Australia: Green Peas Market 2024

Green Peas Market Size in Australia

After two years of decline, the Australian green peas market increased by 3.4% to $X in 2022. In general, consumption, however, saw a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Green Peas Production in Australia

In value terms, green peas production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a slight increase. The most prominent rate of growth was recorded in 2014 with an increase of 100% against the previous year. Green peas production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of peas (green) in Australia reduced to X tons per ha in 2022, with a decrease of -6% on 2021. In general, the yield recorded a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 38% against the previous year. Over the period under review, the average green peas yield attained the peak level at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 peas (green) were harvested in Australia; with an increase of 23% against the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 28%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the green peas harvested area remained at a lower figure.

Green Peas Exports

Exports from Australia

Green peas exports from Australia declined to X tons in 2022, reducing by -13.3% compared with the previous year's figure. Overall, exports saw a sharp decline. The pace of growth appeared the most rapid in 2017 with an increase of 280% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, green peas exports rose notably to $X in 2022. In general, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Fiji (X tons) and New Caledonia (X kg) were the main destinations of green peas exports from Australia, together comprising 81% of total exports. Solomon Islands, Nauru, Vietnam, the United Arab Emirates, Papua New Guinea and Indonesia lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +92.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Fiji ($X) and New Caledonia ($X) appeared to be the largest markets for green peas exported from Australia worldwide, with a combined 70% share of total exports. Solomon Islands, Nauru, Vietnam, the United Arab Emirates, Papua New Guinea and Indonesia lagged somewhat behind, together comprising a further 29%.

Vietnam, with a CAGR of +133.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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 green peas export price amounted to $X per ton, increasing by 26% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Fiji ($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 Thailand (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Australia

In 2022, the amount of peas (green) imported into Australia dropped to X tons, which is down by -9.1% against the year before. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, green peas imports totaled $X in 2022. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 22% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main green peas supplier to Australia, with a 95% share of total imports. It was followed by Spain (X tons), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and New Zealand (-27.2% per year).

In value terms, China ($X) constituted the largest supplier of peas (green) to Australia, comprising 97% of total imports. The second position in the ranking was held by Spain ($X), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and New Zealand (-27.8% per year).

Import Prices by Country

In 2022, the average green peas import price amounted to $X per ton, growing by 19% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas import price increased by +105.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 73% against the previous year. The import price peaked 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 China ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%).

Source: IndexBox Platform

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