Pakistan: Green Bean Market 2024

Green Bean Market Size in Pakistan

After two years of growth, the Pakistani green bean market decreased by -9.8% to $X in 2022. Overall, consumption, however, posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Green Bean Production in Pakistan

In value terms, green bean production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 453% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of green beans in Pakistan reached X tons per ha, surging by 1.9% compared with 2021 figures. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average green bean yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area in Pakistan declined sharply to X ha in 2022, waning by -17.9% against the previous year. Over the period under review, the harvested area, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 57%. The green bean harvested area peaked at X ha in 2021, and then dropped notably in the following year.

Green Bean Exports

Exports from Pakistan

In 2022, overseas shipments of green beans increased by 134% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a sharp reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 337% 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, green bean exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 427%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Tajikistan (X tons) and Oman (X tons) were the main destinations of green bean exports from Pakistan, with a combined 76% share of total exports. The UK, Bahrain, Kuwait and Canada lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for green bean exported from Pakistan were the United Arab Emirates ($X), the UK ($X) and Oman ($X), with a combined 64% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +46.4%, saw the highest growth rate of 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 green bean export price amounted to $X per ton, dropping by -10.2% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 51% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Tajikistan ($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 UK (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Pakistan

In 2022, purchases abroad of green beans increased by 5.9% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 301% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, green bean imports expanded remarkably to $X in 2022. Overall, imports recorded a mild increase. The pace of growth appeared the most rapid in 2017 with an increase of 211%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) was the main green bean supplier to Pakistan, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar amounted to +12.8%.

In value terms, Myanmar ($X) constituted the largest supplier of green beans to Pakistan.

From 2012 to 2022, the average annual growth rate of value from Myanmar totaled +1.8%.

Import Prices by Country

The average green bean import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to -9.8% per year.

Source: IndexBox Platform

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