Dried shelled peas market in Caribbean

Earlier Report Observations

The market for dried shelled peas in the Caribbean expanded from 69 841 t in 2018 to a peak of 89 280 t in 2022, driven largely by rising imports which reached 87 891 t that year. Domestic production increased modestly from 1 281 t to 1 434 t over the same period, contributing to overall market growth.

Market volume contracted sharply to 63 985 t in 2023 as imports fell to 62 883 t. In 2024, the government announced incentives to modernize agriculture through vertical farming and tissue culture, along with a regional goal to reduce the food import bill by 25% by 2030, highlighting a strategic push toward greater food security and domestic agricultural development.

Production dried shelled peas in Caribbean

In kind, 2017-2020, t

Top producers of dried shelled peas, 2017-2020

World map of production of dried shelled peas, 2017-2020

Caribbean's dried shelled peas production has increased for the second consecutive year. In 2019, production reached 1 281 tonnes, marking the lowest point in recent years. By 2020, output rose to 1 353 tonnes, representing a 4.2% increase compared to the previous year. The most significant decline occurred in 2018, when production fell by 5.3%.

Annual dynamics of production in Caribbean in kind, 2017-2020, t

In value, 2017-2020, K $ US

After two years of decline, Caribbean's dried shelled peas production value rebounded in 2020. Output was valued at 923.4 thousand US dollars, showing a robust year-over-year increase of 13.9%. The lowest value was recorded in 2019 at 810.4 thousand US dollars. Over the 2017-2020 period, production value decreased by 5%, with a compound annual growth rate of 1.7%. The largest decline took place in 2018, when the value dropped by 8.7%.

Annual dynamics of production in Caribbean in value, 2017-2020, K $ US

Exports dried shelled peas from Caribbean

Exports in kind, K t

Following two years of growth, dried shelled peas exports from Caribbean declined in 2020. Shipments totaled 0.2 thousand tonnes, reflecting a substantial 12.6% decrease compared to 2019. The highest export volume was recorded in 2019 at 0.2 thousand tonnes. Between 2017 and 2020, exports increased by 8.1%, equivalent to an annualized growth rate of 2.6%. The most significant increase occurred in 2018, when exports rose by 12.1%.

Annual dynamics of product's exports from Caribbean in kind, 2017-2020, K t

From 2017 to 2020, the United States, Guyana, and Bunkers remained the top destinations for Caribbean's dried shelled peas exports in volume terms. The United States accounted for 8.2% of exports, Guyana for 8.0%, and Bunkers for 4.4%. Together, these three markets represented 20.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Caribbean in kind, 2017-2020

Exports in value, K $ US

Dried shelled peas exports from Caribbean declined for the second year in a row in 2020. The country exported 128 thousand US dollars worth of dried shelled peas, indicating a modest 4.4% year-over-year reduction. The highest export value was recorded in 2018 at 135 thousand US dollars. Over the 2017-2020 period, exports increased by 2.6%, with a compound annual growth rate of 0.9%. The largest increase occurred in 2018, when export value rose by 8.1%.

Annual dynamics of product's exports from Caribbean in value, 2017-2020, K $ US

Between 2017 and 2020, the United States, Bunkers, and Guyana stood out as the primary markets for Caribbean's dried shelled peas exports in value terms. The United States represented 9.6% of exports, Bunkers 7.3%, and Guyana 3.1%. Collectively, these three destinations accounted for 20.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Caribbean in value, 2017-2020

Imports dried shelled peas to Caribbean

Imports in kind, K t

In 2020, Caribbean imported 78.3 thousand tonnes of dried shelled peas, showing a modest 7.6% decrease compared to 2019. The lowest import volume was recorded in 2018 at 68.8 thousand tonnes. Between 2017 and 2020, imports decreased by 27.6%, equivalent to an annualized decline of 10.2%. The most significant drop occurred in 2018, when imports fell by 36.5%, while the largest increase took place in 2019, with a 23.3% rise.

Annual dynamics of product's imports to Caribbean in kind, 2017-2020, K t

From 2017 to 2020, Canada remained the overwhelmingly dominant supplier of dried shelled peas to Caribbean, accounting for 96.0% of total imports in volume terms.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Caribbean in kind, 2017-2020

Imports in value, K $ US

In 2020, Caribbean's dried shelled peas imports were valued at 28 453 thousand US dollars, down by 4.9% compared to 2019. The lowest import value was recorded in 2018 at 27 985 thousand US dollars. Over the 2017-2020 period, imports decreased by 33%, with a compound annual decline rate of 12.5%. The most substantial drop occurred in 2018, when import value fell by 34.1%, while the largest increase was in 2019, with a 6.9% rise.

Annual dynamics of product's imports to Caribbean in value, 2017-2020, K $ US

Throughout 2017 to 2020, Canada clearly dominated dried shelled peas imports to Caribbean in value terms, capturing 89.9% of total flows. Other countries each held significantly smaller shares of the import market.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Caribbean in value, 2017-2020