In 2023, China and India led global pea demand, with China showing a moderate growth of 1.28% year-on-year. Russia exhibited a significant increase in demand at 4.19%. Canada and Spain also indicated steady growth, whereas the United States experienced a slight decline of 0.073%. Ukraine displayed remarkable expansion with a 6.54% rise, likely driven by increased agricultural focus. Several smaller markets, such as Lithuania and Bulgaria, showed the most substantial growth rates, indicating a noteworthy shift in demand patterns.
Future trends to watch include emerging markets like Ukraine and Tanzania due to their high growth rates. The decline in demand in the United States and strong growth in developing countries suggest a possible shift in global consumption patterns. Environmental factors and changes in agricultural policies could further influence these dynamics.
Top countries in Peas Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 3,470 | 2023 | +2.3% | +1.28% | View data |
| 2 | 2 India | 2,570 | 2023 | +0.63% | +0.39% | View data |
| 3 | 3 Russia | 1,660 | 2023 | +1.47% | +4.19% | View data |
| 4 | 4 Canada | 687 | 2023 | -0.87% | +3.55% | View data |
| 5 | 5 Spain | 585 | 2023 | +4.46% | +2.62% | View data |
| 6 | 6 France | 479 | 2023 | +0.84% | +1.81% | View data |
| 7 | 7 Bangladesh | 416 | 2023 | +0.73% | +0.44% | View data |
| 8 | 8 Ethiopia | 403 | 2023 | +1% | +0.61% | View data |
| 9 | 9 Ukraine | 372 | 2023 | +2.48% | +6.54% | View data |
| 10 | 10 Germany | 345 | 2023 | +1.47% | +0.83% | View data |
