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

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

The Myanmar's market for broad beans and horse beans (dry) dropped to $X in 2022, reducing by -12.4% against the previous year. In general, consumption showed a precipitous decrease. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, broad bean and horse bean production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of broad beans and horse beans (dry) in Myanmar totaled less than X kg per ha in 2022, approximately equating the year before. In general, the yield continues to indicate a relatively flat trend pattern. 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 Myanmar stood at less than X ha in 2022, standing approx. at the year before. In general, the harvested area saw a relatively flat trend pattern.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Myanmar

After two years of decline, shipments abroad of broad beans and horse beans (dry) increased by 568% to X tons in 2022. Over the period under review, exports, however, saw a significant contraction. The pace of growth was the most pronounced in 2019 with an increase of 5,224%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2022. Overall, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2019 with an increase of 6,334%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X kg), Mauritius (X kg) and the Netherlands (X kg) were the main destinations of broad bean and horse bean exports from Myanmar, with a combined 73% share of total exports.

From 2017 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +100.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for broad bean and horse bean exported from Myanmar were Mauritius ($X), Malaysia ($X) and the Netherlands ($X), with a combined 76% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +91.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for broad beans and horse beans (dry) amounted to $X per ton, dropping by -11.3% against the previous year. In general, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+5.9%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Myanmar

In 2017, purchases abroad of broad beans and horse beans (dry) decreased by 0% to X tons, falling for the second year in a row after two years of decline. In general, imports saw a significant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, imports reached the peak figure in 2017 and are expected to retain growth in the immediate term.

In value terms, broad bean and horse bean imports amounted to $X in 2017. Overall, imports enjoyed a significant expansion. The smallest decline of 99.9% was in 2016. Imports peaked in 2017 and are likely to see steady growth in the immediate term.

Imports by Country

In 2017, Australia (X tons) constituted the largest supplier of broad bean and horse bean to Myanmar, with a 67% share of total imports. Moreover, broad bean and horse bean imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2013 to 2017, the average annual growth rate of volume from Australia was relatively modest.

In value terms, Australia ($X) constituted the largest supplier of broad beans and horse beans (dry) to Myanmar, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with a 31% share of total imports.

From 2013 to 2017, the average annual growth rate of value from Australia was relatively modest.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2017, almost unchanged from the previous year. In general, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average import price decreased by 99.9%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2017, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China totaled $X per ton.

From 2013 to 2017, the most notable rate of growth in terms of prices was attained by China (-0.7%).

Source: IndexBox Platform

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