Report Update Nov 1, 2024

Vietnam - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Vietnamese market for broad beans and horse beans (dry) shrank slightly to $X in 2022, which is down by -3% 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). In general, consumption, however, showed a strong increase. Broad bean and horse bean consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Vietnam

After four years of decline, shipments abroad of broad beans and horse beans (dry) increased by 40% to X tons in 2022. Overall, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2016 when exports increased by 1,880% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 1,119% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) and China (X tons) were the main destinations of broad bean and horse bean exports from Vietnam.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +13.2%).

In value terms, Norway ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Vietnam, comprising 84% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +3.8%.

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, declining by -13% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2013 an increase of 868% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-8.3%).

Imports of Broad Beans And Horse Beans (Dry)

Imports into Vietnam

In 2022, the amount of broad beans and horse beans (dry) imported into Vietnam fell modestly to X tons, which is down by -4.5% on the previous year. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,843%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, broad bean and horse bean imports dropped modestly to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 1,455% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the main supplier of broad bean and horse bean to Vietnam, accounting for a 94% 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), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to +103.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and the UK (-35.0% per year).

In value terms, Australia ($X) constituted the largest supplier of broad beans and horse beans (dry) to Vietnam, comprising 85% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +106.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and the UK (-37.3% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, surging by 4.1% against the previous year. Overall, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($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 (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of broad bean and horse bean consumption in 2021 were China, Ethiopia and Egypt, together comprising 57% of global consumption. The UK, Sudan, Italy, France, Germany, Lithuania and Australia lagged somewhat behind, together comprising a further 23%.

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

The countries with the highest volumes of broad bean and horse bean production in 2021 were China, Ethiopia and the UK, together accounting for 58% of global production. These countries were followed by Australia, Lithuania, Germany, Sudan, France, Italy, Egypt and Latvia, which together accounted for a further 25%.

What are the leading suppliers of broad beans and horse beans (dry) to Vietnam?

In value terms, Australia constituted the largest supplier of broad bean and horse bean to Vietnam, comprising 80% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports.

What are the leading importers of broad beans and horse beans (dry) from Vietnam?

In value terms, Norway emerged as the key foreign market for broad bean and horse bean exports from Vietnam, comprising 87% of total exports. The second position in the ranking was occupied by China, with a 13% share of total exports.

What is the average export price for broad beans and horse beans (dry) in Vietnam?

In 2021, the average export price for broad beans and horse beans dry) amounted to $2,297 per ton, growing by 357% against the previous year.

What is the average import price for broad beans and horse beans (dry) in Vietnam?

The average import price for broad beans and horse beans dry) stood at $403 per ton in 2021, falling by -10.4% against the previous year.

This report provides an in-depth analysis of the market for broad bean and horse bean in Vietnam. 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 181 - Broad beans, dry

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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