Asia-Pacific: Green Peas Market 2025

Green Peas Market Size in Asia-Pacific

The Asia-Pacific green peas market reached $X in 2022, with an increase of 2.6% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Green Peas Production in Asia-Pacific

In value terms, green peas production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 28%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Pakistan (X tons), with a combined 100% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of +13.7%), while production for the other leaders experienced more modest paces of growth.

The average green peas yield declined slightly to X tons per ha in 2022, flattening at the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 2% against the previous year. Over the period under review, the green peas yield attained the maximum level at X tons per ha in 2021, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area declined to X ha in 2022, stabilizing at 2021. The harvested area increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the harvested area increased by 11%. The level of harvested area peaked at X ha in 2021, and then shrank in the following year.

Green Peas Exports

Exports in Asia-Pacific

In 2022, overseas shipments of peas (green) decreased by -2.5% to X tons, falling for the third consecutive year after three years of growth. Overall, exports showed a noticeable decrease. The growth pace was the most rapid in 2014 when exports increased by 83% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, green peas exports rose significantly to $X in 2022. Over the period under review, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 15%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. 80% of total exports in 2022. India (X tons) held a 6.1% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (5.8%). Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to green peas exports from China stood at -2.5%. At the same time, Vietnam (+8.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.9% from 2012-2022. By contrast, Thailand (-10.3%) and India (-13.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by +16 and +3.3 percentage points, respectively.

In value terms, China ($X) remains the largest green peas supplier in Asia-Pacific, comprising 77% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by Thailand, with a 3.9% share.

In China, green peas exports shrank by an average annual rate of -2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+32.2% per year) and Thailand (-2.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 11% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas export price increased by +35.7% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 47% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.5%), while the other leaders experienced more modest paces of growth.

Green Peas Imports

Imports in Asia-Pacific

In 2022, purchases abroad of peas (green) was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a abrupt setback. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, green peas imports surged to $X in 2022. In general, imports, however, saw a mild decline. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons), distantly followed by Vietnam (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons) and Indonesia (X tons) were the major importers of peas (green), together committing 84% of total imports. The following importers - South Korea (X tons) and Singapore (X tons) - each finished at a 5.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +42.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 63% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +39.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by 6.3% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas import price increased by +32.4% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 17% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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