Global Green Bean Market 2024

Green Bean Market Size

The global green bean market expanded to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Green Bean Production

In value terms, green bean production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, global production growth remained at a somewhat lower figure.

China (X tons) remains the largest green bean producing country worldwide, comprising approx. X% of total volume. Moreover, green bean production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tons), more than tenfold. The United States (X tons) ranked third in terms of total production with a X% share.

In China, green bean production remained relatively stable over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (X% per year) and the United States (X% per year).

The global average green bean yield was estimated at X tons per ha in 2023, remaining stable against 2022 figures. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2023, the growth of the average green bean yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of green beans were harvested worldwide; remaining stable against the year before. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2023, the growth of the global green bean harvested area remained at a lower figure.

Green Bean Exports

Exports

In 2023, overseas shipments of green beans decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export 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 in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the global exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, green bean exports rose significantly to $X in 2023. Overall, total exports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The global exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Morocco (X tons) and France (X tons) represented the major exporters of green beans in 2023, reaching approx. X% and X% of total exports, respectively. China (X tons) ranks next in terms of the total exports with an X% share, followed by Mexico (X%), Guatemala (X%), the United States (X%) and Kenya (X%). The Netherlands (X tons), Senegal (X tons), Spain (X tons), Egypt (X tons), Malaysia (X tons) and Germany (X tons) took a relatively small share of total exports.

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

In value terms, the largest green bean supplying countries worldwide were Morocco ($X), China ($X) and Kenya ($X), with a combined X% share of global exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average green bean export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Malaysia ($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 global leaders experienced more modest paces of growth.

Green Bean Imports

Imports

In 2023, supplies from abroad of green beans decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, green bean imports rose rapidly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Imports by Country

In 2023, the United States (X tons), Spain (X tons) and Belgium (X tons) represented the key importer of green beans in the world, comprising X% of total import. The Netherlands (X tons) took the next position in the ranking, followed by France (X tons) and the UK (X tons). All these countries together took near X% share of total imports. Canada (X tons), Germany (X tons), Italy (X tons), Singapore (X tons) and Madagascar (X tons) followed a long way behind the leaders.

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

In value terms, the largest green bean importing markets worldwide were the United States ($X), Spain ($X) and the Netherlands ($X), with a combined X% share of global imports.

In terms of the main importing countries, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average green bean import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform