Australia: Dry Peas Market 2025

Dry Peas Market Size in Australia

The Australian dry peas market fell dramatically to $X in 2021, waning by -72.1% against the previous year. In general, consumption showed a deep setback. Dry peas consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Dry Peas Production in Australia

In value terms, dry peas production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 53% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

The average yield of peas (dry) in Australia reduced to X kg per ha in 2021, waning by -8.8% on the previous year's figure. Overall, the yield continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 110%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2021, the growth of the average dry peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of peas (dry) were harvested in Australia; waning by -3.7% compared with the previous year. Overall, the harvested area recorded a mild contraction. The pace of growth was the most pronounced in 2018 when the harvested area increased by 27% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2021, the growth of the dry peas harvested area failed to regain momentum.

Dry Peas Exports

Exports from Australia

In 2021, after three years of decline, there was significant growth in shipments abroad of peas (dry), when their volume increased by 173% to X tons. Over the period under review, exports, however, saw a noticeable decrease. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, dry peas exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for dry peas exports from Australia, accounting for a 48% share of total exports. Moreover, dry peas exports to China exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+44.7% per year) and Sri Lanka (-6.1% per year).

In value terms, China ($X) emerged as the key foreign market for dry peas exports from Australia, comprising 44% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 13% share of total exports. It was followed by Sri Lanka, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+41.9% per year) and Sri Lanka (-9.0% per year).

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per ton, shrinking by -23.3% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-1.9%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Australia

In 2021, after four years of growth, there was significant decline in overseas purchases of peas (dry), when their volume decreased by -58.6% to X tons. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 38%. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped notably in the following year.

In value terms, dry peas imports dropped notably to $X in 2021. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 23%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), New Zealand (X tons) and Canada (X tons) were the main suppliers of dry peas imports to Australia, together accounting for 86% of total imports. Ukraine and India lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were in Ukraine (with a CAGR of +222.6%), while purchases for the other leaders experienced a decline.

In value terms, New Zealand ($X) constituted the largest supplier of dry peas to Australia, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 21% share of total imports. It was followed by Canada, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from New Zealand stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and Canada (-13.2% per year).

Import Prices by Country

The average dry peas import price stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :