South-Eastern Asia: Green Bean Market 2024

Green Bean Market Size in South-Eastern Asia

The Southeast Asian green bean market stood at $X in 2023, increasing 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 remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Green Bean Production in South-Eastern Asia

In value terms, green bean production rose sharply to $X in 2023 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The country with the largest volume of green bean production was Indonesia (X tons), comprising approx. X% of total volume. Moreover, green bean production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold.

In Indonesia, green bean production remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and the Philippines (X% per year).

In 2023, the average green bean yield in South-Eastern Asia amounted to X tons per ha, almost unchanged from the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the green bean yield attained the peak level at X tons per ha in 2015; however, from 2016 to 2023, the 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, the green bean harvested area in South-Eastern Asia amounted to X ha, remaining relatively unchanged against 2022. In general, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Green Bean Exports

Exports in South-Eastern Asia

In 2023, overseas shipments of green beans decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a mild slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, green bean exports fell notably to $X in 2023. In general, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia represented the key exporter of green beans in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Myanmar (X tons) took the second position in the ranking, followed by Indonesia (X tons) and Thailand (X tons). All these countries together took near X% share of total exports. Singapore (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to green bean exports from Malaysia stood at X%. At the same time, Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) and Myanmar (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Indonesia (X p.p.) and Myanmar (X p.p.) displayed negative dynamics.

In value terms, the largest green bean supplying countries in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Myanmar ($X), together accounting for X% of total exports. Thailand and Singapore lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Green Bean Imports

Imports in South-Eastern Asia

In 2023, after two years of decline, there was significant growth in purchases abroad of green beans, when their volume increased by X% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, green bean imports contracted significantly to $X in 2023. Overall, imports, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Singapore (X tons) was the key importer of green beans, committing X% of total imports. It was distantly followed by Malaysia (X tons), generating a X% share of total imports. Brunei Darussalam (X tons) took a little share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of green beans. At the same time, Malaysia (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Malaysia (X p.p.) and Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported green beans in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then fell notably in the following year.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform