In 2023, China's dominance in global peas demand remains substantial, with India and Russia trailing as significant contributors. Moderate growth in demand is seen in countries like Ukraine and Lithuania, marked by substantial year-on-year increases. Conversely, the United States and Australia experience a decline in demand. A notable increase in demand from Tanzania and Bulgaria displays emerging growth areas, contrasting with negative trends in Belarus and South Africa. Over the past five years, global demand for peas has shown steady growth, driven predominantly by rising consumption in Asian and Eastern European markets.
Future trends to watch include:
- China and India's continued influence as major demand centers, potentially leading shifts in global trade flows.
- Growth opportunities in emerging markets like Tanzania, benefiting from agricultural expansions and diet diversification.
- Monitoring declining demand in developed countries, potentially prompting exporters to refocus efforts on high-growth regions.
- Impact of climate change and crop innovation on production and supply chain dynamics, affecting future demand patterns.
Top countries in Peas Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.48 | 2023 | +2.3% | +1.28% | View data |
| 2 | 2 India | 18.1 | 2023 | +0.63% | +0.39% | View data |
| 3 | 3 Russia | 11.71 | 2023 | +1.47% | +4.19% | View data |
| 4 | 4 Canada | 4.85 | 2023 | -0.87% | +3.55% | View data |
| 5 | 5 Spain | 4.13 | 2023 | +4.46% | +2.62% | View data |
| 6 | 6 France | 3.38 | 2023 | +0.84% | +1.81% | View data |
| 7 | 7 Bangladesh | 2.94 | 2023 | +0.73% | +0.44% | View data |
| 8 | 8 Ethiopia | 2.84 | 2023 | +1% | +0.61% | View data |
| 9 | 9 Ukraine | 2.62 | 2023 | +2.48% | +6.54% | View data |
| 10 | 10 Germany | 2.43 | 2023 | +1.47% | +0.83% | View data |
