Europe: Dry Peas Market 2024

Dry Peas Market Size in Europe

The Europe dry peas market rose sharply to $X in 2023, growing by X% against the previous year. The total consumption indicated a resilient 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, consumption increased by X% against 2017 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Dry Peas Production in Europe

In value terms, dry peas production totaled $X in 2023 estimated in export price. The total production indicated a noticeable 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Russia (X tons) constituted the country with the largest volume of dry peas production, comprising approx. X% of total volume. Moreover, dry peas production in Russia exceeded the figures recorded by the second-largest producer, France (X tons), sevenfold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

In Russia, dry peas production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: France (X% per year) and Ukraine (X% per year).

The average dry peas yield totaled X tons per ha in 2023, remaining relatively unchanged against the previous year's figure. 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 2019 with an increase of X% against the previous year. Over the period under review, the dry peas yield reached the peak level at X tons per ha in 2017; however, from 2018 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 Europe fell to X ha, declining by X% against 2022 figures. The total harvested area indicated a moderate increase from 2012 to 2023: its figure 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 harvested area increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2023, the growth of the dry peas harvested area remained at a somewhat lower figure.

Dry Peas Exports

Exports in Europe

In 2023, overseas shipments of peas (dry) increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, dry peas exports declined to $X in 2023. Overall, exports showed a notable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then fell slightly in the following year.

Exports by Country

Russia represented the major exporter of peas (dry) in Europe, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Ukraine (X tons), France (X tons) and Latvia (X tons), together generating a X% share of total exports. The following exporters - Lithuania (X tons), the Czech Republic (X tons) and Estonia (X tons) - together made up X% of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Estonia (X%), Lithuania (X%), the Czech Republic (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, France (X%) illustrated a downward trend over the same period. While the share of Latvia (X p.p.), Lithuania (X p.p.), Russia (X p.p.) and Estonia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ukraine (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest dry peas supplier in Europe, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Dry Peas Imports

Imports in Europe

In 2023, supplies from abroad of peas (dry) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, dry peas imports soared to $X in 2023. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in the near future.

Imports by Country

Spain represented the major importer of peas (dry) in Europe, with the volume of imports recording X tons, which was near X% of total imports in 2023. Italy (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Latvia (X%), Germany (X%), the Netherlands (X%), Norway (X%) and Belgium (X%).

Imports into Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Norway (X%), Germany (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Latvia, Spain, Norway and Germany increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported peas (dry) in Europe, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a slight slump. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 the Netherlands ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform