Benelux: Pigeon Peas Market 2024

Pigeon Peas Market Size in Benelux

After two years of growth, the Benelux pigeon peas market decreased by -16.5% to $X in 2021. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Pigeon Peas Production in Benelux

In value terms, pigeon peas production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, posted a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of 173%. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

The country with the largest volume of pigeon peas production was Belgium (X tons), comprising approx. 84% of total volume. Moreover, pigeon peas production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Belgium totaled -1.1%.

Pigeon Peas Exports

Exports in Benelux

For the fourth consecutive year, Benelux recorded decline in shipments abroad of pigeon peas, which decreased by -3.7% to X tons in 2021. In general, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 782%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, pigeon peas exports amounted to $X in 2021. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 791%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Belgium (X tons) was the main exporter of pigeon peas, making up 76% of total exports. It was distantly followed by the Netherlands (X tons), committing a 24% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pigeon peas exports from Belgium stood at +15.7%. At the same time, the Netherlands (+55.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +55.7% from 2012-2021. The Netherlands (+21 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -21.4% from 2012 to 2021, respectively.

In value terms, the largest pigeon peas supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main exporting countries, the Netherlands, with a CAGR of +41.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 4.7% against the previous year. Export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% 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 export price increased by +8.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%).

Pigeon Peas Imports

Imports in Benelux

In 2021, purchases abroad of pigeon peas increased by 3.6% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 1,087% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, pigeon peas imports reached $X in 2021. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 939% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Belgium was the major importer of pigeon peas in Benelux, with the volume of imports amounting to X tons, which was approx. 69% of total imports in 2021. It was distantly followed by the Netherlands (X tons), creating a 31% share of total imports.

Imports into Belgium increased at an average annual rate of +35.6% from 2012 to 2021. At the same time, the Netherlands (+40.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +40.1% from 2012-2021. While the share of the Netherlands (+31 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-30.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021.

The Netherlands, with a CAGR of +49.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, with an increase of 9.1% against the previous year. In general, the import price saw slight growth. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.5%).

Source: IndexBox Platform