ASEAN: Dry Peas Market 2024

Dry Peas Market Size in ASEAN

The ASEAN dry peas market declined to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a tangible expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Dry Peas Production in ASEAN

In value terms, dry peas production amounted to $X in 2023 estimated in export price. The total production indicated a remarkable increase from 2012 to 2023: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

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

From 2012 to 2023, the average annual growth rate of volume in Myanmar stood at X%.

The average dry peas yield contracted to X kg per ha in 2023, falling by X% compared with 2022. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the yield attained the peak level of X kg per ha. From 2019 to 2023, the growth of the dry peas yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of peas (dry) in ASEAN expanded slightly to X ha, increasing by X% against 2022. Over the period under review, the harvested area, however, showed a slight descent. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production attained the maximum at X ha in 2015; however, from 2016 to 2023, the harvested area failed to regain momentum.

Dry Peas Exports

Exports in ASEAN

Dry peas exports reduced remarkably to X tons in 2023, falling by X% compared with the year before. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, dry peas exports plummeted to $X in 2023. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Malaysia (X tons) represented the main exporter of peas (dry), mixing up X% of total exports. Thailand (X tons) held the second position in the ranking, distantly followed by Myanmar (X tons). All these countries together took approx. X% share of total exports. Indonesia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Thailand (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Vietnam (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X), Thailand ($X) and Myanmar ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, increasing by X% 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 export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2023.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Dry Peas Imports

Imports in ASEAN

Dry peas imports fell notably to X tons in 2023, dropping by X% compared with 2022. In general, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, dry peas imports shrank notably to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value 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 increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The Philippines (X tons) and Malaysia (X tons) represented the largest importers of peas (dry) in 2023, reaching approx. X% and X% of total imports, respectively. Thailand (X tons) held the next position in the ranking, followed by Indonesia (X tons). All these countries together held near X% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

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, the Philippines ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Indonesia and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, declining by X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price 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, dry peas import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform