Russian Federation: Dry Peas Market 2024

Dry Peas Market Size in the Russian Federation

In 2023, the Russian dry peas market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted mild growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Dry Peas Production in the Russian Federation

In value terms, dry peas production rose remarkably to $X in 2023 estimated in export price. In general, production, however, saw a pronounced increase. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

In 2023, the average dry peas yield in Russia totaled X tons per ha, standing approx. at the previous year. Overall, the yield indicated a notable increase from 2012 to 2023: its figure 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, dry peas yield decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the yield increased by X%. The dry peas yield peaked at X tons per ha in 2017; however, from 2018 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 peas (dry) production in Russia reduced to X ha, which is down by X% against the previous year's figure. Overall, the total harvested area indicated a noticeable increase from 2012 to 2023: its figure 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, dry peas harvested area increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The dry peas harvested area peaked at X ha in 2022, and then fell in the following year.

Dry Peas Exports

Exports from the Russian Federation

In 2023, the amount of peas (dry) exported from Russia skyrocketed to X tons, picking up by X% against 2022. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked in 2023 and are likely to see steady growth in years to come.

In value terms, dry peas exports skyrocketed to $X in 2023. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), Spain (X tons) and Turkey (X tons) were the main destinations of dry peas exports from Russia, with a combined X% share of total exports.

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

In value terms, China ($X) emerged as the key foreign market for peas (dry) exports from Russia, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the average dry peas export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Italy ($X per ton), while the average price for exports to Spain ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into the Russian Federation

In 2023, the amount of peas (dry) imported into Russia dropped to X tons, which is down by X% against 2022. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, dry peas imports dropped remarkably to $X in 2023. The total import value 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 growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2023, Germany (X tons) constituted the largest dry peas supplier to Russia, accounting for a X% share of total imports. Moreover, dry peas imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of peas (dry) to Russia, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

The average dry peas import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then reduced in the following year.

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

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

Source: IndexBox Platform