Pakistan: Green Peas Market 2024

Green Peas Market Size in Pakistan

After three years of growth, the Pakistani green peas market decreased by -20.3% to $X in 2022. Overall, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Green Peas Production in Pakistan

In value terms, green peas production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 117% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The average yield of peas (green) in Pakistan contracted to X tons per ha in 2022, with a decrease of -5.6% against the previous year. The yield figure increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the yield increased by 21% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area in Pakistan dropped remarkably to X ha in 2022, waning by -25.8% on the previous year. Over the period under review, the harvested area, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 when the harvested area increased by 107% against the previous year. As a result, the harvested area reached the peak level of X ha, and then dropped rapidly in the following year.

Green Peas Exports

Exports from Pakistan

In 2022, shipments abroad of peas (green) decreased by -61% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2017 when exports increased by 165%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, green peas exports dropped markedly to $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 321% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for green peas exports from Pakistan, accounting for a 85% share of total exports. Moreover, green peas exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold. Oman (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+5.5% per year) and Oman (+21.3% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for peas (green) exports from Pakistan, comprising 83% of total exports. The second position in the ranking was held by Qatar ($X), with a 6.9% share of total exports. It was followed by Oman, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+14.6% per year) and Oman (+28.2% per year).

Export Prices by Country

In 2022, the average green peas export price amounted to $X per ton, jumping by 26% against the previous year. Overall, the export price recorded prominent growth. The growth pace was the most rapid in 2020 an increase of 60%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($X per ton) and Kuwait ($X per ton), while the average price for exports to Oman ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Pakistan

In 2022, supplies from abroad of peas (green) decreased by -22.7% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 346%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, green peas imports shrank notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 304% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of green peas to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +49.9%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of peas (green) to Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +48.0%.

Import Prices by Country

In 2022, the average green peas import price amounted to $X per ton, dropping by -4% against the previous year. Overall, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 71%. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.3% per year.

Source: IndexBox Platform

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