ASEAN: Green Bean Market 2024

Green Bean Market Size in ASEAN

The ASEAN green bean market rose to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Green Bean Production in ASEAN

In value terms, green bean production expanded significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The country with the largest volume of green bean production was Indonesia (X tons), accounting for X% of total volume. Moreover, green bean production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume in Indonesia was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Thailand (X% per year) and the Philippines (X% per year).

The average green bean yield reached X tons per ha in 2023, standing approx. at 2022. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the green bean yield reached the maximum level at X tons per ha in 2015; however, from 2016 to 2023, 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.

In 2023, the total area harvested in terms of green beans production in ASEAN reduced modestly to X ha, standing approx. at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Green Bean Exports

Exports in ASEAN

After two years of growth, overseas shipments of green beans decreased by X% to X tons in 2023. In general, exports saw a slight setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, green bean exports contracted markedly to $X in 2023. Overall, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Malaysia (X tons) was the main exporter of green beans, creating X% of total exports. It was distantly followed by Myanmar (X tons), Indonesia (X tons) and Thailand (X tons), together mixing up a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to green bean exports from Malaysia stood at X%. At the same time, Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) and Myanmar (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Indonesia (X p.p.) and Myanmar (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X), Indonesia ($X) and Myanmar ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Thailand and Singapore lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Green Bean Imports

Imports in ASEAN

In 2023, overseas purchases of green beans were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, green bean imports declined rapidly to $X in 2023. In general, imports, however, continue to indicate a slight slump. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Singapore was the major importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Malaysia (X tons), making up a X% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of green beans. At the same time, Malaysia (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia (X p.p.) and Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported green beans in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

In Singapore, green bean imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then dropped rapidly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform