Asia: Green Bean Market 2024

Green Bean Market Size in Asia

The Asian green bean market amounted to $X in 2023, picking up by 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Green Bean Production in Asia

In value terms, green bean production expanded to $X in 2023 estimated in export price. Overall, production recorded prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of green bean production was China (X tons), comprising approx. X% of total volume. Moreover, green bean production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tons), more than tenfold. India (X tons) ranked third in terms of total production with a X% share.

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

In 2023, the average yield of green beans in Asia amounted to X tons per ha, stabilizing at the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2023, the growth of the green bean yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the green bean harvested area in Asia reduced to X ha, approximately mirroring the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to green bean production reached the maximum at X ha in 2019; afterwards, it flattened through to 2023.

Green Bean Exports

Exports in Asia

In 2023, overseas shipments of green beans decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, saw strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, green bean exports fell slightly to $X in 2023. In general, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped slightly in the following year.

Exports by Country

China was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Malaysia (X tons), constituting a X% share of total exports. Iran (X tons), Oman (X tons), Myanmar (X tons), Turkey (X tons) and Indonesia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the green beans exports, with a CAGR of X% from 2012 to 2023. At the same time, Iran (X%), Turkey (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Indonesia (X%), Oman (X%) and Myanmar (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Malaysia, Oman and Myanmar saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest green bean supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Green Bean Imports

Imports in Asia

In 2023, overseas purchases of green beans decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, green bean imports declined to $X in 2023. In general, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Singapore represented the largest importer of green beans in Asia, with the volume of imports recording X tons, which was near X% of total imports in 2023. Malaysia (X tons) took the second position in the ranking, followed by Iraq (X tons), the United Arab Emirates (X tons) and Qatar (X tons). All these countries together held near X% share of total imports. Macao SAR (X tons), Bahrain (X tons), India (X tons), Kuwait (X tons), Georgia (X tons), Japan (X tons) and 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, Macao SAR (X%), Iraq (X%), Malaysia (X%), Brunei Darussalam (X%), Georgia (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, Bahrain (X%), the United Arab Emirates (X%), Qatar (X%), Japan (X%) and India (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), Singapore (X p.p.), Iraq (X p.p.) and Macao SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar, Japan and India saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported green beans in Asia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

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: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Georgia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform