Dry Peas Market in Italy

For the sixth year in a row, the Italian dry peas market recorded growth in sales value, which increased by % to $ in . Over the period under review, consumption enjoyed a prominent increase. Dry peas consumption peaked in and is likely to continue growth in the near future.

In value terms, dry peas production expanded modestly to $ in estimated in export price. Overall, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by %. Dry peas production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.

The average yield of peas (dry) in Italy rose slightly to tons per ha in , growing by % on the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by %. Over the period under review, the average dry peas yield hit record highs at tons per ha in 2007; however, from 2008 to , the yield stood 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.

In , approx. ha of peas (dry) were harvested in Italy; picking up by % on the previous year. In general, the harvested area posted notable growth. The growth pace was the most rapid in 2012 with an increase of %. Over the period under review, the harvested area dedicated to dry peas production reached the peak figure at ha in 2019; however, from to , the harvested area remained at a lower figure.

In , approx. tons of peas (dry) were consumed in Italy; picking up by % on the previous year. In general, consumption saw a prominent increase. Over the period under review, consumption hit record highs in and is expected to retain growth in the immediate term.

The revenue of the dry peas market in Italy skyrocketed to $ in , growing 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). Over the period under review, consumption showed a strong expansion. Dry peas consumption peaked in and is expected to retain growth in the near future.

Driven by increasing demand for dry peas in Italy, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

Driven by a growing demand, the share of imports in total supply in Italy increased significantly over the last fourteen years (from % to %).

Italy remains a net importer of dry peas; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.