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Australia - Pigeon Peas - Market Analysis, Forecast, Size, Trends and Insights
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Pigeon Peas Market Size in Australia
In 2021, after two years of growth, there was significant decline in the Australian pigeon peas market, when its value decreased by -58.8% to $X. Overall, consumption, however, enjoyed a measured increase. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.
Pigeon Peas Exports
Exports from Australia
In 2021, the amount of pigeon peas exported from Australia soared to X tons, jumping by 237% against the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 257%. The exports peaked in 2021 and are expected to retain growth in the near future.
In value terms, pigeon peas exports soared to $X in 2021. In general, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Malaysia (X tons) was the main destination for pigeon peas exports from Australia, accounting for a 94% share of total exports. Moreover, pigeon peas exports to Malaysia exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. India (X kg) ranked third in terms of total exports with a 0.4% share.
From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+16.7% per year) and India (-25.0% per year).
In value terms, Malaysia ($X) remains the key foreign market for pigeon peas exports from Australia, comprising 81% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 9.3% share of total exports. It was followed by India, with a 1.3% share.
From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+18.1% per year) and India (-20.6% per year).
Export Prices by Country
The average pigeon peas export price stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($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 India (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Pigeon Peas Imports
Imports into Australia
In 2021, overseas purchases of pigeon peas decreased by -58.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 107% against the previous year. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.
In value terms, pigeon peas imports contracted rapidly to $X in 2021. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.
Imports by Country
India (X tons), Myanmar (X tons) and Malaysia (X tons) were the main suppliers of pigeon peas imports to Australia, together accounting for 88% of total imports.
From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, India ($X), Myanmar ($X) and Sri Lanka ($X) appeared to be the largest pigeon peas suppliers to Australia, with a combined 90% share of total imports.
Among the main suppliers, Sri Lanka, with a CAGR of +37.1%, recorded 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.
Import Prices by Country
The average pigeon peas import price stood at $X per ton in 2021, growing by 29% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pigeon peas import price increased by +78.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the pigeon peas market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 197 - Pigeon peas
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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