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 reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Dry Bean Production in Asia-Pacific

In value terms, dry bean production stood at $X in 2023 estimated in export price. The total production indicated mild 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of dry bean production, 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.

In India, dry bean production increased at an average annual rate of X% over the period from 2012-2023. 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 stood at X kg per ha in 2023, standing approx. at the year before. In general, the yield, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the yield attained 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.

The dry bean harvested area contracted modestly to X ha in 2023, dropping by X% compared with the previous year. The harvested area 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 was the most pronounced in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to dry bean production attained the peak figure at X ha in 2022, and then fell in the following year.

Dry Bean Exports

Exports in Asia-Pacific

After three years of growth, shipments abroad of beans (dry) decreased by X% to X tons in 2023. Over the period under review, exports continue to indicate a slight setback. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, dry bean exports shrank modestly to $X in 2023. In general, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Myanmar prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by China (X tons) and India (X tons), together making up a X% share of total exports. The following exporters - Australia (X tons), Thailand (X tons) and Afghanistan (X tons) - each recorded 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. Myanmar (X p.p.), India (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest dry bean supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($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, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

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

For the fourth consecutive year, Asia-Pacific recorded growth in supplies from abroad of beans (dry), which increased by X% to X tons in 2023. Total imports indicated notable growth from 2012 to 2023: its volume 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 was the most pronounced 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 immediate term.

In value terms, dry bean imports stood at $X in 2023. Total imports indicated a remarkable 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

India (X tons) and China (X tons) represented roughly X% of total imports in 2023. 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) held a minor share of total imports.

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

In value terms, the largest dry bean importing markets in Asia-Pacific were India ($X), China ($X) and Japan ($X), together comprising X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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-Pacific amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat 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 ($X per ton), while Pakistan ($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