Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Asia

The Asian market for broad beans and horse beans (dry) was finally on the rise to reach $X in 2023, after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Broad Beans And Horse Beans (Dry) in Asia

In value terms, broad bean and horse bean production dropped to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

China (X tons) remains the largest broad bean and horse bean producing country in Asia, accounting for X% of total volume.

From 2012 to 2023, the average annual rate of growth in terms of volume in China was relatively modest.

In 2023, the average broad bean and horse bean yield in Asia shrank to X tons per ha, which is down by X% compared with the previous year's figure. In general, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the broad bean and horse bean yield reached the maximum level at X tons per ha in 2022, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of broad beans and horse beans (dry) production in Asia stood at X ha, leveling off at 2022. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to broad bean and horse bean production reached the maximum at X ha in 2018; however, from 2019 to 2023, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Asia

After four years of growth, shipments abroad of broad beans and horse beans (dry) decreased by X% to X tons in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, broad bean and horse bean exports dropped to $X in 2023. In general, exports recorded a slight curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) and Syrian Arab Republic (X tons) represented roughly X% of total exports in 2023. The United Arab Emirates (X tons) ranks next in terms of the total exports with an X% share, followed by India (X%) and Turkey (X%). Jordan (X tons) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest broad bean and horse bean supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In China, broad bean and horse bean exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Syrian Arab Republic (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a slight descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Asia

Broad bean and horse bean imports soared to X tons in 2023, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports soared to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons), India (X tons), Saudi Arabia (X tons), Indonesia (X tons), Jordan (X tons) and Vietnam (X tons) represented the largest importer of broad beans and horse beans (dry) in Asia, constituting X% of total import. Thailand (X tons), Lebanon (X tons), Turkey (X tons), Yemen (X tons), Japan (X tons) and Palestine (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Indonesia ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. India, Jordan, Thailand, Japan, Vietnam, Turkey, Lebanon, Yemen and Palestine lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform