Green Peas Market Overview in Chile
In value terms, green peas production reduced to $ in estimated in export prices. In general, production showed a noticeable expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by % year-to-year. Green peas production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
The average yield of peas (green) in Chile expanded slightly to tonnes per ha in , increasing by % compared with the previous year's figure. The yield figure increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2012 with an increase of % against the previous year. As a result, the yield reached the peak level of tonnes per ha. From 2013 to , the growth of the average green peas yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The green peas harvested area in Chile dropped slightly to ha in , which is down by -% on the previous year's figure. Over the period under review, the harvested area showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to green peas production attained the peak figure at ha in 2009; however, from 2010 to , the harvested area remained at a lower figure.
The revenue of the green peas market in Chile contracted slightly to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a modest expansion from 2007 to : its value decreased at an average annual rate of -% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.