Peru: Dry Peas Market 2024

Dry Peas Market Size in Peru

After two years of decline, the Peruvian dry peas market increased by X% to $X in 2023. In general, consumption, however, continues to indicate a relatively flat trend pattern. Dry peas consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Dry Peas Production in Peru

In value terms, dry peas production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Dry peas production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

In 2023, the average dry peas yield in Peru declined to X tons per ha, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the average dry peas yield reached the peak level at X tons per ha in 2022, and then declined modestly 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 2023, the total area harvested in terms of peas (dry) production in Peru reached X ha, leveling off at 2022 figures. Over the period under review, the harvested area, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. The dry peas harvested area peaked at X ha in 2013; however, from 2014 to 2023, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports from Peru

In 2023, overseas shipments of peas (dry) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, dry peas exports surged to $X in 2023. In general, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Canada (X tons) and Spain (X tons) were the main destinations of dry peas exports from Peru, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Canada ($X) and Spain ($X) appeared to be the largest markets for dry peas exported from Peru worldwide, together comprising X% of total exports.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average dry peas export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Peru

In 2023, purchases abroad of peas (dry) was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, dry peas imports dropped modestly to $X in 2023. In general, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada (X tons) and the United States (X tons) were the main suppliers of dry peas imports to Peru.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the largest dry peas suppliers to Peru were Canada ($X) and the United States ($X).

Among the main suppliers, Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average dry peas import price stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform