Eastern Asia: Dry Peas Market 2025

Dry Peas Market Size in Eastern Asia

The East Asian dry peas market reduced modestly to $X in 2021, falling by -3.9% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.6% against 2013 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Dry Peas Production in Eastern Asia

In value terms, dry peas production rose significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a notable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 393%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

China (X tons) remains the largest dry peas producing country in Eastern Asia, accounting for 100% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in China stood at +1.3%.

In 2021, the average dry peas yield in Eastern Asia contracted modestly to X tons per ha, remaining relatively unchanged against 2020. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 6.9%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2021, the growth of the dry peas yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of peas (dry) in Eastern Asia reached X ha, remaining stable against the previous year's figure. The harvested area increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the harvested area increased by 15%. Over the period under review, the harvested area dedicated to dry peas production attained the maximum at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports in Eastern Asia

Dry peas exports skyrocketed to X tons in 2021, picking up by 149% on the year before. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 165%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dry peas exports skyrocketed to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 92% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), making up a 4.8% share of total exports.

China was also the fastest-growing in terms of the peas (dry) exports, with a CAGR of +14.6% from 2012 to 2021. Taiwan (Chinese) (-12.1%) illustrated a downward trend over the same period. China (+45 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -22% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest dry peas supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 16% share of total exports.

In China, dry peas exports expanded at an average annual rate of +4.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, which is down by -51.6% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 201% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.6%).

Dry Peas Imports

Imports in Eastern Asia

Dry peas imports contracted rapidly to X tons in 2021, waning by -24.1% compared with 2020. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 90%. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted markedly in the following year.

In value terms, dry peas imports declined slightly to $X in 2021. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 50%. The level of import peaked at $X in 2020, and then reduced in the following year.

Imports by Country

The countries with the highest levels of dry peas imports in 2021 were China (X tons), together recording 98% of total import.

China was also the fastest-growing in terms of the peas (dry) imports, with a CAGR of +14.1% from 2012 to 2021. While the share of China (+3.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported peas (dry) in Eastern Asia.

From 2012 to 2021, the average annual growth rate of value in China amounted to +11.6%.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 25% against the previous year. In general, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2016 when the import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.2% per year.

Source: IndexBox Platform

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