Southern Asia: Dry Bean Market 2024

Dry Bean Market Size in Southern Asia

In 2023, after three years of growth, there was decline in the South Asian dry bean market, when its value decreased by X% to $X. The total consumption indicated a notable expansion 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 increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Dry Bean Production in Southern Asia

In value terms, dry bean production shrank slightly to $X in 2023 estimated in export price. The total production indicated noticeable 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 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

India (X tons) constituted the country with the largest volume of dry bean production, accounting for X% of total volume. It was followed by Pakistan (X tons), with a X% share of total production.

From 2012 to 2023, the average annual growth rate of volume in India amounted to X%.

In 2023, the average yield of beans (dry) in Southern Asia totaled X kg per ha, remaining relatively unchanged against 2022. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X%. 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 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, approx. X ha of beans (dry) were harvested in Southern Asia; with a decrease of X% against the year before. The total harvested area indicated tangible growth from 2012 to 2023: its figure 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, dry bean harvested area increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to dry bean production reached the peak figure at X ha in 2022, and then dropped slightly in the following year.

Dry Bean Exports

Exports in Southern Asia

In 2023, exports of beans (dry) in Southern Asia soared to X tons, growing by X% against the previous year. In general, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, dry bean exports soared to $X in 2023. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, India (X tons) represented the key exporter of beans (dry), creating X% of total exports. It was distantly followed by Afghanistan (X tons), achieving a X% share of total exports.

India was also the fastest-growing in terms of the beans (dry) exports, with a CAGR of X% from 2012 to 2023. At the same time, Afghanistan (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total exports, while Afghanistan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest dry bean supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total exports.

In India, dry bean exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated measured growth from 2012 to 2023: its price 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. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 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 India ($X per ton), while Afghanistan amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Dry Bean Imports

Imports in Southern Asia

Dry bean imports rose sharply to X tons in 2023, picking up by X% against the previous year. 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 in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, dry bean imports soared to $X in 2023. Total imports indicated a perceptible 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

India was the largest importer of beans (dry) in Southern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Pakistan (X tons), mixing up a X% share of total imports. Nepal (X tons), Afghanistan (X tons) and Bangladesh (X tons) held a relatively small share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of beans (dry). At the same time, Nepal (X%), Pakistan (X%), Bangladesh (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Pakistan and Nepal increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported beans (dry) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, picking up by X% against 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 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in India ($X per ton) and Afghanistan ($X per ton), while Bangladesh ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform