Dry Peas Market Overview in Bangladesh
In value terms, dry peas production totaled $ in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2016 indices. 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 hit record highs at $ in 2016; however, from 2017 to 2019, production remained at a lower figure.
The average yield of peas (dry) in Bangladesh expanded to tonnes per ha in 2019, with an increase of % on the previous year's figure. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by % y-o-y. Over the period under review, the average dry peas yield attained the maximum level in 2019 and is likely to see gradual growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The dry peas harvested area in Bangladesh rose modestly to ha in 2019, growing by % against 2018 figures. The harvested area increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when the harvested area increased by % y-o-y. The dry peas harvested area peaked at ha in 2017; however, from 2018 to 2019, the harvested area stood at a somewhat lower figure.
The value of the dry peas market in Bangladesh expanded sharply to $ in 2019, rising 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). Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of % against the previous year. Dry peas consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.