South-Eastern Asia: Dry Peas Market 2025

Dry Peas Market Size in South-Eastern Asia

In 2021, the Southeast Asian dry peas market decreased by -4.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Dry Peas Production in South-Eastern Asia

In value terms, dry peas production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Myanmar (X tons) remains the largest dry peas producing country in South-Eastern Asia, comprising approx. 94% of total volume. Moreover, dry peas production in Myanmar exceeded the figures recorded by the second-largest producer, Lao People's Democratic Republic (X tons), more than tenfold.

In Myanmar, dry peas production decreased by an average annual rate of -5.8% over the period from 2012-2021.

In 2021, the average yield of peas (dry) in South-Eastern Asia stood at X kg per ha, surging by 3.4% compared with the previous year's figure. In general, the yield, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when the yield increased by 3.4% against the previous year. Over the period under review, the dry peas yield reached the peak level at X tons per ha in 2013; however, from 2014 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of peas (dry) were harvested in South-Eastern Asia; with a decrease of -3.2% against the previous year. In general, the harvested area showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 6.7%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Dry Peas Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of peas (dry) were exported in South-Eastern Asia; dropping by -2.5% on 2020 figures. Overall, exports, however, saw tangible growth. The growth pace was the most rapid in 2020 with an increase of 259% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, dry peas exports expanded remarkably to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 374% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Myanmar prevails in exports structure, finishing at X tons, which was near 96% of total exports in 2021. Vietnam (X tons) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the peas (dry) exports, with a CAGR of +7.4% from 2012 to 2021. At the same time, Vietnam (+4.5%) displayed positive paces of growth. While the share of Myanmar (+23 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest dry peas supplier in South-Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Vietnam ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Myanmar totaled +10.5%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 10% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas export price increased by +74.1% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 32%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Myanmar amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.7%).

Dry Peas Imports

Imports in South-Eastern Asia

After two years of growth, overseas purchases of peas (dry) decreased by -14.8% to X tons in 2021. Total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, dry peas imports declined slightly to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X tons) represented the key importer of peas (dry), creating 47% of total imports. Malaysia (X tons) took a 26% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (9.2%) and Indonesia (8.4%). The following importers - Vietnam (X tons) and Myanmar (X tons) - each recorded an 8.2% share of total imports.

From 2012 to 2021, the biggest increases were in Myanmar (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) constitutes the largest market for imported peas (dry) in South-Eastern Asia, comprising 48% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 24% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the Philippines stood at +7.4%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-0.5% per year) and Thailand (+3.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :