Eastern Asia: Green Bean Market 2024

Green Bean Market Size in Eastern Asia

The East Asian green bean market expanded modestly to $X in 2023, surging by X% against the previous year. The total consumption indicated measured growth 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Green Bean Production in Eastern Asia

In value terms, green bean production rose slightly to $X in 2023 estimated in export price. Over the period under review, production showed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

The country with the largest volume of green bean production was China (X tons), comprising approx. X% of total volume.

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

In 2023, the average green bean yield in Eastern Asia reached X tons per ha, standing approx. at the previous year's figure. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2023, the growth of the 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, the total area harvested in terms of green beans production in Eastern Asia declined modestly to X ha, almost unchanged from the previous year's figure. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to green bean production attained the maximum at X ha in 2019; however, from 2020 to 2023, the harvested area failed to regain momentum.

Green Bean Exports

Exports in Eastern Asia

In 2023, overseas shipments of green beans decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached 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 fell slightly to $X in 2023. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then declined modestly in the following year.

Exports by Country

The shipments of the one major exporters of green beans, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the green beans exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest green bean supplier in Eastern Asia.

From 2012 to 2023, the average annual growth rate of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Green Bean Imports

Imports in Eastern Asia

After three years of decline, overseas purchases of green beans increased by X% to X tons in 2023. In general, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, green bean imports expanded remarkably to $X in 2023. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Macao SAR represented the largest importing country with an import of about X tons, which finished at X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), South Korea (X%) and Hong Kong SAR (X%).

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

In value terms, Japan ($X) constitutes the largest market for imported green beans in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Macao SAR, with a X% share.

In Japan, green bean imports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Macao SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Hong Kong SAR ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform