Preserved peas market
Preserved peas market: get the most recent information secured by an Ai-driven BI platform. Statistics include trade, production, consumption, exports, companies, imports, market size, and market prices. There is a breakdown by country, including the U.S., Africa, the Middle East, China, EU, the U.K., Latin America, and Russia. Market insights and outlook to 2030 are also provided in the dashboards.
Preserved Peas - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Japan |
| 2 | China |
| 3 | India |
| 4 | United States |
| 5 | Indonesia |
In value terms, Japan led the market, alone. The second position in the ranking was occupied by China. It was followed by India.
From 2018 to 2020, the average annual growth rate of value in Japan totaled +6.0%. In the other countries, the average annual rates were as follows: China (-6.2% per year) and India (-4.1% per year).
Preserved Peas Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Italy | 690 | 668 | 725 | 2.5% |
| Russia | 751 | 799 | 739 | -0.8% |
| Turkey | 676 | 665 | 742 | 4.8% |
| China | 1153 | 677 | 750 | -19.3% |
| Brazil | 784 | 777 | 766 | -1.2% |
| Poland | 1053 | 870 | 954 | -4.8% |
| Moldova | 728 | 866 | 982 | 16.1% |
| United States | 913 | 934 | 1003 | 4.8% |
| Hungary | 954 | 970 | 1025 | 3.7% |
| Belgium | 1221 | 1262 | 1073 | -6.3% |
| France | 1200 | 1270 | 1353 | 6.2% |
| Netherlands | 1528 | 1633 | 1856 | 10.2% |
| Average | 998 | 976 | 1024 | 1.3% |
Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($1,856 per ton), while Italy ($725 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Moldova, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Australia | 1183 | 1723 | 1867 | 25.6% |
| Belgium | 1565 | 1641 | 1728 | 5.1% |
| Germany | 1345 | 1310 | 1343 | -0.1% |
| United States | 1188 | 1705 | 1326 | 5.6% |
| Italy | 1057 | 1223 | 1319 | 11.7% |
| France | 1124 | 1172 | 1290 | 7.1% |
| Spain | 1322 | 1107 | 1149 | -6.8% |
| Romania | 1017 | 1076 | 1078 | 3.0% |
| United Kingdom | 965 | 964 | 1030 | 3.3% |
| Belarus | 917 | 946 | 890 | -1.5% |
| Russia | 818 | 850 | 833 | 0.9% |
| Kazakhstan | 779 | 854 | 807 | 1.8% |
| Yemen | 474 | 501 | 467 | -0.7% |
| Average | 992 | 1007 | 1077 | 4.2% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Australia ($1,867 per ton), while Yemen ($467 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the other global leaders experienced more modest paces of growth.
Preserved Peas - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Germany | 36 | 32 | 41 | 7.4% |
| Russia | 31 | 34 | 28 | -4.7% |
| United States | 17 | 9.4 | 25 | 20.3% |
| United Kingdom | 17 | 14 | 15 | -5.1% |
| Australia | 1.6 | 1.2 | 14 | 197.6% |
In value terms, Germany ($42M), Russia ($28M) and the United States ($25M) appeared to be the countries with the highest levels of imports in 2020, with a combined 29% share of global imports. These countries were followed by the UK, Australia, Italy, Belgium, France, Spain, Romania, Kazakhstan, Belarus and Yemen, which together accounted for a further 33%.
Australia (+197.6% per year) recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Preserved Peas - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Hungary | 60 | 57 | 60 | 0.1% |
| France | 36 | 31 | 48 | 15.9% |
| China | 14 | 15 | 35 | 59.2% |
| Netherlands | 27 | 27 | 34 | 12.0% |
| Italy | 28 | 26 | 30 | 3.3% |
In value terms, the largest preserved peas supplying countries worldwide were Hungary ($60M), France ($48M) and China ($35M), with a combined 43% share of global exports. These countries were followed by the Netherlands, Italy, Russia, Belgium, Poland, the United States, Brazil, Moldova and Turkey, which together accounted for a further 38%.
Turkey (+68.0% per year) saw the highest growth rate of 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.
Preserved Peas - Market Forecast
Driven by increasing demand for preserved peas worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Preserved Peas - Product Coverage
- HS 200540 - Vegetable preparations; peas (pisum sativum), prepared or preserved otherwise than by vinegar or acetic acid, not frozen
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