Preserved Peas Prices in the United States
U.S. Preserved Peas Import Price per Ton in August 2022
In August 2022, the preserved peas price per ton amounted to $1.9K (CIF, US), jumping by 17% against the previous month. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in April 2022 an increase of 63% m-o-m. As a result, import price reached the peak level of $2.9K per ton. From May 2022 to August 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($8.5K per ton), while the price for Chile ($1.0K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Preserved Peas Imports
In August 2022, purchases abroad of preserved peas decreased by -8.3% to 884 tons, falling for the second month in a row after two months of growth. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in March 2022 with an increase of 63% month-to-month.
In value terms, preserved peas imports rose notably to $1.7M (IndexBox estimates) in August 2022. Over the period under review, total imports indicated a pronounced increase from January 2022 to August 2022: its value increased at an average monthly rate of +2.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -30.4% against June 2022 indices. The growth pace was the most rapid in March 2022 when imports increased by 48% m-o-m.
U.S. Preserved Peas Imports by Country
The UK (237 tons), Brazil (219 tons) and China (99 tons) were the main suppliers of preserved peas imports to the United States, together comprising 63% of total imports.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +37.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest preserved peas suppliers to the United States were Brazil ($302K), the UK ($297K) and Malaysia ($247K), together accounting for 51% of total imports.
In terms of the main suppliers, Brazil, with a CAGR of +37.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
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