Eastern Asia: Dry Bean Market 2020

Dry Bean Market Size in Eastern Asia

The revenue of the dry bean market in Eastern Asia amounted to $X in 2017, going up by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when market value increased by X% y-o-y. In that year, the dry bean market attained their peak level, and is likely to continue its growth in the immediate term.

Dry Bean Production in Eastern Asia

In 2017, approx. X tons of beans (dry) were produced in Eastern Asia; lowering by -X% against the previous year. The dry bean production continues to indicate a measured deduction. The most prominent rate of growth was recorded in 2008, when the output figure increased by X% year-to-year. In that year, the dry bean production reached their peak volume of X tons. From 2009 to 2017, growth of the dry bean production failed to regain its momentum. The general negative trend in terms of dry bean output was largely conditioned by a measured slump of the harvested area and a relatively flat trend pattern in yield figures.

Democratic People's Republic of Korea (X tons) constituted the country with the largest volume of dry bean production, comprising approx. X% of total production. Moreover, dry bean production in Democratic People's Republic of Korea exceeded the figures recorded by the world's second largest producer, Japan (X tons), tenfold. Taiwan, Chinese (X tons) ranked third in terms of total production with a X% share.

In Democratic People's Republic of Korea, dry bean production remained relatively stable over the period from 2007-2017. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and Taiwan, Chinese (+X% per year).

In 2017, average dry bean yield in Eastern Asia totaled X ton per ha, stabilizing at the previous year. The dry bean yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. Over the period under review, the dry bean yield reached its maximum level of X ton per ha in 2008; however, from 2009 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of beans (dry) production in Eastern Asia totaled X ha, waning by -X% against the previous year. The dry bean harvested area continues to indicate a measured deduction. The pace of growth appeared the most rapid in 2015, when it surged by X% y-o-y. Over the period under review, the harvested area dedicated to dry bean production attained its peak figure of X ha in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Dry Bean Exports in Eastern Asia

In 2017, dry bean exports in Eastern Asia amounted to X tons, lowering by -X% against the previous year. The dry bean exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2009, when exports increased by X% against the previous year. In that year, the dry bean exports attained their peak volume of X tons. From 2010 to 2017, growth of the dry bean exports failed to regain its momentum.

In value terms, dry bean exports amounted to $X in 2017. The dry bean exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Dry Bean Exports by Country in Eastern Asia

The exports of the one major exporters of beans (dry), namely China, represented more than two-thirds of total export.

China was also the fastest growing in terms of the beans (dry) exports, with a CAGR of -X% from 2007 to 2017. China (X%) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest dry bean supplier in Eastern Asia.

From 2007 to 2017, the average annual rate of growth in terms of value in China was relatively modest.

Dry Bean Export Prices by Country in Eastern Asia

In 2017, the dry bean export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. The export price indicated a strong increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for beans (dry) attained its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by export prices for China.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year).

Dry Bean Imports in Eastern Asia

In 2017, dry bean imports in Eastern Asia totaled X tons, surging by X% against the previous year. The dry bean imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. In that year, the dry bean imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, dry bean imports amounted to $X in 2017. The total imports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dry bean imports decreased by -X% against 2015 indices. Over the period under review, the dry bean imports reached its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Dry Bean Imports by Country in Eastern Asia

Japan represented the main importer of beans (dry) in Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2017. China (X tons) took the second position in the ranking, followed by South Korea (X tons) and Taiwan, Chinese (X tons). All these countries together took approx. X% share of total imports. China, Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to dry bean imports into Japan stood at +X%. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, China, Hong Kong SAR (-X%), South Korea (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of South Korea and Taiwan, Chinese increased by X% and X% percentage points, while China (-X%) and Japan (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported beans (dry) in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In Japan, dry bean imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

Dry Bean Import Prices by Country in Eastern Asia

In 2017, the dry bean import price in Eastern Asia amounted to $X per ton, waning by -X% against the previous year. The import price indicated a remarkable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dry bean import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when the import prices increased by X% against the previous year. Over the period under review, the import prices for beans (dry) attained its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China, Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform