Report Update Nov 1, 2024

Peru - Pigeon Peas - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Pigeon Peas Market 2024

Pigeon Peas Market Size in Peru

After two years of growth, the Peruvian pigeon peas market decreased by -21.2% to $X in 2021. In general, consumption saw a abrupt shrinkage. Pigeon peas consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Pigeon Peas Production in Peru

In value terms, pigeon peas production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. Pigeon peas production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average pigeon peas yield in Peru stood at less than X kg per ha, leveling off at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. 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 pigeon peas in Peru amounted to less than X ha, approximately reflecting the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Pigeon Peas Exports

Exports from Peru

After three years of growth, overseas shipments of pigeon peas decreased by -34.4% to X tons in 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 137%. The exports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, pigeon peas exports declined significantly to $X in 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 108% against the previous year. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

The United States (X tons) was the main destination for pigeon peas exports from Peru, with a 48% share of total exports. Moreover, pigeon peas exports to the United States exceeded the volume sent to the second major destination, Panama (X tons), fivefold. The third position in this ranking was held by Portugal (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+25.9% per year) and Portugal (+9.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for pigeon peas exports from Peru, comprising 49% of total exports. The second position in the ranking was taken by Panama ($X), with a 9.8% share of total exports. It was followed by Portugal, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+22.3% per year) and Portugal (+7.6% per year).

Export Prices by Country

The average pigeon peas export price stood at $X per ton in 2021, growing by 28% against the previous year. Over the period under review, the export price, however, showed a noticeable decline. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Spain (+3.5%), while the prices for the other major destinations experienced a decline.

Pigeon Peas Imports

Imports into Peru

In 2021, the amount of pigeon peas imported into Peru fell to X tons, reducing by -14.7% compared with the previous year. In general, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 217%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, pigeon peas imports expanded rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 360%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Ecuador (X tons) was the main pigeon peas supplier to Peru, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ecuador stood at -5.0%.

In value terms, Ecuador ($X) constituted the largest supplier of pigeon peas to Peru.

From 2012 to 2021, the average annual growth rate of value from Ecuador was relatively modest.

Import Prices by Country

The average pigeon peas import price stood at $X per ton in 2021, rising by 24% against the previous year. Overall, the import price showed resilient growth. The pace of growth was the most pronounced in 2019 an increase of 45%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to +6.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pigeon peas in the world?

India remains the largest pigeon peas consuming country worldwide, comprising approx. 77% of total volume. Moreover, pigeon peas consumption in India exceeded the figures recorded by the second-largest consumer, Malawi, tenfold. Myanmar ranked third in terms of total consumption with a 6% share.

What are the largest producers of pigeon peas in the world?

The country with the largest volume of pigeon peas production was India, comprising approx. 71% of total volume. Moreover, pigeon peas production in India exceeded the figures recorded by the second-largest producer, Malawi, ninefold. The third position in this ranking was occupied by Myanmar, with a 6.2% share.

What are the leading suppliers of pigeon peas to Peru?

In value terms, Ecuador constituted the largest supplier of pigeon peas to Peru.

What are the leading importers of pigeon peas from Peru?

In value terms, the Dominican Republic, Cabo Verde and the U.S. were the largest markets for pigeon peas exported from Peru worldwide, together comprising 67% of total exports.

What is the average export price for pigeon peas in Peru?

In 2020, the average pigeon peas export price amounted to $1,006 per ton, approximately equating the previous year.

What is the average import price for pigeon peas in Peru?

The average pigeon peas import price stood at $597 per ton in 2020, growing by 30% against the previous year.

This report provides an in-depth analysis of the pigeon peas market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 197 - Pigeon peas

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023