Southern Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Southern Asia

After two years of growth, the South Asian market for broad beans and horse beans (dry) decreased by X% to $X in 2022. Over the period under review, consumption showed a slight downturn. The level of consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Production of Broad Beans And Horse Beans (Dry) in Southern Asia

In value terms, broad bean and horse bean production reduced slightly to $X in 2022 estimated in export price. In general, production saw a mild reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nepal (X tons) remains the largest broad bean and horse bean producing country in Southern Asia, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nepal was relatively modest.

The average broad bean and horse bean yield contracted to X kg per ha in 2022, almost unchanged from the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the broad bean and horse bean yield attained the maximum level at X kg per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area reached X ha in 2022, almost unchanged from 2021 figures. In general, the harvested area, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Broad Beans And Horse Beans (Dry)

Exports in Southern Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of broad beans and horse beans (dry), when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, broad bean and horse bean exports reduced rapidly to $X in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

India (X tons) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of X% from 2012 to 2022. India (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, India ($X) also remains the largest broad bean and horse bean supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Southern Asia

In 2022, supplies from abroad of broad beans and horse beans (dry) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, broad bean and horse bean imports dropped rapidly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

India prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Sri Lanka (X tons) and Pakistan (X tons), together creating an X% share of total imports. Nepal (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to broad bean and horse bean imports into India stood at X%. At the same time, Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.), Sri Lanka (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, broad bean and horse bean imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform