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

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

The Malaysian market for broad beans and horse beans (dry) rose to $X in 2022, picking up by 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Malaysia

In 2022, overseas shipments of broad beans and horse beans (dry) increased by 12% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a significant curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 54%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, broad bean and horse bean exports rose notably to $X in 2022. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for broad bean and horse bean exports from Malaysia, accounting for a 71% share of total exports. Moreover, broad bean and horse bean exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +48.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-33.2% per year) and Hong Kong SAR (-4.1% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for broad beans and horse beans (dry) exports from Malaysia, comprising 63% of total exports. The second position in the ranking was held by Singapore ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at +42.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-29.8% per year) and Hong Kong SAR (-1.3% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, growing by 1.7% against the previous year. Over the period under review, export price indicated notable growth 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, broad bean and horse bean export price decreased by -6.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($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 Singapore (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Malaysia

In 2022, overseas purchases of broad beans and horse beans (dry) decreased by -0.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by 27%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, broad bean and horse bean imports rose slightly to $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the main broad bean and horse bean supplier to Malaysia, with a 95% share of total imports. It was followed by China (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.9% per year) and India (+11.1% per year).

In value terms, Australia ($X) constituted the largest supplier of broad beans and horse beans (dry) to Malaysia, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia totaled -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.9% per year) and India (-2.8% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, with an increase of 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2019 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($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 (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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