Australia: Chick Peas Market 2024

Chick Peas Market Size in Australia

The Australian chick peas market soared to $X in 2022, rising by 63% against the previous year. Overall, consumption, however, continues to indicate a deep slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Chick Peas Production in Australia

In value terms, chick peas production expanded sharply to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 167% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

In 2022, the average chick peas yield in Australia shrank significantly to X kg per ha, waning by -34.1% against 2021. Over the period under review, the yield continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 148% against the previous year. Over the period under review, the average chick peas yield hit record highs at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chick peas were harvested in Australia; increasing by 17% compared with the previous year. Over the period under review, the harvested area showed a notable expansion. The pace of growth was the most pronounced in 2016 with an increase of 134% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the chick peas harvested area failed to regain momentum.

Chick Peas Exports

Exports from Australia

In 2022, after two years of growth, there was significant decline in shipments abroad of chick peas, when their volume decreased by -27.2% to X tons. Over the period under review, exports recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 with an increase of 113%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, chick peas exports contracted significantly to $X in 2022. Overall, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when exports increased by 158%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Bangladesh (X tons) and Nepal (X tons) were the main destinations of chick peas exports from Australia, together comprising 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +13.9%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Bangladesh ($X) and Nepal ($X) were the largest markets for chick peas exported from Australia worldwide, together accounting for 85% of total exports.

Nepal, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chick peas export price amounted to $X per ton, increasing by 6.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 21% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+0.5%), while the prices for the other major destinations experienced a decline.

Chick Peas Imports

Imports into Australia

In 2022, after two years of decline, there was significant growth in overseas purchases of chick peas, when their volume increased by 45% to X tons. Over the period under review, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2015 when imports increased by 57%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chick peas imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 65%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of chick peas to Australia, accounting for a 63% share of total imports. Moreover, chick peas imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by Iran (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.5% per year) and Iran (-8.0% per year).

In value terms, India ($X) constituted the largest supplier of chick peas to Australia, comprising 61% of total imports. The second position in the ranking was taken by Iran ($X), with a 14% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (-6.4% per year) and Italy (+7.1% per year).

Import Prices by Country

The average chick peas import price stood at $X per ton in 2022, picking up by 6% against the previous year. Over the period under review, the import price showed pronounced growth. The growth pace was the most rapid in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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