Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China - 2023
Contents:
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China (FOB) - 2023
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China (CIF) - 2022
- Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China
- Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China (FOB) - 2023
The average export price for leguminous vegetables; shelled or unshelled, fresh or chilleds stood at $2,577 per ton in December 2023, waning by -1.7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 22% against the previous month. Over the period under review, the average export prices attained the maximum at $2,706 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Hong Kong SAR ($2,793 per ton), while the average price for exports to Macao SAR ($249 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China (CIF) - 2022
In 2022, the average import price for leguminous vegetables; shelled or unshelled, fresh or chilleds amounted to $402 per ton, picking up by 11% against the previous year. Overall, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $1,367 per ton in 2018; however, from 2019 to 2022, 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 the United States ($1,398 per ton), while the price for Canada ($512 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China
In 2022, after three years of growth, there was significant decline in overseas shipments of leguminous vegetables; shelled or unshelled, fresh or chilleds, when their volume decreased by -17.9% to 95K tons. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 336% against the previous year.
In value terms, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds totaled $202M in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 388%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 10.1 | 9.0 | 9.1 | 9.7 | -1.3% |
| Malaysia | 3.3 | 4.0 | 4.7 | 6.8 | 27.3% |
| Vietnam | 8.4 | 11.0 | 4.8 | 3.2 | -27.5% |
| Canada | 2.0 | 2.0 | 1.3 | 1.1 | -18.1% |
| Australia | 0.4 | 0.5 | 0.5 | 0.9 | 31.0% |
| United Kingdom | 0.6 | 1.1 | 0.5 | 0.8 | 10.1% |
| Macao SAR | 0.6 | N/A | N/A | N/A | 0% |
| Hong Kong SAR | 2.2 | N/A | N/A | N/A | 0% |
| Singapore | 0.7 | 1.2 | 0.2 | N/A | -46.5% |
| Others | 2.1 | 119 | 176 | 180 | 340.9% |
| Total | 30.3 | 148 | 197 | 202 | 88.2% |
Top Export Markets for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled from China in 2022:
- Thailand (6.2K tons)
- Malaysia (3.0K tons)
- Vietnam (2.2K tons)
- Canada (0.6K tons)
- Australia (0.3K tons)
- United Kingdom (0.3K tons)
Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China
In 2022, the amount of leguminous vegetables; shelled or unshelled, fresh or chilleds imported into China declined sharply to 12K tons, waning by -29.2% compared with the year before. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 237%. As a result, imports reached the peak of 16K tons, and then shrank notably in the following year.
In value terms, imports of leguminous vegetables; shelled or unshelled, fresh or chilleds shrank remarkably to $4.7M in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 75%.
| Import of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.7 | 0.6 | 0.8 | 1.5 | 28.9% |
| Canada | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| United States | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Lao People's Democratic Republic | 5.0 | 2.2 | 1.8 | N/A | -40.0% |
| Others | 0.4 | 0.1 | 2.7 | 2.6 | 86.6% |
| Total | 6.7 | 3.4 | 6.0 | 4.7 | -11.1% |
Top Suppliers of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled to China in 2022:
- Myanmar (2.3K tons)
- Canada (0.8K tons)
- United States (0.1K tons)
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