Asia: Green Bean Market Overview 2021

Green Bean Market Size in Asia

In 2020, the Asian green bean market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. The total consumption indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market failed to regain the momentum.

Green Bean Production in Asia

In value terms, green bean production rose to $X in 2020 estimated in export prices. in general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2018 to 2020, production growth remained at a lower figure.

China (X tonnes) constituted the country with the largest volume of green bean production, accounting for X% of total volume. Moreover, green bean production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tonnes), more than tenfold. India (X tonnes) ranked third in terms of total production with a X% share.

In China, green bean production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+X% per year) and India (+X% per year).

In 2020, the average green bean yield in Asia expanded modestly to X tonnes per ha, with an increase of X% compared with 2019. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. The level of yield peaked in 2020 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area amounted to X ha in 2020, growing by X% on the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. The level of harvested area peaked in 2020 and is likely to see steady growth in the immediate term.

Production by Country in Asia

The country with the largest volume of green bean production was China (X tonnes), comprising approx. X% of total volume. Moreover, green bean production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tonnes), more than tenfold. India (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China amounted to +X%. in the other countries, the average annual rates were as follows: Indonesia (+X% per year) and India (+X% per year).

Green Bean Exports

Exports in Asia

In 2020, approx. X tonnes of green beans were exported in Asia; rising by X% compared with the year before. Over the period under review, exports saw a buoyant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, green bean exports soared to $X in 2020. Overall, exports recorded buoyant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates green bean exports structure, accounting for X tonnes, which was near X% of total exports in 2020. It was distantly followed by Malaysia (X tonnes), making up an X% share of total exports. Turkey (X tonnes) followed a long way behind the leaders.

China was also the fastest-growing in terms of the green beans exports, with a CAGR of +X% from 2007 to 2020. at the same time, Turkey (+X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Malaysia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest green bean supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

In China, green bean exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Turkey (+X% per year).

Export Prices by Country

The green bean export price in Asia stood at $X per tonne in 2020, increasing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced mixed trends in the export price figures.

Green Bean Imports

Imports in Asia

In 2020, green bean imports in Asia skyrocketed to X tonnes, rising by X% against the year before. in general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, green bean imports skyrocketed to $X in 2020. Total imports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Singapore represented the largest importer of green beans in Asia, with the volume of imports recording X tonnes, which was approx. X% of total imports in 2020. China (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Malaysia (X%) and Kuwait (X%). Macao SAR (X tonnes), Bahrain (X tonnes), Japan (X tonnes) and Maldives (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to green bean imports into Singapore stood at +X%. at the same time, Macao SAR (+X%), China (+X%), Kuwait (+X%), Bahrain (+X%), Maldives (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. by contrast, the United Arab Emirates (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Kuwait (+X p.p.), Singapore (+X p.p.), Macao SAR (+X p.p.), Malaysia (+X p.p.) and Bahrain (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of the United Arab Emirates (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported green beans in Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In Singapore, green bean imports increased at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: China (+X% per year) and Kuwait (+X% per year).

Import Prices by Country

The green bean import price in Asia stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Japan ($X per tonne), while Macao SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform