Saint Vincent and the Grenadines: Pigeon Peas Market 2020

Pigeon Peas Market Size in Saint Vincent and the Grenadines

The revenue of the pigeon peas market in Saint Vincent and the Grenadines amounted to $X in 2018, waning by -X% against the previous year. Overall, the total market indicated a temperate increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pigeon peas consumption decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. In that year, the pigeon peas market reached its peak level of $X. From 2016 to 2018, the growth of the pigeon peas market failed to regain its momentum.

Pigeon Peas Production in Saint Vincent and the Grenadines

In value terms, pigeon peas production totaled $X in 2018 estimated in export prices. Over the period under review, pigeon peas production continues to indicate a modest expansion. The growth pace was the most rapid in 2015 when production volume increased by X% y-o-y. In that year, pigeon peas production reached its peak level of $X. From 2016 to 2018, pigeon peas production growth remained at a somewhat lower figure.

Average yield of pigeon peas in Saint Vincent and the Grenadines totaled X ton per ha in 2018, increasing by X% against the previous year. Overall, the yield indicated a buoyant increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pigeon peas yield increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when yield increased by X% against the previous year. The global pigeon peas yield peaked at X ton per ha in 2013; however, from 2014 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the pigeon peas harvested area in Saint Vincent and the Grenadines stood at X ha, approximately equating the previous year. In general, the pigeon peas harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to pigeon peas production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Pigeon Peas Exports

Exports by Country

The countries with the highest levels of pigeon peas exports in 2018 were Mozambique (X tons), together resulting at X% of total export.

Mozambique was also the fastest-growing in terms of the pigeon peas exports, with a CAGR of +X% from 2007 to 2018. While the share of Mozambique (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) also remains the largest pigeon peas supplier from Saint Vincent and the Grenadines.

From 2007 to 2018, the average annual rate of growth in terms of value in Mozambique amounted to +X%.

Export Prices by Country

In 2018, the pigeon peas export price in Saint Vincent and the Grenadines amounted to $X per ton, stabilizing at the previous year. In general, the pigeon peas export price continues to indicate a relatively flat trend pattern.

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

From 2007 to 2018, the rate of growth in terms of prices for Mozambique amounted to -X% per year.

Pigeon Peas Imports

Imports into Saint Vincent and the Grenadines

In 2018, the pigeon peas imports into Saint Vincent and the Grenadines amounted to X tons, surging by X% against the previous year. In general, pigeon peas imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Saint Vincent and the Grenadines imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, pigeon peas imports amounted to $X in 2018. Overall, pigeon peas imports continue to indicate a temperate increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, pigeon peas imports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

India dominates pigeon peas imports structure, accounting for X tons, which was near X% of total imports in 2018. The U.S. (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the pigeon peas imports, with a CAGR of +X% from 2007 to 2018. At the same time, the U.S. (+X%) displayed positive paces of growth. While the share of India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pigeon peas into Saint Vincent and the Grenadines, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports.

From 2007 to 2018, the average annual rate of growth in terms of value in India totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Saint Vincent and the Grenadines (+X% per year).

Import Prices by Country

The pigeon peas import price in Saint Vincent and the Grenadines stood at $X per ton in 2018, falling by -X% against the previous year. In general, the pigeon peas import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2016 when the import price increased by X% year-to-year. Saint Vincent and the Grenadines import price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per ton), while India amounted to $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform