U.S. - Pigeon Peas - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRecord-breaking Price for U.S. Pigeon Peas Reaches An Astounding $1,742 per Ton
U.S. Pigeon Peas Import Price in July 2023
In July 2023, the pigeon peas price stood at $1,742 per ton (CIF, US), picking up by 1.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 5.5% m-o-m. Over the period under review, average import prices attained the peak figure in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,833 per ton), while the price for Nigeria ($924 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Nigeria (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
COUNTRY | Import Price of Pigeon Peas in U.S. (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
India | 1,629 | 1,676 | 1,685 | 1,746 | 1,704 | 1,713 | 1,662 | 1,746 | 1,807 | 1,604 | 1,754 | 1,731 | 1,833 |
Tanzania | N/A | N/A | N/A | N/A | 1,201 | N/A | N/A | 1,398 | 1,262 | 1,413 | 1,262 | 1,305 | 1,372 |
Nigeria | 444 | 375 | 365 | 872 | 361 | 1,163 | 988 | 1,652 | 558 | 1,479 | 883 | N/A | 924 |
Peru | 2,181 | 1,886 | 1,661 | 1,461 | 1,720 | 1,482 | N/A | 1,562 | 1,455 | 1,577 | 1,721 | 1,442 | N/A |
Average | 1,581 | 1,598 | 1,647 | 1,626 | 1,618 | 1,642 | 1,556 | 1,567 | 1,614 | 1,575 | 1,621 | 1,710 | 1,742 |
U.S. Pigeon Peas Imports
In July 2023, the amount of pigeon peas imported into the United States surged to 611 tons, rising by 19% against the month before. Over the period under review, total imports indicated a temperate increase from July 2022 to July 2023: its volume increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports increased by +25.1% against April 2023 indices. The most prominent rate of growth was recorded in September 2022 when imports increased by 67% against the previous month.
In value terms, pigeon peas imports skyrocketed to $1.1M (IndexBox estimates) in July 2023. In general, total imports indicated buoyant growth from July 2022 to July 2023: its value increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports increased by +38.4% against April 2023 indices. The most prominent rate of growth was recorded in September 2022 when imports increased by 72% month-to-month.
U.S. Pigeon Peas Imports by Country
In July 2023, India (531 tons) constituted the largest pigeon peas supplier to the United States, accounting for a 87% share of total imports. Moreover, pigeon peas imports from India exceeded the figures recorded by the second-largest supplier, Nigeria (53 tons), tenfold.
From July 2022 to July 2023, the average monthly growth rate of volume from India stood at +3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Nigeria (+10.7% per month) and Tanzania (-9.2% per month).
In value terms, India ($973K) constituted the largest supplier of pigeon peas to the United States, comprising 91% of total imports. The second position in the ranking was taken by Nigeria ($49K), with a 4.6% share of total imports.
From July 2022 to July 2023, the average monthly rate of growth in terms of value from India amounted to +4.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Nigeria (+17.7% per month) and Tanzania (-7.7% per month).
This report provides an in-depth analysis of the pigeon peas market in the U.S.. 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 197 - Pigeon peas
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023