Dry Bean Market

Dry bean market: download newly released statistics empowered by an Ai-driven business intelligence platform. Data cover market prices, imports, production, trade, companies, market size, exports, and consumption. There is a split by country, including the U.K., the Middle East, the U.S., EU, Africa, China, Latin America, and Russia. Market dynamics and forecast to 2030 are also provided in the snapshots.

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Dry Bean - World's Largest Markets

In value terms, India led the market, alone. The second position in the ranking was occupied by Nigeria. It was followed by Brazil.

From 2019 to 2021, the average annual growth rate of value in India amounted to +5.1%. The remaining consuming countries recorded the following average annual rates of market growth: Nigeria (-4.8% per year) and Brazil (-0.9% per year).

Dry Bean Prices

Dry Bean - Top Importers

In value terms, India ($880M) constitutes the largest market for imported beans (dry) worldwide, comprising 22% of global imports. The second position in the ranking was occupied by the United States ($249M), with a 6.2% share of global imports. It was followed by Italy, with a 4.3% share.

In India, dry bean imports expanded at an average annual rate of +44.2% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+23.9% per year) and Italy (+7.3% per year).

Dry Bean - Top Exporters

In value terms, Myanmar ($909M), Brazil ($459M) and China ($445M) appeared to be the countries with the highest levels of exports in 2021, together accounting for 39% of global exports. These countries were followed by the United States, Canada, Argentina, Uzbekistan, Egypt, Australia, India, Ethiopia, Uganda and Tanzania, which together accounted for a further 43%.

In terms of the main exporting countries, Australia (+108.4% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Dry Bean - Market Forecast

Driven by increasing demand for dry bean worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Dry Bean - Top Companies

Test Company Prod, Spokane Seed Company, Rancho Medio Kilo, S.P.R. de R.L., Agricola La Venta S.A., Latham Hi-Tech Hybrids, Inc., AGROALTOS S.A., Agricola Sol de Villacuri S.A.C., Quality Grains Trading Company, GREEN VEGETABLES & FLOWERS S.A.C., CONO S.A., Viterra USA LLC, Erwin-Keith, Inc., Eastern Colorado Seeds, LLC, SEVEN GABLES CHILE LLC OFICINA DE REPRESENTACION EN CHILE, SPECIALITIES ARGENTINA S.A., Lakeview Hutterian Brethren Inc, Eggishof AG, Agrar GmbH Wormsdorf, Gomes Farms Inc, Pure Line Seeds, Inc.

Dry Bean - Product Coverage

• HS 071331 - Vegetables, leguminous; beans of the species vigna mungo (l.) hepper or vigna radiata (l.) wilczek, shelled, whether or not skinned or split, dried
• HS 071332 - Vegetables, leguminous; small red (adzuki) beans (phaseolus or vigna angularis), shelled, whether or not skinned or split, dried
• HS 071333 - Vegetables, leguminous; kidney beans, including white pea beans (phaseolus vulgaris), shelled, whether or not skinned or split, dried
• HS 071334 - Vegetables, leguminous; bambara beans (Vigna subterranea or Voandzeia subterranea), shelled, whether or not skinned or split, dried
• HS 071335 - Vegetables, leguminous; cow peas (Vigna unguiculata), shelled, whether or not skinned or split, dried
• HS 071339 - Vegetables, leguminous; n.e.s. in item no. 0713.30, dried, shelled, whether or not skinned or split

Source: IndexBox Market Intelligence Platform