South-Eastern Asia: Chick Peas Market 2024

Chick Peas Market Size in South-Eastern Asia

The Southeast Asian chick peas market was finally on the rise to reach $X in 2023, after two years of decline. In general, consumption, however, saw a noticeable slump. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Chick Peas Production in South-Eastern Asia

In value terms, chick peas production stood at $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Myanmar (X tons) constituted the country with the largest volume of chick peas production, accounting for X% of total volume.

In Myanmar, chick peas production contracted by an average annual rate of X% over the period from 2012-2023.

The average chick peas yield shrank to X tons per ha in 2023, almost unchanged from the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2023, 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.

In 2023, the total area harvested in terms of chick peas production in South-Eastern Asia rose slightly to X ha, growing by X% on the previous year's figure. Overall, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2023, the growth of the chick peas harvested area failed to regain momentum.

Chick Peas Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of chick peas decreased by X% to X tons, falling for the fifth consecutive year after five years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, chick peas exports fell remarkably to $X in 2023. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. The following exporters - Malaysia (X tons) and Singapore (X tons) - each amounted to a X% share of total exports.

Myanmar experienced a relatively flat trend pattern with regard to volume of exports of chick peas. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest chick peas supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Myanmar was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Chick Peas Imports

Imports in South-Eastern Asia

In 2023, imports of chick peas in South-Eastern Asia reached X tons, surging by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, chick peas imports totaled $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Malaysia represented the key importer of chick peas in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Singapore (X tons) held the second position in the ranking, distantly followed by the Philippines (X tons) and Thailand (X tons). All these countries together took near X% share of total imports. Vietnam (X tons), Indonesia (X tons) and Brunei Darussalam (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported chick peas in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia was relatively modest. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Thailand ($X per ton) and Brunei Darussalam ($X per ton), while Singapore ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform