India - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in India - 2023
Contents:
- Dry Bean Price in India (CIF) - 2023
- Dry Bean Price in India (FOB) - 2023
- Dry Bean Imports in India
- Dry Bean Exports in India
Dry Bean Price in India (CIF) - 2023
The average dry bean import price stood at $1,066 per ton in July 2023, surging by 3.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in August 2022 an increase of 14% m-o-m. Over the period under review, average import prices reached the peak figure in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,516 per ton), while the price for Afghanistan ($805 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Djibouti (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Bean Price in India (FOB) - 2023
In July 2023, the average dry bean export price amounted to $1,102 per ton, increasing by 3.2% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 43% month-to-month. The export price peaked at $1,224 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,518 per ton), while the average price for exports to Nepal ($830 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Bean Imports in India
In 2022, imports of beans (dry) into India fell significantly to 781K tons, with a decrease of -16% against the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports reached the peak of 930K tons, and then declined dramatically in the following year.
In value terms, dry bean imports shrank remarkably to $722M in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 86%. As a result, imports reached the peak of $882M, and then fell rapidly in the following year.
| Import of Dry Bean in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 208 | 316 | 469 | 529 | 36.5% |
| Brazil | 59.6 | 39.2 | 97.9 | 79.8 | 10.2% |
| Madagascar | 12.8 | 6.6 | 13.4 | 14.4 | 4.0% |
| Afghanistan | 8.9 | 3.2 | 16.5 | 14.2 | 16.9% |
| Ethiopia | 9.9 | 8.9 | 17.5 | 12.1 | 6.9% |
| Singapore | 2.1 | 5.2 | 15.7 | 10.3 | 69.9% |
| Tanzania | 15.4 | 1.6 | 46.4 | 10.3 | -12.5% |
| China | 54.8 | 45.9 | 36.4 | 8.3 | -46.7% |
| Mozambique | 13.0 | 16.4 | 57.7 | 6.2 | -21.9% |
| Others | 36.3 | 31.8 | 111 | 37.4 | 1.0% |
| Total | 421 | 475 | 882 | 722 | 19.7% |
Top Suppliers of Dry Bean to India in 2022:
- Myanmar (590.4K tons)
- Brazil (67.5K tons)
- Madagascar (17.0K tons)
- Ethiopia (14.8K tons)
- Afghanistan (13.7K tons)
- Tanzania (13.6K tons)
- Singapore (12.0K tons)
- Mozambique (9.5K tons)
- China (5.0K tons)
Dry Bean Exports in India
In 2022, shipments abroad of beans (dry) decreased by -38.1% to 69K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. As a result, the exports attained the peak of 111K tons, and then contracted dramatically in the following year.
In value terms, dry bean exports fell dramatically to $74M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 86%. As a result, the exports reached the peak of $110M, and then dropped markedly in the following year.
| Export of Dry Bean in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.8 | 20.3 | 18.4 | 18.3 | 19.2% |
| Nepal | 3.8 | 6.2 | 15.5 | 11.3 | 43.8% |
| China | 0.2 | 8.4 | 39.2 | 10.6 | 275.6% |
| Canada | 4.2 | 4.5 | 6.6 | 7.5 | 21.3% |
| United Arab Emirates | 1.1 | 0.9 | 2.6 | 6.8 | 83.5% |
| United Kingdom | 3.1 | 4.5 | 4.9 | 3.8 | 7.0% |
| Singapore | 0.9 | 1.3 | 2.3 | 1.7 | 23.6% |
| Malaysia | 0.7 | 0.9 | 3.0 | 1.7 | 34.4% |
| Netherlands | 0.1 | 0.3 | 2.1 | 1.6 | 152.0% |
| Qatar | 1.3 | 1.7 | 2.9 | 1.5 | 4.9% |
| Bangladesh | 1.9 | 2.0 | 3.5 | 0.6 | -31.9% |
| Sri Lanka | 1.8 | 1.4 | 0.3 | 0.4 | -39.4% |
| Others | 4.8 | 6.8 | 8.8 | 8.5 | 21.0% |
| Total | 34.6 | 59.2 | 110 | 74.3 | 29.0% |
Top Export Markets for Dry Bean from India in 2022:
- Nepal (15.1K tons)
- China (13.5K tons)
- United States (12.0K tons)
- United Arab Emirates (6.3K tons)
- Canada (5.8K tons)
- United Kingdom (3.0K tons)
- Malaysia (1.4K tons)
- Qatar (1.3K tons)
- Singapore (1.2K tons)
- Netherlands (1.1K tons)
- Bangladesh (0.7K tons)
- Sri Lanka (0.4K tons)
This report provides an in-depth analysis of the dry bean market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
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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
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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
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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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