Eastern Asia: Green Bean Market 2022

Green Bean Market Size in Eastern Asia

For the fourth year in a row, the East Asian green bean market recorded decline in sales value, which decreased by -X% to $X in 2021. In general, consumption continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Green Bean Production in Eastern Asia

In value terms, green bean production reached $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

China (X tons) remains the largest green bean producing country in Eastern Asia, accounting for X% of total volume.

From 2012 to 2021, the average annual growth rate of volume in China was relatively modest.

In 2021, the average yield of green beans in Eastern Asia dropped to X tons per ha, approximately reflecting 2020 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2021, the growth of the green bean yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of green beans were harvested in Eastern Asia; therefore, remained relatively stable against 2020 figures. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2021, the growth of the green bean harvested area remained at a somewhat lower figure.

Production By Country in Eastern Asia

China (X tons) remains the largest green bean producing country in Eastern Asia, comprising approx. X% of total volume.

In China, green bean production remained relatively stable over the period from 2012-2021.

Green Bean Exports

Exports in Eastern Asia

Green bean exports skyrocketed to X tons in 2021, with an increase of X% on 2020 figures. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, green bean exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) represented roughly X% of total exports in 2021.

China was also the fastest-growing in terms of the green beans exports, with a CAGR of +X% from 2012 to 2021. China (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Green Bean Imports

Imports in Eastern Asia

In 2021, purchases abroad of green beans decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, green bean imports reduced sharply to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

China represented the largest importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Macao SAR (X tons) and Japan (X tons), together comprising a X% share of total imports. The following importers - Hong Kong SAR (X tons) and South Korea (X tons) - each finished at a X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Macao SAR (+X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Macao SAR (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-X p.p.), Hong Kong SAR (-X p.p.) and Japan (-X p.p.) displayed negative dynamics.

In value terms, China ($X), Japan ($X) and Macao SAR ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Macao SAR, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the import price faced a abrupt downturn. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform