Asia: Chick Peas Market 2024

Chick Peas Market Size in Asia

In 2023, the Asian chick peas market increased by X% to $X, rising for the fourth year in a row after two years of decline. The total consumption indicated a noticeable 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Chick Peas Production in Asia

In value terms, chick peas production rose modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

India (X tons) remains the largest chick peas producing country in Asia, comprising approx. X% of total volume. Moreover, chick peas production in India exceeded the figures recorded by the second-largest producer, Turkey (X tons), more than tenfold. The third position in this ranking was held by Myanmar (X tons), with a X% share.

In India, chick peas production increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Myanmar (X% per year).

The average chick peas yield shrank modestly to X tons per ha in 2023, declining by X% on the year before. The yield figure 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of yield peaked at X tons per ha in 2022, and then declined slightly 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 chick peas production in Asia shrank slightly to X ha, dropping by X% compared with 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to chick peas production attained the peak figure at X ha in 2018; however, from 2019 to 2023, the harvested area failed to regain momentum.

Chick Peas Exports

Exports in Asia

Chick peas exports surged to X tons in 2023, with an increase of X% on 2022 figures. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, chick peas exports skyrocketed to $X in 2023. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

India (X tons) and Turkey (X tons) prevails in exports structure, together making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total exports. Myanmar (X tons) took a minor share of total exports.

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

In value terms, the largest chick peas supplying countries in Asia were Turkey ($X), India ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Turkey, 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 more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price, however, saw a slight slump. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Turkey ($X per ton) and India ($X per ton), while the United Arab Emirates ($X per ton) and Myanmar ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Chick Peas Imports

Imports in Asia

In 2023, imports of chick peas in Asia skyrocketed to X tons, with an increase of X% compared with 2022. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, chick peas imports soared to $X in 2023. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Pakistan prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2023. Turkey (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (X%) and India (X%). The United Arab Emirates (X tons) held a little share of total imports.

Pakistan was also the fastest-growing in terms of the chick peas imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Bangladesh (X%) and the United Arab Emirates (X%) displayed positive paces of growth. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.), Bangladesh (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) constitutes the largest market for imported chick peas in Asia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Pakistan totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid 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 remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform