Report Update: Nov 1, 2024

World - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights

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Dry bean market

Dry bean market: download newly released statistics empowered by an Ai-driven business intelligence platform. Data cover market prices, imports, production, trade, companies, market size, exports, and consumption. There is a split by country, including the U.K., the Middle East, the U.S., EU, Africa, China, Latin America, and Russia. Market dynamics and forecast to 2030 are also provided in the snapshots.

Dry Bean - World's Largest Markets

Rating	Country
1	India
2	Nigeria
3	Brazil
4	Myanmar
5	China

In value terms, India led the market, alone. The second position in the ranking was occupied by Nigeria. It was followed by Brazil.

From 2019 to 2021, the average annual growth rate of value in India amounted to +5.1%. The remaining consuming countries recorded the following average annual rates of market growth: Nigeria (-4.8% per year) and Brazil (-0.9% per year).

Dry Bean Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Uganda	425	510	453	3.2%
Tanzania	537	607	606	6.2%
Ethiopia	547	784	659	9.8%
Myanmar	748	891	825	5.0%
Argentina	832	865	848	1.0%
Uzbekistan	794	764	973	10.7%
Australia	955	1023	1003	2.5%
Canada	894	978	1008	6.2%
United States	873	931	1020	8.1%
India	1055	1189	1045	-0.5%
Brazil	679	837	1049	24.3%
Egypt	883	1221	1301	21.4%
China	1320	1403	1359	1.5%
Average	841	954	970	7.4%

Prices varied noticeably by the country of origin; the country with the highest price was China ($1,359 per ton), while Uganda ($453 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Japan	1372	1429	1666	10.2%
Vietnam	1267	1344	1310	1.7%
United States	1105	1199	1256	6.6%
Italy	1118	1020	1248	5.7%
United Kingdom	999	1059	1134	6.5%
India	705	843	1005	19.4%
Mexico	819	869	997	10.3%
Iraq	898	1066	970	3.9%
Indonesia	940	991	969	1.5%
China	778	885	845	4.2%
Pakistan	671	786	790	8.5%
United Arab Emirates	666	760	720	4.0%
South Africa	759	862	7	-90.4%
Average	889	996	1005	6.3%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($1,666 per ton), while South Africa ($7 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Dry Bean - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
India	0.4	0.5	0.9	44.2%
United States	0.2	0.3	0.2	23.9%
Italy	0.2	0.2	0.2	7.3%
Mexico	0.2	0.1	0.2	5.5%
China	0.1	0.2	0.2	20.3%

In value terms, India ($880M) constitutes the largest market for imported beans (dry) worldwide, comprising 22% of global imports. The second position in the ranking was occupied by the United States ($249M), with a 6.2% share of global imports. It was followed by Italy, with a 4.3% share.

In India, dry bean imports expanded at an average annual rate of +44.2% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+23.9% per year) and Italy (+7.3% per year).

Dry Bean - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Myanmar	0.8	1.1	0.9	9.0%
Brazil	0.1	0.1	0.5	101.7%
China	0.5	0.4	0.4	-2.1%
United States	0.4	0.4	0.4	4.3%
Canada	0.3	0.4	0.4	11.1%

In value terms, Myanmar ($909M), Brazil ($459M) and China ($445M) appeared to be the countries with the highest levels of exports in 2021, together accounting for 39% of global exports. These countries were followed by the United States, Canada, Argentina, Uzbekistan, Egypt, Australia, India, Ethiopia, Uganda and Tanzania, which together accounted for a further 43%.

In terms of the main exporting countries, Australia (+108.4% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Dry Bean - Market Forecast

Driven by increasing demand for dry bean worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Dry Bean - Top Companies

Test Company Prod, Spokane Seed Company, Rancho Medio Kilo, S.P.R. de R.L., Agricola La Venta S.A., Latham Hi-Tech Hybrids, Inc., AGROALTOS S.A., Agricola Sol de Villacuri S.A.C., Quality Grains Trading Company, GREEN VEGETABLES & FLOWERS S.A.C., CONO S.A., Viterra USA LLC, Erwin-Keith, Inc., Eastern Colorado Seeds, LLC, SEVEN GABLES CHILE LLC OFICINA DE REPRESENTACION EN CHILE, SPECIALITIES ARGENTINA S.A., Lakeview Hutterian Brethren Inc, Eggishof AG, Agrar GmbH Wormsdorf, Gomes Farms Inc, Pure Line Seeds, Inc.

Dry Bean - Product Coverage

HS 071331 - Vegetables, leguminous; beans of the species vigna mungo (l.) hepper or vigna radiata (l.) wilczek, shelled, whether or not skinned or split, dried
HS 071332 - Vegetables, leguminous; small red (adzuki) beans (phaseolus or vigna angularis), shelled, whether or not skinned or split, dried
HS 071333 - Vegetables, leguminous; kidney beans, including white pea beans (phaseolus vulgaris), shelled, whether or not skinned or split, dried
HS 071334 - Vegetables, leguminous; bambara beans (Vigna subterranea or Voandzeia subterranea), shelled, whether or not skinned or split, dried
HS 071335 - Vegetables, leguminous; cow peas (Vigna unguiculata), shelled, whether or not skinned or split, dried
HS 071339 - Vegetables, leguminous; n.e.s. in item no. 0713.30, dried, shelled, whether or not skinned or split

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global dry bean market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Harvested Area, By Country, 2012-2023
7. Yield, By Country, 2012-2023
8. Imports, In Physical Terms, By Country, 2012–2023
9. Imports, In Value Terms, By Country, 2012–2023
10. Import Prices, By Country Of Destination, 2012–2023
11. Exports, In Physical Terms, By Country, 2012–2023
12. Exports, In Value Terms, By Country, 2012–2023
13. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2023
19. Production, In Value Terms, 2012–2023
20. Area Harvested, 2012–2023
21. Yield, 2012–2023
22. Production, By Country, 2023
23. Production, In Physical Terms, By Country, 2012–2023
24. Harvested Area, By Country, 2023
25. Harvested Area, By Country, 2012-2023
26. Yield, By Country, 2012-2023
27. Imports, In Physical Terms, 2012–2023
28. Imports, In Value Terms, 2012–2023
29. Imports, In Physical Terms, By Country, 2023
30. Imports, In Physical Terms, By Country, 2012–2023
31. Imports, In Value Terms, By Country, 2012–2023
32. Import Prices, By Country, 2012–2023
33. Exports, In Physical Terms, 2012–2023
34. Exports, In Value Terms, 2012–2023
35. Exports, In Physical Terms, By Country, 2023
36. Exports, In Physical Terms, By Country, 2012–2023
37. Exports, In Value Terms, By Country, 2012–2023
38. Export Prices, 2012–2023