Pigeon Peas Market in Turkey
Market Overview
In 
, the Turkish pigeon peas market increased by % to $, rising for the second consecutive year after three years of decline. Over the period under review, consumption posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of % y-o-y. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.
In value terms, pigeon peas production amounted to $ in estimated in export prices. Overall, the total production indicated a buoyant expansion from 2012 to : its value increased at an average annual rate of +% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of % against the previous year. Pigeon peas production peaked in and is likely to continue growth in the immediate term.
The average yield of pigeon peas in Turkey stood at kg per ha in , approximately reflecting 2019. Overall, the yield showed a relatively flat trend pattern. 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 pigeon peas were harvested in Turkey; remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.
, the Turkish pigeon peas market increased by % to $, rising for the second consecutive year after three years of decline. Over the period under review, consumption posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of % y-o-y. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.In value terms, pigeon peas production amounted to $
in estimated in export prices. Overall, the total production indicated a buoyant expansion from 2012 to : its value increased at an average annual rate of +% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of % against the previous year. Pigeon peas production peaked in and is likely to continue growth in the immediate term.The average yield of pigeon peas in Turkey stood at
kg per ha in , approximately reflecting 2019. Overall, the yield showed a relatively flat trend pattern. 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 pigeon peas were harvested in Turkey; remaining stable against the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.Consumption
In , consumption of pigeon peas increased by % to tonnes, rising for the second year in a row after six years of decline. Over the period under review, consumption posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of % year-to-year. Pigeon peas consumption peaked in and is likely to continue growth in years to come.
The revenue of the pigeon peas market in Turkey expanded slightly to $ in , surging 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 a strong expansion. The pace of growth appeared the most rapid in 2019 when the market value increased by % year-to-year. Pigeon peas consumption peaked in and is likely to continue growth in years to come.
, consumption of pigeon peas increased by % to tonnes, rising for the second year in a row after six years of decline. Over the period under review, consumption posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of % year-to-year. Pigeon peas consumption peaked in and is likely to continue growth in years to come.The revenue of the pigeon peas market in Turkey expanded slightly to $
in , surging 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 a strong expansion. The pace of growth appeared the most rapid in 2019 when the market value increased by % year-to-year. Pigeon peas consumption peaked in and is likely to continue growth in years to come.Market Forecast
Driven by increasing demand for pigeon peas in Turkey, 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 tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of pigeon peas in Turkey were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for pigeon peas.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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