Ukraine: Dry Bean Market 2024

Dry Bean Market Size in Ukraine

In 2022, after two years of growth, there was significant decline in the Ukrainian dry bean market, when its value decreased by -10.8% to $X. Over the period under review, consumption, however, saw a buoyant increase. Dry bean consumption peaked at $X in 2021, and then shrank in the following year.

Dry Bean Production in Ukraine

In value terms, dry bean production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average yield of beans (dry) in Ukraine contracted to X tons per ha, with a decrease of -3% compared with the previous year's figure. The yield figure increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the yield increased by 11% against the previous year. Over the period under review, the average dry bean yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of beans (dry) were harvested in Ukraine; approximately equating 2021 figures. In general, the total harvested area indicated strong growth from 2012 to 2022: its figure increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dry bean harvested area decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. The dry bean harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Dry Bean Exports

Exports from Ukraine

In 2022, shipments abroad of beans (dry) increased by 116% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 246% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, dry bean exports skyrocketed to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 277% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Pakistan (X tons) and Poland (X tons) were the main destinations of dry bean exports from Ukraine, together comprising 55% of total exports. Moldova, Romania, Belgium, the United Arab Emirates, Lithuania, Germany, the Czech Republic, Hungary, Portugal and Japan lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +349.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for beans (dry) exports from Ukraine, comprising 33% of total exports. The second position in the ranking was held by Pakistan ($X), with a 13% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +82.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+167.5% per year) and Poland (+37.5% per year).

Export Prices by Country

The average dry bean export price stood at $X per ton in 2022, declining by -2.5% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price 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, dry bean export price increased by +84.0% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

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 Portugal ($X per ton), while the average price for exports to Lithuania ($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 Pakistan (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Ukraine

In 2022, supplies from abroad of beans (dry) increased by 27% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 358% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, dry bean imports expanded significantly to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 246%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of dry bean to Ukraine, with a 79% share of total imports. Moreover, dry bean imports from Poland exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), more than tenfold. The third position in this ranking was taken by Canada (X tons), with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +69.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+5.2% per year) and Canada (+45.7% per year).

In value terms, Poland ($X) constituted the largest supplier of beans (dry) to Ukraine, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total imports. It was followed by Uzbekistan, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.9% per year) and Uzbekistan (+4.8% per year).

Import Prices by Country

The average dry bean import price stood at $X per ton in 2022, waning by -16.7% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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