South-Eastern Asia: Green Bean Market 2024

Green Bean Market Size in South-Eastern Asia

The Southeast Asian green bean market rose modestly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level 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 amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Indonesia (X tons) remains the largest green bean producing country in South-Eastern Asia, accounting for 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. The remaining producing countries recorded the following average annual rates of production growth: Thailand (X% per year) and the Philippines (X% per year).

In 2023, the average yield of green beans in South-Eastern Asia was estimated at X tons per ha, approximately mirroring 2022 figures. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. Over the period under review, the green bean yield hit record highs at X tons per ha in 2015; however, from 2016 to 2023, the yield stood 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 in South-Eastern Asia; therefore, remained relatively stable against the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat 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 saw a mild decline. The pace of growth appeared the most rapid in 2013 when exports increased by 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 sharply to $X in 2023. In general, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Malaysia (X tons) was the main exporter of green beans, generating X% of total exports. Myanmar (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Thailand (X%). Singapore (X tons) followed a long way behind the leaders.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. 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, Malaysia ($X), Indonesia ($X) and Myanmar ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports. Thailand and Singapore lagged somewhat behind, together accounting for a further X%.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to 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, remaining constant against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Green Bean Imports

Imports in South-Eastern Asia

In 2023, supplies from abroad of green beans increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, green bean imports reduced remarkably to $X in 2023. Over the period under review, imports, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Singapore (X tons) represented the largest importer of green beans, comprising X% of total imports. It was distantly followed by Malaysia (X tons), comprising a X% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

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. While the share of Malaysia (X p.p.) and Brunei Darussalam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.) displayed negative dynamics.

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.

In Singapore, green bean imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: 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, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted significantly 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