Montenegro: Dry Peas Market 2020

Dry Peas Market Size in Montenegro

The revenue of the dry peas market in Montenegro amounted to $X in 2018, coming down by -X% against the previous year. Over the period under review, dry peas consumption continues to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Montenegro dry peas consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Dry Peas Production in Montenegro

In value terms, dry peas production amounted to $X in 2018 estimated in export prices. Overall, dry peas production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, dry peas production reached its maximum level at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

In 2018, the average dry peas yield in Montenegro stood at X ton per ha, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. The global dry peas yield peaked in 2018 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of peas (dry) production in Montenegro stood at X ha, remaining stable against the previous year. Overall, the dry peas harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. In that year, the dry peas harvested area reached its peak level of X ha. From 2010 to 2018, the growth of the dry peas harvested area remained at a lower figure.

Dry Peas Exports

Exports from Montenegro

Dry peas exports from Montenegro amounted to X tons in 2018, going up by X% against the previous year. In general, dry peas exports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, dry peas exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, dry peas exports amounted to $X in 2018. In general, dry peas exports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Montenegro exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Canada was the key exporter of peas (dry) in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2018. It was distantly followed by Russia (X tons), Ukraine (X tons) and the U.S. (X tons), together creating a X% share of total exports. The following exporters - France (X tons), Australia (X tons) and Lithuania (X tons) - each reached a X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to dry peas exports from Canada stood at +X%. At the same time, Lithuania (+X%), Russia (+X%), Ukraine (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Russia, Canada, Ukraine, Lithuania and Australia increased by +X%, +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest dry peas supplier from Montenegro, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Canada totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Russia (+X% per year).

Export Prices by Country

The dry peas export price in Montenegro stood at $X per ton in 2018, approximately equating the previous year. In general, the dry peas export price continues to indicate a temperate slump. The growth pace was the most rapid in 2014 an increase of X% y-o-y. Montenegro export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Dry Peas Imports

Imports into Montenegro

In 2018, the imports of peas (dry) into Montenegro stood at X tons, jumping by X% against the previous year. In general, dry peas imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Montenegro imports peaked at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, dry peas imports amounted to $X in 2018. In general, dry peas imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. In that year, dry peas imports reached their peak of $X. From 2009 to 2018, the growth of dry peas imports remained at a somewhat lower figure.

Imports by Country

In 2018, India (X tons) was the main importer of peas (dry), mixing up X% of total imports. It was distantly followed by China (X tons), Spain (X tons) and Bangladesh (X tons), together creating a X% share of total imports. The U.S. (X tons), Germany (X tons), Pakistan (X tons), Belgium (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to dry peas imports into India stood at +X%. At the same time, Spain (+X%), the U.S. (+X%), China (+X%), Pakistan (+X%), Germany (+X%), Italy (+X%), Bangladesh (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. India (+X p.p.), China (+X p.p.), Spain (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported peas (dry) into Montenegro, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in India stood at +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2018, the dry peas import price in Montenegro amounted to $X per ton, standing approx. at the previous year. Over the period under review, the dry peas import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, the import prices for peas (dry) attained their maximum at $X per ton in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform