Dry Peas Market Overview in Belgium
In value terms, dry peas production shrank to $ in 2019 estimated in export prices. Overall, production recorded a mild expansion. The pace of growth was the most pronounced in 2009 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2010 to 2019, production growth failed to regain the momentum.
In 2019, the average yield of peas (dry) in Belgium totaled tonnes per ha, surging by % on the previous year. Over the period under review, the yield indicated slight growth from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, dry peas yield increased by +% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of % y-o-y. As a result, the yield reached the peak level of tonnes per ha. From 2016 to 2019, the growth of the average dry peas 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 2019, approx. ha of peas (dry) were harvested in Belgium; waning by -% against the previous year's figure. In general, the harvested area showed a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the harvested area increased by % y-o-y. The dry peas harvested area peaked at ha in 2010; however, from 2011 to 2019, the harvested area stood at a somewhat lower figure.
The size of the dry peas market in Belgium soared to $ in 2019, 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 posted a remarkable increase. The growth pace was the most rapid in 2016 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.