Updated Oct 24, 2022 00:00

Pulses Market in Japan

Market Overview
The Japanese pulses market rose modestly to $ in , increasing 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). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pulses consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.

In value terms, pulses production skyrocketed to $ in estimated in export price. Over the period under review, production showed moderate growth. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.

In , the average yield of pulses in Japan surged to tons per ha, picking up by % compared with the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by % against the previous year. The pulses yield peaked at tons per ha in 2015; however, from 2016 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.

The pulses harvested area in Japan reduced modestly to ha in , waning by -% compared with . Over the period under review, the harvested area continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in with an increase of % against the previous year. The pulses harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain momentum.


Consumption
For the third consecutive year, Japan recorded decline in consumption of pulses, which decreased by -% to tons in . Overall, consumption showed a noticeable decline. Pulses consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The value of the pulses market in Japan stood at $ 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). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $ in 2014; however, from 2015 to , consumption failed to regain momentum.


Consumption by Type
Beans (dry) ( tons) constituted the product with the largest volume of consumption, comprising approx. % of total volume. Moreover, beans (dry) exceeded the figures recorded for the second-largest type, peas (dry) ( tons), eightfold. Broad beans and horse beans (dry) ( tons) ranked third in terms of total consumption with a % share.

From 2007 to , the average annual rate of growth in terms of the volume of beans (dry) consumptions amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: peas (dry) (+% per year) and broad beans and horse beans (dry) (-% per year).

In value terms, beans (dry) ($) led the market, alone. The second position in the ranking was taken by peas (dry) ($). It was followed by broad beans and horse beans (dry).

From 2007 to , the average annual rate of growth in terms of the value of beans (dry) markets was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: peas (dry) (+% per year) and broad beans and horse beans (dry) (+% per year).


Market Forecast
Depressed by shrinking demand for pulses in Japan, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Trade Balance
Japan remains a net importer of pulses; 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.