Dry Peas Market Overview in China
In value terms, dry peas production amounted to $ in estimated in export prices. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level in and is likely to see gradual growth in the immediate term.
In , the average yield of peas (dry) in China rose slightly to tonnes per ha, with an increase of % on 2019. 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 2011 with an increase of % year-to-year. The dry peas yield peaked at tonnes per ha in 2017; however, from 2018 to , 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 , the harvested area of peas (dry) in China contracted modestly to ha, almost unchanged from 2019 figures. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by % y-o-y. The dry peas harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain the momentum.
The size of the dry peas market in China skyrocketed to $ in , increasing 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, consumption recorded resilient growth. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level in and is likely to see steady growth in the near future.