Hong Kong SAR, China: Dry Peas Market 2025

Dry Peas Market Size in Hong Kong SAR, China

In 2021, the Hong Kong dry peas market increased by 12% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed tangible growth. Dry peas consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Dry Peas Production in Hong Kong SAR, China

In value terms, dry peas production amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Dry Peas Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of peas (dry) increased by 244% to X tons for the first time since 2014, thus ending a six-year declining trend. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 373%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, dry peas exports soared to $X in 2021. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 277%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for dry peas exports from Hong Kong SAR, accounting for a 81% share of total exports. Moreover, dry peas exports to India exceeded the volume sent to the second major destination, Guyana (X tons), eightfold. The third position in this ranking was taken by Japan (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+18.0% per year) and Japan (+21.5% per year).

In value terms, Japan ($X) remains the key foreign market for dry peas exports from Hong Kong SAR, comprising 65% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports. It was followed by Guyana, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-16.7% per year) and Guyana (-2.3% per year).

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per ton, which is down by -6.8% against the previous year. Over the period under review, the export price saw a mild descent. The pace of growth appeared the most rapid in 2016 an increase of 50%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 China (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of peas (dry) increased by 46% to X tons, rising for the third year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 107%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, dry peas imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 71%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Australia (X tons) and China (X tons) were the main suppliers of dry peas imports to Hong Kong SAR, together accounting for 76% of total imports. These countries were followed by Vietnam, the United States, Ukraine, New Zealand and the UK, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +61.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of dry peas to Hong Kong SAR, comprising 42% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+4.2% per year) and China (+14.1% per year).

Import Prices by Country

In 2021, the average dry peas import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 an increase of 70%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+70.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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