Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Asia

In 2023, the Asian market for broad beans and horse beans (dry) increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in Asia

In value terms, broad bean and horse bean production reduced to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

China (X tons) constituted the country with the largest volume of broad bean and horse bean production, comprising approx. X% of total volume.

In China, broad bean and horse bean production remained relatively stable over the period from 2012-2023.

In 2023, the average broad bean and horse bean yield in Asia declined modestly to X tons per ha, with a decrease of X% against the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2022, and then fell in the following year. 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 broad beans and horse beans (dry) production in Asia totaled X ha, almost unchanged from the year before. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Asia

In 2023, shipments abroad of broad beans and horse beans (dry) decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, broad bean and horse bean exports contracted to $X in 2023. Overall, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons) and Syrian Arab Republic (X tons) were the key exporters of broad beans and horse beans (dry) in Asia, together committing X% of total exports. It was distantly followed by the United Arab Emirates (X tons), India (X tons) and Turkey (X tons), together generating a X% share of total exports. The following exporters - Kazakhstan (X tons) and Saudi Arabia (X tons) - each finished at a X% share of total exports.

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

In value terms, China ($X) remains the largest broad bean and horse bean supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In China, broad bean and horse bean exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a slight descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Asia

In 2023, the amount of broad beans and horse beans (dry) imported in Asia surged to X tons, jumping by X% on 2022 figures. The total import volume 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 throughout the analyzed period. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, broad bean and horse bean imports soared to $X in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of broad bean and horse bean imports in 2023 were the United Arab Emirates (X tons), India (X tons), Saudi Arabia (X tons), Indonesia (X tons), Jordan (X tons) and Vietnam (X tons), together recording X% of total import. Thailand (X tons), Lebanon (X tons), Turkey (X tons), Yemen (X tons) and Japan (X tons) followed a long way behind the leaders.

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

In value terms, the largest broad bean and horse bean importing markets in Asia were the United Arab Emirates ($X), Indonesia ($X) and Saudi Arabia ($X), with a combined X% share of total imports. India, Jordan, Thailand, Japan, Vietnam, Turkey, Lebanon and Yemen lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the import price in Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform