging by 11% compared with 2022 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 106% against the previous year. As a result, the exports attained the peak of 475K tons. From 2018 to 2023, the growth of the global exports remained at a lower figure.

In value terms, green peas exports stood at $411M in 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, the global exports attained the peak figure at $453M in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports By Country

France (61K tons) and Tanzania (41K tons) were the major exporters of peas (green) in 2023, recording approx. 21% and 14% of total exports, respectively. Guatemala (27K tons) held a 9.4% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (7.9%), Mexico (5.5%) and Latvia (4.8%). The following exporters - China (12K tons), the United States (11K tons), Peru (10K tons), Poland (10K tons), Slovakia (8.5K tons), Kenya (6.9K tons) and the Czech Republic (5.4K tons) - together made up 22% of total exports.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of +61.3%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest green peas supplying countries worldwide were the Netherlands ($65M), Guatemala ($65M) and the United States ($52M), together comprising 44% of global exports. Mexico, Peru, France, China, Kenya, Tanzania, Slovakia, Latvia, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 41%.

Latvia, with a CAGR of +47.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average green peas export price stood at $1,421 per ton in 2023, with a decrease of -6.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 34%. Over the period under review, the average export prices attained the maximum at $1,522 per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($4,802 per ton), while Tanzania ($166 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+11.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global green peas market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 417 - Peas, green

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Harvested Area, By Country, 2012-2024
    7. Yield, By Country, 2012-2024
    8. Imports, In Physical Terms, By Country, 2012–2024
    9. Imports, In Value Terms, By Country, 2012–2024
    10. Import Prices, By Country Of Destination, 2012–2024
    11. Exports, In Physical Terms, By Country, 2012–2024
    12. Exports, In Value Terms, By Country, 2012–2024
    13. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2024
    19. Production, In Value Terms, 2012–2024
    20. Area Harvested, 2012–2024
    21. Yield, 2012–2024
    22. Production, By Country, 2024
    23. Production, In Physical Terms, By Country, 2012–2024
    24. Harvested Area, By Country, 2024
    25. Harvested Area, By Country, 2012-2024
    26. Yield, By Country, 2012-2024
    27. Imports, In Physical Terms, 2012–2024
    28. Imports, In Value Terms, 2012–2024
    29. Imports, In Physical Terms, By Country, 2024
    30. Imports, In Physical Terms, By Country, 2012–2024
    31. Imports, In Value Terms, By Country, 2012–2024
    32. Import Prices, By Country, 2012–2024
    33. Exports, In Physical Terms, 2012–2024
    34. Exports, In Value Terms, 2012–2024
    35. Exports, In Physical Terms, By Country, 2024
    36. Exports, In Physical Terms, By Country, 2012–2024
    37. Exports, In Value Terms, By Country, 2012–2024
    38. Export Prices, 2012–2024

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