ASEAN: Dry Peas Market 2024

Dry Peas Market Size in ASEAN

The ASEAN dry peas market dropped to $X in 2023, declining by X% against the previous year. In general, consumption, however, recorded perceptible growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Dry Peas Production in ASEAN

In value terms, dry peas production expanded modestly to $X in 2023 estimated in export price. The total production indicated a moderate 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Myanmar (X tons) constituted the country with the largest volume of dry peas production, comprising approx. X% of total volume. Moreover, dry peas production in Myanmar exceeded the figures recorded by the second-largest producer, Lao People's Democratic Republic (X tons), more than tenfold.

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

In 2023, the average dry peas yield in ASEAN reduced modestly to X kg per ha, declining by X% compared with 2022. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. The level of yield peaked at X kg per ha in 2016; however, from 2017 to 2023, the 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 total area harvested in terms of peas (dry) production in ASEAN expanded slightly to X ha, increasing by X% compared with the previous year's figure. Overall, the harvested area, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to dry peas production attained the peak figure at X ha in 2015; however, from 2016 to 2023, the harvested area remained at a lower figure.

Dry Peas Exports

Exports in ASEAN

In 2023, approx. X tons of peas (dry) were exported in ASEAN; waning by X% against the previous year's figure. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, dry peas exports dropped sharply to $X in 2023. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked 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) was the major exporter of peas (dry), achieving X% of total exports. It was distantly followed by Thailand (X tons) and Myanmar (X tons), together making up a X% share of total exports. Indonesia (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to dry peas exports from Malaysia stood at X%. 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, with a combined X% share of total exports.

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

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure 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 declined sharply to X tons in 2023, reducing by X% against the previous year. Overall, imports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained 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 reduced remarkably to $X in 2023. Total imports indicated a temperate 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 2018 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

The Philippines (X tons) and Malaysia (X tons) were the largest importers of peas (dry) in 2023, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together comprising a X% share of total imports. Vietnam (X tons) took 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, the largest dry peas importing markets in ASEAN were the Philippines ($X), Malaysia ($X) and Thailand ($X), together accounting for X% of total imports. Indonesia and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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, dropping by X% against the previous year. Import price indicated a temperate 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 most prominent rate of growth was recorded 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 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