Dried shelled peas market in South America

Earlier Report Observations

The South American dried shelled peas market expanded from 283.3 тыс. т in 2018 to 434.8 тыс. т in 2020. This growth was supported by increased production in Argentina, where the cultivated area for dried peas rose by approximately 9% in 2018 due to higher seed-bed availability, and in Peru, where a government credit line for smallholder growers aimed to boost output in high-altitude regions. Argentina's initiation of a mandatory seed-certification process in 2020 encouraged farmers to adopt certified seeds, fostering longer-term yield potential.

Market volume fluctuated between 2021 and 2022, dipping slightly to 415.5 тыс. т in 2021 before surging to 484.8 тыс. т in 2022. The entry of state-owned exporter Fair Fruit Perú S.A.C. with a US$ 4.8 million contract marked new participation in the segment. The Russia-Ukraine conflict in 2022 significantly redirected global demand toward Argentine supplies, boosting exports and stimulating domestic production. Simultaneously, Peru's removal of a temporary export quota encouraged producers to increase planting area, while Chinese anti-dumping duties on Canadian peas opened a market window for Argentine exporters, prompting investments in processing capacity.

In 2023, the market contracted sharply to 260.0 тыс. т. Drought conditions in Argentina impacted harvests, though a state-financed drought-relief program enabled the reopening of drying facilities in Santa Fe to expand processing capacity by approximately 15%. Peru's introduction of a new sanitary regulation requiring fumigation for all dried pea imports reduced import volumes from key suppliers like the United States and Canada.

Production dried shelled peas in South America

In kind, 2017-2020, K t

Top producers of dried shelled peas, 2017-2020

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

South America's production of dried shelled peas has grown for the second year in a row. In 2020, the region produced 308.0 K t, marking a solid 22.6% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 25.9%, which translates to an average annual growth rate of 8.0%. The lowest production level was recorded in 2018 at 217.3 K t, with the largest year-on-year decline of 11.2% also occurring that year.

Annual dynamics of production in South America in kind, 2017-2020, K t

Exports dried shelled peas from South America

Exports in kind, K t

After two years of decline, South America's exports of dried shelled peas rebounded in 2020. Exports reached 27.6 K t, showing a dramatic 35.0% improvement compared to 2019. However, over the full period from 2017 to 2020, exports fell by 63.4%, averaging an annual decline of 28.5%. The lowest export volume was in 2019 at 20.4 K t, with the steepest drop of 58.3% also recorded that year.

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

From 2017 to 2020, South America's exports of dried shelled peas were relatively evenly distributed across markets. The top three destinations—Senegal (12.9% of exports), Russia (8.2%), and India (7.6%)—collectively accounted for just 28.8% of total export volumes.

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

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

Exports in value, K $ US

Following a two-year decline, South America's export value of dried shelled peas increased in 2020. Exports totaled 23 000 K $ US, representing a substantial 12.9% gain over 2019. Over the 2017–2020 period, however, export value decreased by 20.8%, with an average annual decline of 7.5%. The lowest value was recorded in 2019 at 20 365 K $ US, while the largest year-on-year drop of 23.0% occurred in 2018.

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

Between 2017 and 2020, South America's export value of dried shelled peas was not heavily concentrated in a few key markets. The leading destinations—Senegal (13.2% of export value), Russia (9.0%), and India (5.5%)—together made up only 27.7% of total export flows.

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

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

Imports dried shelled peas to South America

Imports in kind, K t

South America's imports of dried shelled peas have increased for the third consecutive year. In 2020, imports totaled 154.4 K t, reflecting a steep 29.0% rise compared to 2019. From 2017 to 2020, imports grew by 39.2%, averaging an annual increase of 11.7%.

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

From 2017 to 2020, the primary suppliers of dried shelled peas to South America were Canada (51.8% of import volume), the United States (23.4%), and Panama (0.5%). Together, these three countries accounted for 75.7% of total import volumes.

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

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

Imports in value, K $ US

After two years of decline, South America's import value of dried shelled peas rose in 2020. Imports reached 88 582 K $ US, corresponding to a 45.9% increase from the previous year. Over the 2017–2020 period, import value increased by 41.2%, with an average annual growth rate of 12.2%. The lowest value was recorded in 2019 at 60 732 K $ US, while the largest decline of 3.1% also occurred that year.

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

Throughout 2017–2020, the core suppliers of dried shelled peas to South America in value terms were Canada (47.1% of import value), the United States (29.1%), and New Zealand (1.0%). Collectively, these three countries represented 77.2% of total import flows.

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

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