Eastern Asia: Green Peas Market 2025

Green Peas Market Size in Eastern Asia

The East Asian green peas market stood at $X in 2022, with an increase of 3.2% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Green Peas Production in Eastern Asia

In value terms, green peas production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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

In China, green peas production remained relatively stable over the period from 2012-2022.

In 2022, the average green peas yield in Eastern Asia fell slightly to X tons per ha, approximately equating the year before. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 1% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the green peas 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 2022, the green peas harvested area in Eastern Asia stood at X ha, approximately equating 2021. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 11% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the green peas harvested area remained at a lower figure.

Green Peas Exports

Exports in Eastern Asia

In 2022, overseas shipments of peas (green) decreased by -2.2% to X tons, falling for the third year in a row after three years of growth. In general, exports saw a pronounced decline. The pace of growth was the most pronounced in 2019 with an increase of 14% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, green peas exports totaled $X in 2022. Overall, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2013 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of peas (green), namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the peas (green) exports, with a CAGR of -2.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest green peas supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -2.4%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by 5.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.0% per year.

Green Peas Imports

Imports in Eastern Asia

In 2022, supplies from abroad of peas (green) increased by 2.4% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by 45% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, green peas imports reduced sharply to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) was the major importer of peas (green) in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 65% of total imports in 2022. South Korea (X tons) held the second position in the ranking, followed by Japan (X tons) and Macao SAR (X tons). All these countries together took approx. 34% share of total imports.

Imports into Taiwan (Chinese) decreased at an average annual rate of -2.5% from 2012 to 2022. At the same time, Macao SAR (+34.8%) and South Korea (+33.3%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +34.8% from 2012-2022. By contrast, Japan (-15.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), South Korea and Macao SAR increased by +28, +13 and +9.1 percentage points, respectively.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 96% of total imports. These countries were followed by Macao SAR, which accounted for a further 2.8%.

Among the main importing countries, Macao SAR, with a CAGR of +30.3%, saw the highest rates of growth with regard to 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 import price in Eastern Asia stood at $X per ton in 2022, shrinking by -20.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 39%. The level of import peaked at $X per ton in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :