Japan: Overview of the Market for Broad Beans And Horse Beans (Dry) 2021

Market Size for Broad Beans And Horse Beans (Dry) in Japan

In 2019, the Japanese market for broad beans and horse beans (dry) was finally on the rise to reach $X for the first time since 2014, thus ending a four-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in Japan

In value terms, broad bean and horse bean production totaled $X in 2019 estimated in export prices. Over the period under review, production enjoyed a slight increase. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% against the previous year. Broad bean and horse bean production peaked at $X in 2013; however, from 2014 to 2019, production remained at a lower figure.

In 2019, the average broad bean and horse bean yield in Japan stood at X tonne per ha, leveling off at the previous year's figure. Overall, the yield 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. Over the period under review, the average broad bean and horse bean yield hit record highs at X tonnes per ha in 2007; afterwards, it flattened through to 2019. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the harvested area of broad beans and horse beans (dry) in Japan stood at X ha, approximately mirroring the previous year's figure. Overall, the harvested area continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the maximum at X ha in 2013; however, from 2014 to 2019, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Japan

Broad bean and horse bean exports from Japan skyrocketed to X tonnes in 2019, rising by X% on the previous year's figure. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, broad bean and horse bean exports soared to $X in 2019. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2019, exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) and China (X tonnes) were the main destinations of broad bean and horse bean exports from Japan, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in China.

In value terms, China ($X) and the U.S. ($X) constituted the largest markets for broad bean and horse bean exported from Japan worldwide, together accounting for X% of total exports.

China saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to the U.S. amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Japan

After three years of growth, overseas purchases of broad beans and horse beans (dry) decreased by -X% to X tonnes in 2019. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2019. In general, total imports indicated pronounced growth from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest broad bean and horse bean supplier to Japan, with a X% share of total imports. Moreover, broad bean and horse bean imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), threefold. The third position in this ranking was occupied by Bolivia (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Bolivia (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2019, the average import price for broad beans and horse beans (dry) amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import 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 the U.S. ($X per tonne), while the price for Bolivia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for broad beans and horse beans (dry) in the world?

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The country with the largest volume of broad bean and horse bean consumption was China (3.5M tonnes), accounting for 47% of total volume. Moreover, broad bean and horse bean consumption in China exceeded the figures recorded by the second-largest consumer, Ethiopia (989K tonnes), fourfold. Egypt (537K tonnes) ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of broad beans and horse beans (dry) in the world?

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The country with the largest volume of broad bean and horse bean production was China (3.5M tonnes), comprising approx. 49% of total volume. Moreover, broad bean and horse bean production in China exceeded the figures recorded by the second-largest producer, Ethiopia (1M tonnes), threefold. The third position in this ranking was occupied by the UK (548K tonnes), with a 7.7% share.

What are the leading suppliers of broad beans and horse beans (dry) to Japan?

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In value terms, China ($5.4M) constituted the largest supplier of broad bean and horse bean to Japan, comprising 69% of total imports. The second position in the ranking was occupied by Australia ($1.2M), with a 15% share of total imports. It was followed by the U.S., with a 8.9% share.

What are the leading importers of broad beans and horse beans (dry) from Japan?

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In value terms, the largest markets for broad bean and horse bean exported from Japan were China ($8.5K) and the U.S. ($6.2K), together accounting for 89% of total exports.

What is the average export price for broad beans and horse beans (dry) in Japan?

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The average export price for broad beans and horse beans (dry) stood at $686 per tonne in 2019, growing by 1.8% against the previous year.

What is the average import price for broad beans and horse beans (dry) in Japan?

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The average import price for broad beans and horse beans (dry) stood at $1,590 per tonne in 2019, surging by 67% against the previous year.