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

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

The Southeast Asian market for broad beans and horse beans (dry) soared to $X in 2022, picking up by 31% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.1% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, broad bean and horse bean production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 22%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The country with the largest volume of broad bean and horse bean production was Myanmar (X tons), accounting for 87% of total volume. Moreover, broad bean and horse bean production in Myanmar exceeded the figures recorded by the second-largest producer, Cambodia (X tons), sevenfold.

In Myanmar, broad bean and horse bean production remained relatively stable over the period from 2012-2022.

Exports of Broad Beans And Horse Beans (Dry)

Exports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in shipments abroad of broad beans and horse beans (dry), when their volume increased by 36% to X tons. In general, exports, however, recorded a precipitous curtailment. The growth pace was the most rapid in 2019 with an increase of 43%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports soared to $X in 2022. Overall, exports, however, recorded a precipitous slump. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia represented the key exporting country with an export of about X tons, which accounted for 56% of total exports. Vietnam (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (7.8%) and Singapore (4.7%). Indonesia (X kg) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to broad bean and horse bean exports from Malaysia stood at -22.6%. Vietnam (-4.5%), Myanmar (-21.8%), Indonesia (-29.7%) and Singapore (-31.5%) illustrated a downward trend over the same period. Vietnam (+24 p.p.) and Myanmar (+7.8 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Indonesia and Singapore saw its share reduced by -5%, -5.6% and -12.6% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest broad bean and horse bean supplier in South-Eastern Asia, comprising 63% of total exports. The second position in the ranking was held by Vietnam ($X), with an 18% share of total exports. It was followed by Singapore, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to -19.5%. In the other countries, the average annual rates were as follows: Vietnam (-7.1% per year) and Singapore (-28.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2020 an increase of 98%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports in South-Eastern Asia

In 2022, imports of broad beans and horse beans (dry) in South-Eastern Asia skyrocketed to X tons, jumping by 25% on the year before. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.8% against 2020 indices. The growth pace was the most rapid in 2019 when imports increased by 47%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia represented the key importing country with an import of around X tons, which recorded 56% of total imports. It was distantly followed by Vietnam (X tons), Thailand (X tons) and Malaysia (X tons), together making up a 41% share of total imports. The Philippines (X tons) held a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, Vietnam (+17.3%) and Thailand (+4.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +17.3% from 2012-2022. The Philippines experienced a relatively flat trend pattern. By contrast, Malaysia (-8.5%) illustrated a downward trend over the same period. Vietnam (+14 p.p.) and Indonesia (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -16.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported broad beans and horse beans (dry) in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +3.7%. In the other countries, the average annual rates were as follows: Thailand (+4.5% per year) and Vietnam (+8.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by 8.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 25% against the previous year. 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 Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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