Singapore: Dry Peas Market 2025

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

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