Singapore - Broad Beans And Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Broad Bean and Horse Bean in Singapore - 2022
Contents:
- Price for Broad Bean and Horse Bean in Singapore (CIF) - 2022
- Price for Broad Bean and Horse Bean in Singapore (FOB) - 2022
- Imports of Broad Bean and Horse Bean in Singapore
- Exports of Broad Bean and Horse Bean in Singapore
Price for Broad Bean and Horse Bean in Singapore (CIF) - 2022
In 2022, the average import price for broad beans and horse beans (dry) amounted to $2,666 per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. As a result, import price reached the peak level of $2,672 per ton, leveling off in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($2,709 per ton), while the price for Malaysia ($2,628 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Broad Bean and Horse Bean in Singapore (FOB) - 2022
The average export price for broad beans and horse beans (dry) stood at $2,248 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2015 an increase of 218%. Over the period under review, the average export prices reached the maximum at $5,071 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($3,465 per ton), while the average price for exports to Malaysia ($798 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 Brunei Darussalam (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Broad Bean and Horse Bean in Singapore
In 2022, supplies from abroad of broad beans and horse beans (dry) decreased by -16.1% to 224 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 9.5% against the previous year. As a result, imports attained the peak of 310 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, broad bean and horse bean imports reduced dramatically to $597K in 2022. Overall, imports showed a slight decrease. The growth pace was the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of $725K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Broad Bean and Horse Bean in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 434 | 506 | 504 | 486 | 3.8% |
| China | 136 | 144 | 112 | 79.9 | -16.2% |
| New Zealand | N/A | 2.8 | 36.9 | 16.8 | 144.9% |
| Others | 48.5 | 72.7 | 60.7 | 13.7 | -34.4% |
| Total | 619 | 725 | 713 | 597 | -1.2% |
Top Suppliers of Broad Bean and Horse Bean to Singapore in 2022:
- Malaysia (185.1 tons)
- China (29.8 tons)
- New Zealand (6.2 tons)
Exports of Broad Bean and Horse Bean in Singapore
In 2022, overseas shipments of broad beans and horse beans (dry) increased by 523% to 1.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a precipitous curtailment.
In value terms, broad bean and horse bean exports surged to $3.4K in 2022. Overall, exports, however, recorded a sharp shrinkage.
| Export of Broad Bean and Horse Bean in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 0.2 | N/A | N/A | 2.7 | 138.1% |
| Malaysia | 0.3 | N/A | N/A | 0.5 | 18.6% |
| Indonesia | 7.4 | N/A | N/A | 0.1 | -76.2% |
| Oman | N/A | 1.4 | 0.5 | N/A | -64.3% |
| Others | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Total | 8.3 | 1.4 | 0.5 | 3.4 | -25.7% |
Top Export Markets for Broad Bean and Horse Bean from Singapore in 2022:
- Brunei Darussalam (789.0 kg)
- Malaysia (653.0 kg)
- Indonesia (40.0 kg)
This report provides an in-depth analysis of the market for broad bean and horse bean in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
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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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