Brazil: Dry Peas Market 2024

Dry Peas Market Size in Brazil

The Brazilian dry peas market reduced to $X in 2021, with a decrease of -10.3% against the previous year. In general, consumption showed a mild descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Dry Peas Production in Brazil

In value terms, dry peas production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of peas (dry) in Brazil expanded notably to X tons per ha in 2021, surging by 7.4% against the previous year. Over the period under review, the yield indicated a noticeable increase from 2012 to 2021: its figure increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas yield decreased by -8.6% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 84% against the previous year. Over the period under review, the average dry peas yield hit record highs at X tons per ha in 2019; however, from 2020 to 2021, 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 2021, approx. X ha of peas (dry) were harvested in Brazil; waning by -12.8% compared with the year before. Overall, the harvested area saw a deep downturn. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 47%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2021, the growth of the dry peas harvested area remained at a somewhat lower figure.

Dry Peas Exports

Exports from Brazil

In 2021, the amount of peas (dry) exported from Brazil reduced rapidly to X tons, with a decrease of -83.9% compared with the previous year. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 13,835%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry peas exports fell markedly to $X in 2021. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,347%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for dry peas exports from Brazil, with a 35% share of total exports. Moreover, dry peas exports to Argentina exceeded the volume sent to the second major destination, Marshall Islands (X tons), threefold. Liberia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+392.2% per year) and Liberia (+266.6% per year).

In value terms, Argentina ($X) emerged as the key foreign market for dry peas exports from Brazil, comprising 64% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with a 6.8% share of total exports. It was followed by Liberia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+231.9% per year) and Liberia (+140.1% per year).

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per ton, jumping by 202% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 271% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the 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 Argentina ($X per ton), while the average price for exports to Paraguay ($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 Angola (-3.6%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Brazil

In 2021, approx. X tons of peas (dry) were imported into Brazil; with a decrease of -9% compared with 2020. Overall, imports showed a slight downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, dry peas imports reduced to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 112%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of dry peas to Brazil, accounting for a 70% share of total imports. Moreover, dry peas imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Argentina stood at -3.4%.

In value terms, the largest dry peas suppliers to Brazil were Argentina ($X) and Canada ($X).

Among the main suppliers, Canada, with a CAGR of +7.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average dry peas import price amounted to $X per ton, waning by -3.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 74%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Argentina amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.4%).

Source: IndexBox Platform

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