South-Eastern Asia: Green Peas Market 2025

Green Peas Market Size in South-Eastern Asia

The Southeast Asian green peas market surged to $X in 2022, growing by 24% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Green Peas Production in South-Eastern Asia

In value terms, green peas production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were the Philippines (X tons), Vietnam (X tons) and Thailand (X tons), with a combined 85% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Vietnam (with a CAGR of +0.7%), while production for the other leaders experienced mixed trends in the production figures.

The average green peas yield was estimated at X tons per ha in 2022, flattening at 2021 figures. Over the period under review, the yield showed a mild increase. The most prominent rate of growth was recorded in 2014 when the yield increased by 13%. The level of yield peaked at X tons per ha in 2015; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green peas harvested area reached X ha in 2022, approximately equating the year before. Overall, the harvested area, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Green Peas Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of peas (green) were exported in South-Eastern Asia; shrinking by -25.6% on the year before. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, green peas exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 44%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) represented roughly 82% of total exports in 2022. It was distantly followed by Malaysia (X tons) and Myanmar (X tons), together creating a 16% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +8.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) remains the largest green peas supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Thailand ($X), with a 20% share of total exports. It was followed by Malaysia, with a 13% share.

In Vietnam, green peas exports expanded at an average annual rate of +32.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-2.5% per year) and Malaysia (+6.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 73% against the previous year. In general, the export price saw prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.5%), while the other leaders experienced more modest paces of growth.

Green Peas Imports

Imports in South-Eastern Asia

In 2022, the amount of peas (green) imported in South-Eastern Asia skyrocketed to X tons, rising by 22% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by 22%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, green peas imports skyrocketed to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Thailand was the main importer of peas (green) in South-Eastern Asia, with the volume of imports amounting to X tons, which was near 46% of total imports in 2022. Vietnam (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons) and Indonesia (X tons). All these countries together held approx. 49% share of total imports. Singapore (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +42.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest green peas importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Thailand ($X), with a combined 89% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +39.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 21% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green peas import price increased by +67.1% against 2018 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 29%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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