Trinidad and Tobago: Pigeon Peas Market 2020

Pigeon Peas Market Size in Trinidad and Tobago

The revenue of the pigeon peas market in Trinidad and Tobago amounted to $X in 2018, declining by -X% against the previous year. Overall, pigeon peas consumption continues to indicate a significant decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Trinidad and Tobago pigeon peas consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Pigeon Peas Production in Trinidad and Tobago

In value terms, pigeon peas production stood at $X in 2018 estimated in export prices. In general, pigeon peas production continues to indicate an abrupt curtailment. The growth pace was the most rapid in 2015 when production volume increased by X% against the previous year. In that year, pigeon peas production attained its peak level of $X. From 2016 to 2018, pigeon peas production growth remained at a somewhat lower figure.

Average yield of pigeon peas in Trinidad and Tobago amounted to X ton per ha in 2018, coming down by -X% against the previous year. Over the period under review, the pigeon peas yield continues to indicate a drastic slump. The pace of growth was the most pronounced in 2017 when yield increased by X% year-to-year. Over the period under review, the pigeon peas yield attained its peak figure level at X ton per ha in 2007; however, from 2008 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of pigeon peas were harvested in Trinidad and Tobago; picking up by X% against the previous year. Overall, the pigeon peas harvested area continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2008 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to pigeon peas production attained its maximum at X ha in 2010; however, from 2011 to 2018, harvested area failed to regain its momentum.

Pigeon Peas Exports

Exports by Country

Mozambique (X tons) represented roughly X% of total exports of pigeon peas in 2018.

Mozambique was also the fastest-growing in terms of the pigeon peas exports, with a CAGR of +X% from 2007 to 2018. From 2007 to 2018, the share of Mozambique increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) also remains the largest pigeon peas supplier from Trinidad and Tobago.

In Mozambique, pigeon peas exports increased at an average annual rate of +X% over the period from 2007-2018.

Export Prices by Country

The pigeon peas export price in Trinidad and Tobago stood at $X per ton in 2018, approximately equating the previous year. Over the period under review, the pigeon peas export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for pigeon peas reached their peak figure at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

As there is only one major export destination, the average price level is determined by prices for Mozambique.

From 2007 to 2018, the rate of growth in terms of prices for Mozambique amounted to -X% per year.

Pigeon Peas Imports

Imports into Trinidad and Tobago

In 2018, the pigeon peas imports into Trinidad and Tobago amounted to X tons, going up by X% against the previous year. Over the period under review, pigeon peas imports continue to indicate outstanding growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Trinidad and Tobago imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, pigeon peas imports amounted to $X in 2018. In general, pigeon peas imports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, pigeon peas imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

India prevails in pigeon peas imports structure, resulting at X tons, which was approx. X% of total imports in 2018. The U.S. (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the pigeon peas imports, with a CAGR of +X% from 2007 to 2018. At the same time, the U.S. (+X%) displayed positive paces of growth. India (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pigeon peas into Trinidad and Tobago, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports.

In India, pigeon peas imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Trinidad and Tobago (+X% per year).

Import Prices by Country

In 2018, the pigeon peas import price in Trinidad and Tobago amounted to $X per ton, going down by -X% against the previous year. Over the period under review, the pigeon peas import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X% year-to-year. Trinidad and Tobago import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per ton), while India stood at $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform