Canada - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanada's Dry Bean Exports Surge to $421 Million in 2023
Canada Dry Bean Exports
In 2023, after two years of decline, there was significant growth in overseas shipments of beans (dry), when their volume increased by 21% to 392K tons. The total export volume increased at an average annual rate of +2.9% over the period from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, dry bean exports surged to $421M (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +2.5% over the period from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 22% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.
| COUNTRY | Export Value of Dry Bean in Canada (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 73.4 | 72.3 | 76.1 | 75.4 | 68.3 | 57.1 | 63.6 | 112 | 101 | 117 | 124 |
| United Kingdom | 64.9 | 60.0 | 65.4 | 53.8 | 51.6 | 67.0 | 67.8 | 60.2 | 62.8 | 63.0 | 63.3 |
| Mexico | 9.8 | 1.9 | 5.1 | 13.6 | 5.0 | 11.7 | 6.3 | 8.2 | 11.0 | 6.9 | 39.8 |
| Japan | 21.2 | 23.3 | 21.0 | 25.0 | 19.7 | 23.0 | 30.2 | 26.9 | 34.0 | 34.9 | 35.3 |
| Italy | 32.0 | 32.5 | 22.1 | 21.2 | 20.1 | 24.8 | 22.8 | 34.5 | 38.0 | 20.9 | 30.8 |
| Angola | 27.5 | 30.3 | 26.1 | 22.3 | 43.4 | 34.2 | 26.3 | 20.0 | 16.3 | 15.9 | 12.1 |
| Turkey | 10.9 | 11.8 | 5.8 | 8.3 | 10.9 | 5.3 | 11.7 | 9.6 | 10.2 | 8.1 | 10.9 |
| Others | 89.0 | 91.0 | 63.8 | 75.8 | 87.9 | 81.1 | 77.5 | 103 | 105 | 83.2 | 105 |
| Total | 329 | 323 | 285 | 296 | 307 | 304 | 306 | 375 | 379 | 350 | 421 |
Exports by Country
the United States (113K tons) was the main destination for dry bean exports from Canada, accounting for a 29% share of total exports. Moreover, dry bean exports to the United States exceeded the volume sent to the second major destination, the UK (54K tons), twofold. Mexico (40K tons) ranked third in terms of total exports with a 10% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to the United States totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.7% per year) and Mexico (+14.0% per year).
In value terms, the United States ($124M), the UK ($63M) and Mexico ($40M) constituted the largest markets for dry bean exported from Canada worldwide, together comprising 54% of total exports.
In terms of the main countries of destination, Mexico, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the dry bean price stood at $1,074 per ton (FOB, Canada), remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 9.4% against the previous year. Over the period under review, the average export prices reached the maximum at $1,116 per ton in 2013; afterwards, it flattened through to 2023.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were the UK ($1,170 per ton) and Spain ($1,152 per ton), while the average price for exports to Angola ($831 per ton) and South Korea ($981 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
