Australia: Green Bean Market Overview 2021

Green Bean Market Size in Australia

The Australian green bean market totaled $X in 2020, flattening at the previous year. Over the period under review, consumption saw a temperate increase. The pace of growth appeared the most rapid in 2012 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the near future.

Green Bean Production in Australia

In value terms, green bean production declined slightly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Green bean production peaked at $X in 2019, and then reduced in the following year.

The average yield of green beans in Australia contracted to X tonnes per ha in 2020, therefore, remained relatively stable against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. The green bean yield peaked at X tonnes per ha in 2018; however, from 2019 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of green beans production in Australia stood at X ha, with an increase of X% compared with the year before. Overall, the total harvested area indicated a tangible increase from 2007 to 2020: its figure 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, green bean harvested area increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The green bean harvested area peaked in 2020 and is expected to retain growth in years to come.

Green Bean Exports

Exports from Australia

After two years of growth, shipments abroad of green beans decreased by -X% to X tonnes in 2020. In general, total exports indicated a temperate expansion from 2007 to 2020: its volume 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. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2019, and then contracted significantly in the following year.

In value terms, green bean exports reduced remarkably to $X in 2020. Overall, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then dropped sharply in the following year.

Exports by Country

New Zealand (X tonnes) was the main destination for green bean exports from Australia, with a X% share of total exports. It was followed by Canada (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to New Zealand amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the UK (+X% per year).

In value terms, New Zealand ($X) remains the key foreign market for green bean exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to New Zealand stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the UK (+X% per year).

Export Prices by Country

In 2020, the average green bean export price amounted to $X per tonne, dropping 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 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to New Zealand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand, while the prices for the other major destinations experienced a decline.

Green Bean Imports

Imports into Australia

In 2020, purchases abroad of green beans increased by X% to X tonnes, rising for the second consecutive year after three years of decline. In general, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. from 2016 to 2020, the growth imports remained at a lower figure.

In value terms, green bean imports soared to $X in 2020. Over the period under review, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest supplier of green bean to Australia, accounting for a X% share of total imports. Moreover, green bean imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fourfold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Belgium (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of green bean to Australia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Canada totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Belgium (+X% per year).

Import Prices by Country

The average green bean import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were the U.S. ($X per tonne) and the United Arab Emirates ($X per tonne), while the price for Canada ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for green beans in the world?

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China (23M tonnes) constituted the country with the largest volume of green bean consumption, comprising approx. 76% of total volume. Moreover, green bean consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia (954K tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (843K tonnes), with a 2.8% share.

What are the largest producers of green beans in the world?

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China (23M tonnes) remains the largest green bean producing country worldwide, accounting for 76% of total volume. Moreover, green bean production in China exceeded the figures recorded by the second-largest producer, Indonesia (955K tonnes), more than tenfold. France (817K tonnes) ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of green beans to Australia?

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In value terms, Canada ($402K) constituted the largest supplier of green bean to Australia, comprising 62% of total imports. The second position in the ranking was occupied by the U.S. ($117K), with a 18% share of total imports. It was followed by Belgium, with a 8.7% share.

What are the leading importers of green beans from Australia?

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In value terms, New Zealand ($4M) remains the key foreign market for green bean exports from Australia, comprising 93% of total exports. The second position in the ranking was occupied by Canada ($135K), with a 3.1% share of total exports.

What is the average export price for green beans in Australia?

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In 2020, the average green bean export price amounted to $3,289 per tonne, which is down by -4.4% against the previous year.

What is the average import price for green beans in Australia?

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In 2020, the average green bean import price amounted to $1,086 per tonne, growing by 4.4% against the previous year.