Colombia: Dry Peas Market 2025

Dry Peas Market Size in Colombia

In 2021, the Colombian dry peas market decreased by -23.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Dry Peas Production in Colombia

In value terms, dry peas production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of peas (dry) in Colombia shrank modestly to X tons per ha, waning by -3.4% against the previous year. In general, the yield recorded a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 6.8% against the previous year. Over the period under review, the average dry peas yield reached the maximum level at X tons per ha in 2012; however, from 2013 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.

The dry peas harvested area in Colombia rose notably to X ha in 2021, with an increase of 5.8% compared with 2020 figures. The harvested area increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 26% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2020 to 2021, the growth of the dry peas harvested area remained at a lower figure.

Dry Peas Exports

Exports from Colombia

In 2021, exports of peas (dry) from Colombia reduced sharply to X tons, dropping by -21.4% against 2020. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, dry peas exports contracted markedly to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 118% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for dry peas exports from Colombia, with a 98% share of total exports. It was followed by Spain (X tons), with a 1.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled -9.8%.

In value terms, Venezuela ($X) remains the key foreign market for dry peas exports from Colombia, comprising 98% of total exports. The second position in the ranking was held by Spain ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela was relatively modest.

Export Prices by Country

The average dry peas export price stood at $X per ton in 2021, reducing by -5.1% against the previous year. In general, the export price saw a mild decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Venezuela totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+10.8%).

Dry Peas Imports

Imports into Colombia

After three years of growth, supplies from abroad of peas (dry) decreased by -28.1% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 55%. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank remarkably in the following year.

In value terms, dry peas imports contracted sharply to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then plummeted in the following year.

Imports by Country

In 2021, Canada (X tons) constituted the largest dry peas supplier to Colombia, with a 90% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and Argentina (-27.1% per year).

In value terms, Canada ($X) constituted the largest supplier of dry peas to Colombia, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Argentina (-25.5% per year).

Import Prices by Country

In 2021, the average dry peas import price amounted to $X per ton, increasing by 13% against the previous year. Overall, the import price, however, saw a slight setback. The growth pace was the most rapid in 2013 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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