China - Broad Beans And Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Broad Bean and Horse Bean in China - 2023
Contents:
- Price for Broad Bean and Horse Bean in China (FOB) - 2023
- Price for Broad Bean and Horse Bean in China (CIF) - 2022
- Exports of Broad Bean and Horse Bean in China
- Imports of Broad Bean and Horse Bean in China
Price for Broad Bean and Horse Bean in China (FOB) - 2023
The average export price for broad beans and horse beans (dry) stood at $1,415 per ton in June 2023, which is down by -19.2% against the previous month. Over the period under review, export price indicated resilient growth from June 2022 to June 2023: its price increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, broad bean and horse bean export price decreased by -19.2% against May 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 35% month-to-month. Over the period under review, the average export prices hit record highs at $1,750 per ton in May 2023, and then shrank notably in the following month.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Japan ($2,395 per ton), while the average price for exports to Thailand ($1,055 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Broad Bean and Horse Bean in China (CIF) - 2022
In 2022, the average import price for broad beans and horse beans (dry) amounted to $1,137 per ton, with a decrease of -41.2% against the previous year. In general, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 53%. Over the period under review, average import prices attained the maximum at $1,933 per ton in 2021, and then fell sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,184 per ton), while the price for Japan stood at $1,010 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.5%), while the prices for the other major suppliers experienced a decline.
Exports of Broad Bean and Horse Bean in China
In 2022, overseas shipments of broad beans and horse beans (dry) were finally on the rise to reach 12K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt slump.
In value terms, broad bean and horse bean exports skyrocketed to $12M in 2022. In general, exports, however, showed a deep reduction.
| Export of Broad Bean and Horse Bean in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.2 | 3.9 | 3.0 | 3.7 | -10.7% |
| Myanmar | N/A | N/A | 0.5 | 3.3 | 560.0% |
| Thailand | 3.2 | 1.9 | 2.1 | 3.2 | 0.0% |
| Mexico | 1.8 | 1.6 | 2.2 | 0.7 | -27.0% |
| Pakistan | 0.3 | 0.5 | 0.4 | 0.3 | 0.0% |
| United Arab Emirates | 0.3 | 0.5 | 0.1 | 0.3 | 0.0% |
| Philippines | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| Indonesia | 0.6 | 0.4 | 0.3 | 0.1 | -45.0% |
| Vietnam | 1.3 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 0.7 | 0.4 | 0.1 | -55.0% |
| Total | 14.2 | 9.8 | 9.2 | 12.0 | -5.5% |
Top Export Markets for Broad Bean and Horse Bean from China in 2022:
- Myanmar (5.3K tons)
- Thailand (3.0K tons)
- Japan (2.1K tons)
- Mexico (0.5K tons)
- United Arab Emirates (0.3K tons)
- Philippines (0.3K tons)
- Pakistan (0.2K tons)
- Indonesia (0.1K tons)
Imports of Broad Bean and Horse Bean in China
In 2022, the amount of broad beans and horse beans (dry) imported into China shrank to 47 tons, which is down by -12% against 2021 figures. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 2,094%. As a result, imports reached the peak of 53 tons, and then declined in the following year.
In value terms, broad bean and horse bean imports reduced rapidly to $53K in 2022. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 2,715%. As a result, imports attained the peak of $103K, and then declined significantly in the following year.
| Import of Broad Bean and Horse Bean in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.0 | 2.0 | 29.3 | 45.8 | 39.1% |
| United States | 5.4 | 1.6 | 73.4 | 7.4 | 11.1% |
| Others | 1.5 | 0.1 | N/A | N/A | -93.3% |
| Total | 23.9 | 3.6 | 103 | 53.2 | 30.6% |
Top Suppliers of Broad Bean and Horse Bean to China in 2022:
- Japan (45.4 tons)
- United States (1.4 tons)
This report provides an in-depth analysis of the market for broad bean and horse bean in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 181 - Broad beans, dry
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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