Pulses Market in China
In value terms, pulses production expanded modestly to $ in estimated in export price. Over the period under review, production posted a strong increase. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Pulses production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.
In , the average yield of pulses in China rose to tons per ha, picking up by % against the previous year. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2011 when the yield increased by %. The pulses yield peaked at tons 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 , approx. ha of pulses were harvested in China; approximately mirroring the previous year's figure. In general, the harvested area continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to pulses production reached the maximum at ha in 2007; however, from 2008 to , the harvested area remained at a lower figure.
The size of the pulses market in China reached $ in , picking up 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, however, saw prominent growth. Over the period under review, the market attained the maximum level in and is expected to retain growth in the immediate term.
From 2007 to , the average annual growth rate of the volume of consumption of peas (dry) totaled +%. With regard to the other consumed products, the following average annual rates of growth were recorded: broad beans and horse beans (dry) (+% per year) and beans (dry) (+% per year).
In value terms, the most traded types of pulses in China were broad beans and horse beans (dry) ($), beans (dry) ($) and peas (dry) ($), with a combined % share of the total market. pulses, nes, Chick peas and lentils lagged somewhat behind, together accounting for a further %.
Among the main consumed products, chick peas, with a CAGR of +%, saw the highest rates of growth with regard to market size, over the period under review, while market for the other products experienced more modest paces of growth.