South-Eastern Asia: Dry Bean Market 2024

Dry Bean Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian dry bean market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a abrupt decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Dry Bean Production in South-Eastern Asia

In value terms, dry bean production expanded slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The country with the largest volume of dry bean production was Myanmar (X tons), accounting for X% of total volume. Moreover, dry bean production in Myanmar exceeded the figures recorded by the second-largest producer, Vietnam (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Myanmar totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Indonesia (X% per year).

The average dry bean yield contracted modestly to X kg per ha in 2022, almost unchanged from the year before. In general, the yield continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. Over the period under review, the dry bean yield hit record highs at X tons per ha in 2013; however, from 2014 to 2022, the yield stood 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 2022, the total area harvested in terms of beans (dry) production in South-Eastern Asia reduced modestly to X ha, waning by X% against the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to dry bean production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Dry Bean Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas shipments of beans (dry), which increased by X% to X tons in 2022. Over the period under review, exports saw a modest increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, dry bean exports reduced modestly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Myanmar dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Thailand (X tons) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the beans (dry) exports, with a CAGR of X% from 2012 to 2022. Thailand experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) remains the largest dry bean supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Myanmar, dry bean exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Myanmar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Dry Bean Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of beans (dry) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, dry bean imports dropped to $X in 2022. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Malaysia (X tons), Thailand (X tons) and the Philippines (X tons), together mixing up a X% share of total imports. Singapore (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform