Spain: Dry Peas Market 2024

Dry Peas Market Size in Spain

The Spanish dry peas market reduced notably to $X in 2021, falling by -23.8% against the previous year. In general, consumption, however, showed a mild expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Dry Peas Production in Spain

In value terms, dry peas production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 108%. Dry peas production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average dry peas yield in Spain reduced markedly to X tons per ha, shrinking by -23.3% compared with the year before. Overall, the yield, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2013 when the yield increased by 85% against the previous year. Over the period under review, the average dry peas yield attained the maximum level at X tons per ha in 2020, and then contracted markedly in the following year. 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 Spain; growing by 12% on the previous year's figure. In general, the harvested area, however, recorded a mild slump. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 16% against the previous year. The dry peas harvested area peaked at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Dry Peas Exports

Exports from Spain

Dry peas exports from Spain surged to X tons in 2021, picking up by 33% on the previous year. In general, exports showed a temperate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 117% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, dry peas exports skyrocketed to $X in 2021. Overall, exports enjoyed noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Portugal (X tons) and Belgium (X tons) were the main destinations of dry peas exports from Spain, together comprising 90% of total exports. These countries were followed by Italy, Cuba and Morocco, which together accounted for a further 9.1%.

From 2012 to 2021, the biggest increases were in Cuba (with a CAGR of +77.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dry peas exported from Spain were France ($X), Portugal ($X) and Cuba ($X), together comprising 82% of total exports.

Cuba, with a CAGR of +82.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per ton, rising by 9.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cuba ($X per ton), while the average price for exports to France ($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 Portugal (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Spain

In 2021, purchases abroad of peas (dry) decreased by -31.5% to X tons, falling for the third year in a row after three years of growth. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 972%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, dry peas imports contracted to $X in 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 687% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest dry peas supplier to Spain, accounting for a 70% share of total imports. Moreover, dry peas imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-9.4% per year) and France (+4.8% per year).

In value terms, Russia ($X) constituted the largest supplier of dry peas to Spain, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Ukraine, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.9% per year) and Ukraine (-12.3% per year).

Import Prices by Country

The average dry peas import price stood at $X per ton in 2021, jumping by 33% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 34%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Argentina ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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