Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Asia

The Asian market for broad beans and horse beans (dry) shrank slightly to $X in 2022, remaining constant against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in Asia

In value terms, broad bean and horse bean production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 135% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of broad bean and horse bean production was China (X tons), accounting for 93% of total volume. It was followed by Saudi Arabia (X tons), with a 2.3% share of total production.

In China, broad bean and horse bean production remained relatively stable over the period from 2012-2022.

The average broad bean and horse bean yield amounted to X tons per ha in 2022, surging by 1.9% against 2021. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 6% against the previous year. The level of yield peaked in 2022 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of broad beans and horse beans (dry) production in Asia amounted to X ha, flattening at 2021 figures. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 8.3% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Asia

In 2022, overseas shipments of broad beans and horse beans (dry) increased by 2.6% to X tons, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, broad bean and horse bean exports expanded notably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the largest exporter of broad beans and horse beans (dry), creating 54% of total exports. Syrian Arab Republic (X tons) took the second position in the ranking, distantly followed by Turkey (X tons), the United Arab Emirates (X tons) and India (X tons). All these countries together held near 39% share of total exports. Saudi Arabia (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to broad bean and horse bean exports from China stood at -1.5%. At the same time, Saudi Arabia (+43.7%), Syrian Arab Republic (+36.6%), India (+27.3%), the United Arab Emirates (+17.2%) and Turkey (+3.7%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +43.7% from 2012-2022. While the share of Syrian Arab Republic (+19 p.p.), India (+5 p.p.), the United Arab Emirates (+4.3 p.p.) and Saudi Arabia (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-27 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest broad bean and horse bean supplier in Asia, comprising 62% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a 13% share of total exports. It was followed by Turkey, with a 7.3% share.

In China, broad bean and horse bean exports plunged by an average annual rate of -3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (+28.9% per year) and Turkey (-3.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by 2.5% against the previous year. Overall, the export price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2014 when the export price increased by 7.2% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Asia

In 2022, after three years of growth, there was significant decline in purchases abroad of broad beans and horse beans (dry), when their volume decreased by -32.6% to X tons. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 28%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, broad bean and horse bean imports contracted sharply to $X in 2022. Over the period under review, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 64%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Indonesia (X tons), Jordan (X tons), Vietnam (X tons) and Lebanon (X tons) represented the largest importers of broad beans and horse beans (dry), together comprising 65% of total imports. Thailand (X tons), Yemen (X tons), Turkey (X tons), Japan (X tons), India (X tons), Taiwan (Chinese) (X tons), Bahrain (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest broad bean and horse bean importing markets in Asia were the United Arab Emirates ($X), Indonesia ($X) and Jordan ($X), with a combined 48% share of total imports. Japan, Thailand, Lebanon, Bahrain, Vietnam, Yemen, Turkey, Taiwan (Chinese), Malaysia and India lagged somewhat behind, together comprising a further 40%.

In terms of the main importing countries, Bahrain, with a CAGR of +31.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 38%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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