Report Update Nov 1, 2024

New Zealand - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights

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New Zealand: Dry Bean Market 2024

Dry Bean Market Size in New Zealand

The New Zealand dry bean market rose notably to $X in 2022, surging by 14% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Dry bean consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Dry Bean Exports

Exports from New Zealand

In 2022, dry bean exports from New Zealand stood at X tons, picking up by 11% compared with 2021 figures. Overall, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of 71% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, dry bean exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 58%. 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

Canada (X tons), Norway (X tons) and the United States (X tons) were the main destinations of dry bean exports from New Zealand, with a combined 86% share of total exports. Germany, Solomon Islands and Australia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Solomon Islands (with a CAGR of +37.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Norway ($X) and Canada ($X) were the largest markets for dry bean exported from New Zealand worldwide, together accounting for 86% of total exports. Germany, Australia and Solomon Islands lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Solomon Islands, with a CAGR of +43.5%, recorded 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

In 2022, the average dry bean export price amounted to $X per ton, dropping by -26.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 39% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Australia ($X per ton), while the average price for exports to Canada ($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 Canada (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into New Zealand

Dry bean imports into New Zealand declined modestly to X tons in 2022, dropping by -2.1% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, dry bean imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of dry bean to New Zealand, accounting for a 79% share of total imports. Moreover, dry bean imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. The third position in this ranking was held by Australia (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.6% per year) and Australia (+10.9% per year).

In value terms, Canada ($X) constituted the largest supplier of beans (dry) to New Zealand, comprising 74% of total imports. The second position in the ranking was held by the United States ($X), with a 9.1% share of total imports. It was followed by China, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.2% per year) and China (+4.0% per year).

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Canada ($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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beans (dry) in the world?

The countries with the highest volumes of dry bean consumption in 2020 were India, Nigeria and Brazil, together accounting for 34% of global consumption. These countries were followed by Niger, Myanmar, Tanzania, the United States, China, Mexico, Kenya, Burkina Faso, Cameroon and Uganda, which together accounted for a further 34%.

What are the largest producers of beans (dry) in the world?

The countries with the highest volumes of dry bean production in 2020 were India, Nigeria and Myanmar, with a combined 33% share of global production. These countries were followed by Brazil, Niger, the United States, Tanzania, China, Mexico, Kenya, Burkina Faso, Cameroon and Argentina, which together accounted for a further 38%.

What are the leading suppliers of beans (dry) to New Zealand?

In value terms, Canada constituted the largest supplier of dry bean to New Zealand, comprising 84% of total imports. The second position in the ranking was occupied by China, with a 3.1% share of total imports. It was followed by Australia, with a 2.8% share.

What are the leading importers of beans (dry) from New Zealand?

In value terms, the United States remains the key foreign market for dry bean exports from New Zealand, comprising 69% of total exports. The second position in the ranking was occupied by Norway, with a 20% share of total exports.

What is the average export price for beans (dry) in New Zealand?

The average dry bean export price stood at $1,938 per ton in 2020, dropping by -7.9% against the previous year.

What is the average import price for beans (dry) in New Zealand?

The average dry bean import price stood at $1,095 per ton in 2020, picking up by 2.1% against the previous year.

This report provides an in-depth analysis of the dry bean market in New Zealand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 176 - Beans, dry
FCL 203 - Bambara beans
FCL 195 - Cow peas, dry

Country coverage:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023