Asia-Pacific: Dry Bean Market 2024

Dry Bean Market Size in Asia-Pacific

In 2023, the Asia-Pacific dry bean market increased by X% to $X, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Dry Bean Production in Asia-Pacific

In value terms, dry bean production totaled $X in 2023 estimated in export price. The total production indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

The country with the largest volume of dry bean production was India (X tons), accounting for X% of total volume. Moreover, dry bean production in India exceeded the figures recorded by the second-largest producer, Myanmar (X tons), twofold. China (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2023, the average annual growth rate of volume in India stood at X%. In the other countries, the average annual rates were as follows: Myanmar (X% per year) and China (X% per year).

The average dry bean yield amounted to X kg per ha in 2023, standing approx. at 2022. Over the period under review, the yield, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the yield reached the peak level of X kg per ha. From 2014 to 2023, the growth of the dry bean yield failed to regain momentum. 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 beans (dry) were harvested in Asia-Pacific; with a decrease of X% on 2022 figures. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2022, and then dropped in the following year.

Dry Bean Exports

Exports in Asia-Pacific

In 2023, after three years of growth, there was decline in shipments abroad of beans (dry), when their volume decreased by X% to X tons. Overall, exports saw a slight decline. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, dry bean exports contracted to $X in 2023. Over the period under review, exports showed a pronounced curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. China (X tons) took the second position in the ranking, followed by India (X tons). All these countries together held near X% share of total exports. The following exporters - Australia (X tons), Thailand (X tons) and Afghanistan (X tons) - each accounted for a X% share of total exports.

Myanmar experienced a relatively flat trend pattern with regard to volume of exports of beans (dry). At the same time, India (X%), Afghanistan (X%) and Thailand (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Australia (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Myanmar, India and Afghanistan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest dry bean supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by India, with a X% share.

In Myanmar, dry bean exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

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

Dry Bean Imports

Imports in Asia-Pacific

In 2023, imports of beans (dry) in Asia-Pacific expanded modestly to X tons, with an increase of X% compared with 2022. Total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, dry bean imports amounted to $X in 2023. Total imports indicated a prominent increase 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, India (X tons) and China (X tons) were the largest importers of beans (dry) in Asia-Pacific, together creating X% of total imports. Pakistan (X tons) ranks next in terms of the total imports with a X% share, followed by Vietnam (X%) and Japan (X%). Indonesia (X tons), Thailand (X tons), Malaysia (X tons), South Korea (X tons), Nepal (X tons) and the Philippines (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, China, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, approximately equating the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform