Asia-Pacific: Green Bean Market 2025

Green Bean Market Size in Asia-Pacific

The Asia-Pacific green bean market was estimated at $X in 2022, increasing by 4% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Green Bean Production in Asia-Pacific

In value terms, green bean production rose notably to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by 170%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of green bean production, accounting for 88% of total volume. Moreover, green bean production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tons), more than tenfold.

In China, green bean production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+0.4% per year) and India (+0.6% per year).

The average green bean yield was estimated at X tons per ha in 2022, approximately reflecting the previous year. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by 6% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the green bean yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of green beans in Asia-Pacific contracted slightly to X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 4.7%. The level of harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Green Bean Exports

Exports in Asia-Pacific

In 2022, shipments abroad of green beans decreased by -14.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 389%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, green bean exports amounted to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 465% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, reaching X tons, which was near 78% of total exports in 2022. Malaysia (X tons) held a 9.6% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (8.3%).

China was also the fastest-growing in terms of the green beans exports, with a CAGR of +41.3% from 2012 to 2022. At the same time, Malaysia (+1.4%) and Myanmar (+1.2%) displayed positive paces of growth. China (+67 p.p.) significantly strengthened its position in terms of the total exports, while Myanmar and Malaysia saw its share reduced by -24.6% and -27.9% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest green bean supplier in Asia-Pacific, comprising 88% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +63.6%. In the other countries, the average annual rates were as follows: Malaysia (+2.9% per year) and Myanmar (-6.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by 21% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green bean export price increased by +109.4% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.8%), while the other leaders experienced mixed trends in the export price figures.

Green Bean Imports

Imports in Asia-Pacific

In 2022, purchases abroad of green beans decreased by -4.1% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a slight reduction. The pace of growth appeared the most rapid in 2019 with an increase of 9.7%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, green bean imports dropped to $X in 2022. In general, imports saw a mild shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 2.4% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Singapore was the main importing country with an import of about X tons, which accounted for 59% of total imports. Malaysia (X tons) ranks second in terms of the total imports with an 11% share, followed by Macao SAR (6.3%). New Zealand (X tons), Maldives (X tons), Australia (X tons), Japan (X tons), Brunei Darussalam (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of green beans. At the same time, Vietnam (+41.6%), Macao SAR (+28.1%), Malaysia (+11.8%), Maldives (+6.2%) and Brunei Darussalam (+5.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +41.6% from 2012-2022. By contrast, Australia (-3.5%), New Zealand (-5.3%) and Japan (-11.7%) illustrated a downward trend over the same period. Malaysia (+8.2 p.p.), Macao SAR (+5.9 p.p.), Singapore (+4.2 p.p.) and Maldives (+2 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand and Japan saw its share reduced by -1.8% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported green beans in Asia-Pacific, comprising 53% of total imports. The second position in the ranking was held by New Zealand ($X), with a 15% share of total imports. It was followed by Japan, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +2.0%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-1.6% per year) and Japan (-12.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, with a decrease of -2.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 20%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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