Italy: Green Peas Market 2024

Green Peas Market Size in Italy

In 2023, the Italian green peas market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Green Peas Production in Italy

In value terms, green peas production rose to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Green peas production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

The average yield of peas (green) in Italy rose significantly to X tons per ha in 2023, increasing by X% on 2022 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2023, the growth of the average green 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, approx. X ha of peas (green) were harvested in Italy; falling by X% against 2022 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to green peas production reached the maximum at X ha in 2022, and then reduced modestly in the following year.

Green Peas Exports

Exports from Italy

In 2023, approx. X tons of peas (green) were exported from Italy; declining by X% against 2022 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, green peas exports reached $X in 2023. Overall, total exports indicated a pronounced increase 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X tons), France (X tons) and the Czech Republic (X tons) were the main destinations of green peas exports from Italy, together comprising X% of total exports. Germany, Switzerland, the Netherlands, the UK and Slovakia lagged somewhat behind, together comprising a further X%.

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

In value terms, Denmark ($X), France ($X) and the Czech Republic ($X) constituted the largest markets for green peas exported from Italy worldwide, together accounting for X% of total exports. Germany, the UK, Switzerland, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average green peas export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Switzerland ($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 Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Peas Imports

Imports into Italy

In 2023, the amount of peas (green) imported into Italy soared to X tons, growing by X% compared with the previous year. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, green peas imports reduced modestly to $X in 2023. In general, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the Czech Republic (X tons) constituted the largest supplier of green peas to Italy, accounting for a X% share of total imports. Moreover, green peas imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Austria (X% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of peas (green) to Italy, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

In 2023, the average green peas import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced 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 fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform