In 2023, India held a dominant position in the global peas market with 39.69 thousand metric tons, significantly outpacing China at 12.5. Compared to the previous year, India experienced a modest 0.63% growth, while China's growth was 0.38%. Notably, Ethiopia and Bangladesh saw strong growth rates of 0.83% and 0.86%, respectively. Meanwhile, Myanmar exhibited the highest growth rate at 1.15%. Several European countries, including Spain and France, witnessed stagnation or decline, with Spain notably declining by 1.08%. Significant contractions were also observed in countries like the United Arab Emirates and Zimbabwe.
Future trends to watch in the global peas market include increased production in emerging markets like Myanmar and increased volatility in traditional markets such as European countries. The climate change impacts and shifting global trade policies will likely influence production and distribution. The demand for peas might grow due to their inclusion in plant-based diets, driving changes in global supply strategies.
Top countries in Peas Market Size Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 39.69 | 2023 | +0.78% | +0.63% | View data |
| 2 | 2 China | 12.5 | 2023 | +0.41% | +0.38% | View data |
| 3 | 3 Ethiopia | 6.27 | 2023 | +1.1% | +0.83% | View data |
| 4 | 4 Bangladesh | 6.08 | 2023 | +1.13% | +0.86% | View data |
| 5 | 5 Russia | 4.47 | 2023 | 0% | 0% | View data |
| 6 | 6 Pakistan | 4.19 | 2023 | +0.82% | +0.58% | View data |
| 7 | 7 United States | 3.33 | 2023 | 0% | +0.1% | View data |
| 8 | 8 United Kingdom of Great Britain and Northern Ireland | 1.77 | 2023 | |||
| 9 | 9 Colombia | 1.53 | 2023 | +1.12% | +0.45% | View data |
| 10 | 10 Peru | 1.26 | 2023 | 0% | +0.27% | View data |
