China - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in China - 2023
Contents:
- Dry Bean Price in China (CIF) - 2023
- Dry Bean Price in China (FOB) - 2023
- Dry Bean Imports in China
- Dry Bean Exports in China
Dry Bean Price in China (CIF) - 2023
In June 2023, the average dry bean import price amounted to $833 per ton, growing by 4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 an increase of 8.1% against the previous month. Over the period under review, average import prices hit record highs at $985 per ton in September 2022; however, from October 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ethiopia ($1,243 per ton), while the price for Myanmar ($720 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
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Dry Bean Price in China (FOB) - 2023
The average dry bean export price stood at $1,564 per ton in June 2023, waning by -9.9% against the previous month. Overall, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in January 2023 an increase of 6.9% against the previous month. The export price peaked at $2,129 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Canada ($2,310 per ton), while the average price for exports to Indonesia ($996 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.6%), while the prices for the other major destinations experienced a decline.
Dry Bean Imports in China
In 2022, dry bean imports into China skyrocketed to 766K tons, rising by 123% on the year before. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, dry bean imports skyrocketed to $690M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dry Bean in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 85.7 | 53.4 | 67.5 | 375 | 63.6% |
| Uzbekistan | 7.5 | 32.3 | 89.6 | 121 | 152.7% |
| Australia | 1.6 | 35.5 | 61.6 | 87.4 | 279.4% |
| Ethiopia | N/A | 31.5 | 42.1 | 50.7 | 26.9% |
| India | 0.1 | 0.5 | 23.1 | 19.0 | 474.9% |
| Indonesia | 5.6 | 26.4 | 16.1 | 14.2 | 36.4% |
| Thailand | 3.4 | 5.6 | 9.7 | 9.4 | 40.4% |
| Others | 1.1 | 13.6 | 19.6 | 13.6 | 131.2% |
| Total | 105 | 199 | 329 | 690 | 87.3% |
Top Suppliers of Dry Bean to China in 2022:
- Myanmar (451.9K tons)
- Uzbekistan (135.9K tons)
- Australia (90.1K tons)
- Ethiopia (32.2K tons)
- India (22.4K tons)
- Indonesia (10.4K tons)
- Thailand (8.1K tons)
Dry Bean Exports in China
Dry bean exports from China shrank to 153K tons in 2022, dropping by -14.2% against the previous year's figure. Overall, exports showed a precipitous contraction. The smallest decline of -13.5% was in 2020.
In value terms, dry bean exports contracted to $300M in 2022. Over the period under review, exports faced a deep reduction.
| Export of Dry Bean in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 89.2 | 85.0 | 87.2 | 119 | 10.1% |
| South Korea | 31.2 | 40.0 | 53.9 | 48.7 | 16.0% |
| United States | 18.9 | 22.0 | 27.2 | 21.3 | 4.1% |
| Indonesia | 1.4 | 0.3 | 2.1 | 9.8 | 91.3% |
| Italy | 23.8 | 20.2 | 10.1 | 8.7 | -28.5% |
| Greece | 4.4 | 7.2 | 3.8 | 8.7 | 25.5% |
| India | 52.3 | 45.9 | 25.4 | 7.1 | -48.6% |
| Canada | 7.6 | 6.6 | 6.9 | 6.9 | -3.2% |
| Taiwan (Chinese) | 7.0 | 6.7 | 7.8 | 5.9 | -5.5% |
| United Arab Emirates | 2.3 | 4.4 | 3.7 | 5.3 | 32.1% |
| Russia | 4.6 | 3.4 | 3.3 | 4.7 | 0.7% |
| Yemen | 8.5 | 3.0 | 7.0 | 4.6 | -18.5% |
| Thailand | 1.7 | 1.9 | 4.5 | 3.6 | 28.4% |
| Others | 211 | 180 | 80.0 | 45.0 | -40.3% |
| Total | 464 | 426 | 323 | 300 | -13.5% |
Top Export Markets for Dry Bean from China in 2022:
- Japan (53.0K tons)
- South Korea (26.2K tons)
- Indonesia (9.3K tons)
- United States (9.2K tons)
- Italy (5.0K tons)
- India (4.8K tons)
- United Arab Emirates (3.8K tons)
- Greece (3.8K tons)
- Taiwan (Chinese) (3.4K tons)
- Yemen (3.2K tons)
- Canada (2.9K tons)
- Russia (2.7K tons)
- Thailand (2.6K tons)
This report provides an in-depth analysis of the dry bean market in China. 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 176 - Beans, dry
- FCL 203 - Bambara beans
- FCL 195 - Cow peas, dry
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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