Report Update Nov 1, 2024

Singapore - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Dry Peas Market 2024

Dry Peas Market Size in Singapore

The Singaporean dry peas market rose slightly to $X in 2021, increasing by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Dry Peas Exports

Exports from Singapore

Dry peas exports from Singapore fell markedly to X tons in 2021, reducing by -58.8% compared with 2020 figures. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 247% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dry peas exports fell rapidly to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 253% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons), Mauritius (X tons) and Malaysia (X tons) were the main destinations of dry peas exports from Singapore, together accounting for 95% of total exports.

From 2012 to 2021, the biggest increases were in Mauritius (with a CAGR of +66.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Brunei Darussalam ($X) remains the key foreign market for dry peas exports from Singapore, comprising 50% of total exports. The second position in the ranking was held by Seychelles ($X), with a 17% share of total exports. It was followed by Mauritius, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Brunei Darussalam totaled +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (-17.0% per year) and Mauritius (+82.2% per year).

Export Prices by Country

The average dry peas export price stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Seychelles ($X per ton), while the average price for exports to Mauritius ($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 Canada (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Singapore

In 2021, approx. X tons of peas (dry) were imported into Singapore; with a decrease of -2.2% compared with 2020. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 188% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dry peas imports fell modestly to $X in 2021. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 253%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada (X tons), Malawi (X tons) and New Zealand (X tons) were the main suppliers of dry peas imports to Singapore, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +135.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry peas suppliers to Singapore were Canada ($X), Malawi ($X) and New Zealand ($X), together accounting for 83% of total imports.

Canada, with a CAGR of +143.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry peas import price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas import price increased by +9.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+71.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peas (dry) in the world?

The country with the largest volume of dry peas consumption was China, accounting for 27% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Canada, twofold. The third position in this ranking was occupied by Russia, with a 9.5% share.

What are the largest producers of peas (dry) in the world?

The countries with the highest volumes of dry peas production in 2021 were Canada, Russia and China, with a combined 58% share of global production. These countries were followed by the United States, India, France, Ukraine, Ethiopia, Lithuania and Germany, which together accounted for a further 27%.

What are the leading suppliers of peas (dry) to Singapore?

In value terms, New Zealand constituted the largest supplier of dry peas to Singapore, comprising 69% of total imports. The second position in the ranking was occupied by India, with a 13% share of total imports. It was followed by Ukraine, with a 6.3% share.

What are the leading importers of peas (dry) from Singapore?

In value terms, Pakistan emerged as the key foreign market for dry peas exports from Singapore, comprising 62% of total exports. The second position in the ranking was occupied by the UK, with a 20% share of total exports. It was followed by Fiji, with a 7.6% share.

What is the average export price for peas (dry) in Singapore?

In 2021, the average dry peas export price amounted to $1,361 per ton, reducing by -7.9% against the previous year.

What is the average import price for peas (dry) in Singapore?

In 2021, the average dry peas import price amounted to $728 per ton, falling by -11.8% against the previous year.

This report provides an in-depth analysis of the dry peas market in Singapore. 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 187 - Peas, dry

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
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