Canada - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in Canada - 2023
Contents:
- Dry Bean Price in Canada (FOB) - 2023
- Dry Bean Price in Canada (CIF) - 2023
- Dry Bean Exports in Canada
- Dry Bean Imports in Canada
Dry Bean Price in Canada (FOB) - 2023
In June 2023, the average dry bean export price amounted to $1,045 per ton, with an increase of 1.8% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 4.9% against the previous month. The export price peaked at $1,127 per ton in July 2022; however, from August 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,344 per ton), while the average price for exports to China ($635 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Bean Price in Canada (CIF) - 2023
In June 2023, the average dry bean import price amounted to $1,212 per ton, dropping by -27.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 57% against the previous month. Over the period under review, average import prices attained the peak figure at $1,917 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($2,449 per ton), while the price for Myanmar ($931 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Bean Exports in Canada
In 2022, shipments abroad of beans (dry) decreased by -14.3% to 322K tons, falling for the second consecutive year after two years of growth. In general, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports attained the peak of 384K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, dry bean exports declined to $349M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 22%.
| Export of Dry Bean in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.6 | 112 | 102 | 117 | 22.5% |
| United Kingdom | 67.7 | 60.2 | 63.0 | 63.0 | -2.4% |
| Japan | 30.2 | 26.9 | 34.1 | 34.9 | 4.9% |
| Italy | 22.8 | 34.4 | 38.1 | 20.4 | -3.6% |
| Angola | 26.3 | 20.0 | 16.3 | 15.9 | -15.4% |
| Greece | 7.7 | 7.3 | 9.5 | 8.2 | 2.1% |
| Turkey | 11.7 | 9.6 | 10.2 | 8.1 | -11.5% |
| Mexico | 6.3 | 8.2 | 11.0 | 6.8 | 2.6% |
| Belgium | 3.9 | 3.6 | 6.8 | 6.0 | 15.4% |
| New Zealand | 2.7 | 7.6 | 6.1 | 6.0 | 30.5% |
| France | 7.7 | 10.0 | 10.6 | 5.7 | -9.5% |
| South Korea | 3.9 | 5.3 | 4.8 | 4.3 | 3.3% |
| Others | 51.7 | 69.7 | 66.8 | 53.0 | 0.8% |
| Total | 306 | 375 | 379 | 349 | 4.5% |
Top Export Markets for Dry Bean from Canada in 2022:
- United States (105.8K tons)
- United Kingdom (61.8K tons)
- Japan (29.5K tons)
- Italy (17.5K tons)
- Angola (13.3K tons)
- Turkey (8.2K tons)
- Greece (7.7K tons)
- Mexico (7.5K tons)
- Belgium (5.8K tons)
- France (5.1K tons)
- New Zealand (4.9K tons)
- South Korea (4.9K tons)
Dry Bean Imports in Canada
Dry bean imports into Canada stood at 72K tons in 2022, growing by 3.3% on 2021 figures. In general, imports, however, continue to indicate a deep reduction.
In value terms, dry bean imports rose modestly to $89M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period.
| Import of Dry Bean in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.4 | 56.9 | 58.9 | 59.5 | -1.6% |
| China | 9.1 | 7.0 | 8.1 | 8.1 | -3.8% |
| India | 3.9 | 2.5 | 3.5 | 6.2 | 16.7% |
| Thailand | 2.1 | 3.8 | 3.8 | 3.7 | 20.8% |
| Myanmar | 2.1 | 4.0 | 1.7 | 2.4 | 4.6% |
| Argentina | 0.7 | 3.1 | 2.3 | 1.9 | 39.5% |
| Madagascar | 1.1 | 1.3 | 1.4 | 1.5 | 10.9% |
| Others | 4.4 | 11.0 | 5.4 | 6.0 | 10.9% |
| Total | 85.8 | 89.7 | 85.2 | 89.3 | 1.3% |
Top Suppliers of Dry Bean to Canada in 2022:
- United States (52.7K tons)
- India (4.3K tons)
- China (3.5K tons)
- Thailand (3.1K tons)
- Myanmar (2.0K tons)
- Argentina (1.7K tons)
- Madagascar (1.2K tons)
This report provides an in-depth analysis of the dry bean market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 176 - Beans, dry
- FCL 203 - Bambara beans
- FCL 195 - Cow peas, dry
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
481
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As a consequence, Dry Bean exports reached their highest point and are anticipated to keep expanding in the near future. In terms of value, Dry Bean exports skyrocketed to $421M in 2023.
273
In November 2022, the dry bean price stood at $1,068 per ton (FOB, Canada), waning by -2.5% against the previous month.
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In August 2022, the pulses price stood at $829 per ton (FOB, Canada), rising by 1.6% against the previous month.
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Imports of Cow Peas reached a peak of 174 tons before sharply decreasing the following month. In terms of value, imports of Cow Peas notably dropped to $168K in December 2023.
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In June 2023, the price of Dry Peas, amounting to $502 per ton (FOB, Canada), increased by 8.1% compared to the previous month.
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In September 2023, the Lentil market experienced an impressive growth rate of 336% compared to the previous month. Additionally, the value of lentil exports showed a remarkable increase, reaching $175M in October 2023.
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In September 2023, the growth rate of Chick Peas exports reached its highest level, with a remarkable 54% increase compared to the previous month. This surge was followed by a substantial rise in value, as Chick Peas exports reached an impressive $22M in October 2023.
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The Monophenols market showed significant growth in January 2023, with a month-to-month increase of 57%. However, imports declined in value to $5.8M in December 2023.
