Eastern Asia: Market for Broad Beans And Horse Beans (Dry) 2025

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

The East Asian market for broad beans and horse beans (dry) reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

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

In value terms, broad bean and horse bean production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 146%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of broad bean and horse bean production, accounting for 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest.

In 2022, the average yield of broad beans and horse beans (dry) in Eastern Asia reduced to X tons per ha, remaining stable against the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by 6.9%. As a result, the yield attained 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 amounted to X ha in 2022, remaining stable against the previous year. In general, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Eastern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of broad beans and horse beans (dry), when their volume increased by 42% to X tons. In general, exports, however, saw a mild setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 36%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of broad beans and horse beans (dry), namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of -1.5% from 2012 to 2022. China (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest broad bean and horse bean supplier in Eastern Asia.

In China, broad bean and horse bean exports shrank by an average annual rate of -3.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with a decrease of -8.4% against the previous year. In general, the export price recorded a mild contraction. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.9% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Eastern Asia

In 2022, purchases abroad of broad beans and horse beans (dry) was finally on the rise to reach X tons after five years of decline. Overall, imports, however, recorded a pronounced contraction. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports soared to $X in 2022. Over the period under review, imports, however, showed a noticeable decline. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the main importing country with an import of around X tons, which reached 60% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 37% share of total imports. South Korea (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +75.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Eastern Asia, comprising 74% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total imports.

In Japan, broad bean and horse bean imports decreased by an average annual rate of -3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+3.9% per year) and South Korea (+89.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 28%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

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 South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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