China: Market for Broad Beans And Horse Beans (Dry) 2025

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

The Chinese market for broad beans and horse beans (dry) reached $X in 2022, leveling off at the previous year. Overall, consumption showed 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 somewhat lower figure.

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

In value terms, broad bean and horse bean production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 146%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of broad beans and horse beans (dry) in China dropped slightly to X tons per ha in 2022, approximately reflecting the previous year's figure. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.9%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area in China totaled X ha in 2022, stabilizing at 2021. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 9%. The broad bean and horse bean 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 from China

In 2022, shipments abroad of broad beans and horse beans (dry) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a slight shrinkage. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 37%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of broad bean and horse bean exports from China, together comprising 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +680.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Myanmar ($X) and Thailand ($X) were the largest markets for broad bean and horse bean exported from China worldwide, together accounting for 85% of total exports.

Among the main countries of destination, Myanmar, with a CAGR of +638.1%, 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

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, dropping by -7.8% against the previous year. Over the period under review, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2017 an increase of 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into China

In 2022, imports of broad beans and horse beans (dry) into China fell to X tons, waning by -12% against the year before. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2,094% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, broad bean and horse bean imports reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 2,715%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) was the main broad bean and horse bean supplier to China, with a 97% share of total imports. It was followed by the United States (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at -8.3%.

In value terms, Japan ($X) constituted the largest supplier of broad beans and horse beans (dry) to China, comprising 86% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -13.7%.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, which is down by -41.2% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53%. The import price peaked at $X per ton in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :