Thailand: Green Peas Market 2025

Green Peas Market Size in Thailand

The Thai green peas market skyrocketed to $X in 2022, increasing by 35% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.6% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Green Peas Production in Thailand

In value terms, green peas production expanded modestly to $X in 2022 estimated in export price. Overall, production posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 369% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of peas (green) in Thailand stood at X tons per ha in 2022, approximately mirroring 2021 figures. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. The green peas yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. 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 in Thailand totaled X ha in 2022, remaining stable against the previous year's figure. In general, the harvested area, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. The green peas harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Green Peas Exports

Exports from Thailand

In 2022, shipments abroad of peas (green) increased by 357% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, faced a deep setback. The growth pace was the most rapid in 2017 with an increase of 19,267%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, green peas exports soared to $X in 2022. Overall, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 18,609% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for green peas exports from Thailand, with a 79% share of total exports. Moreover, green peas exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Japan (X tons), fivefold. Cambodia (X tons) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-14.6% per year) and Cambodia (+19.8% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for peas (green) exports from Thailand, comprising 77% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by Cambodia, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-11.2% per year) and Cambodia (+16.6% per year).

Export Prices by Country

The average green peas export price stood at $X per ton in 2022, declining by -21.5% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2014 when the average export price increased by 175% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Thailand

Green peas imports into Thailand rose sharply to X tons in 2022, surging by 12% compared with 2021 figures. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, green peas imports surged to $X in 2022. In general, imports continue to indicate a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main green peas supplier to Thailand, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -5.0%.

In value terms, China ($X) constituted the largest supplier of peas (green) to Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.9%.

Import Prices by Country

The average green peas import price stood at $X per ton in 2022, with an increase of 46% against the previous year. In general, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.3% per year.

Source: IndexBox Platform

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