ASEAN: Shelled Bean Market 2024

Shelled Bean Market Size in ASEAN

The ASEAN shelled bean market skyrocketed to $X in 2023, rising by X% against the previous year. Overall, consumption recorded a strong increase. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Shelled Bean Production in ASEAN

In value terms, shelled bean production soared to $X in 2023 estimated in export price. Over the period under review, production recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of shelled bean production was Myanmar (X tons), comprising approx. X% of total volume. Moreover, shelled bean production in Myanmar exceeded the figures recorded by the second-largest producer, Thailand (X tons), sixfold.

From 2012 to 2023, the average annual growth rate of volume in Myanmar stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

The average shelled bean yield dropped to X tons per ha in 2023, which is down by X% against 2022. Overall, the yield continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2022 when the yield increased by X%. Over the period under review, the shelled bean yield hit record highs at X tons per ha in 2012; however, from 2013 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, the total area harvested in terms of shelled beans (dry) production in ASEAN amounted to X ha, approximately equating the previous year's figure. Over the period under review, the harvested area, however, showed a mild setback. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to shelled bean production attained the peak figure at X ha in 2015; however, from 2016 to 2023, the harvested area failed to regain momentum.

Shelled Bean Exports

Exports in ASEAN

In 2023, after three years of growth, there was significant decline in overseas shipments of shelled beans (dry), when their volume decreased by X% to X tons. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, shelled bean exports dropped sharply to $X in 2023. In general, exports recorded a slight slump. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Myanmar represented the largest exporting country with an export of about X tons, which recorded X% of total exports. Thailand (X tons) held the second position in the ranking, followed by Lao People's Democratic Republic (X tons). All these countries together took approx. X% share of total exports. Vietnam (X tons), Indonesia (X tons) and Singapore (X tons) took a relatively small share of total exports.

Myanmar was also the fastest-growing in terms of the shelled beans (dry) exports, with a CAGR of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Lao People's Democratic Republic (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest shelled bean supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Myanmar stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 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 Singapore ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Shelled Bean Imports

Imports in ASEAN

In 2023, purchases abroad of shelled beans (dry) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, shelled bean imports dropped slightly to $X in 2023. Overall, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which finished at X% of total imports. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and the Philippines (X%). The following importers - Lao People's Democratic Republic (X tons), Indonesia (X tons) and Thailand (X tons) - each amounted to an X% share of total imports.

Vietnam was also the fastest-growing in terms of the shelled beans (dry) imports, with a CAGR of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. By contrast, the Philippines (X%), Thailand (X%), Singapore (X%), Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam and Lao People's Democratic Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported shelled beans (dry) in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Vietnam, shelled bean imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, 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 the Philippines ($X per ton), while Lao People's Democratic Republic ($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