Asia-Pacific: Green Bean Market 2024

Green Bean Market Size in Asia-Pacific

The Asia-Pacific green bean market totaled $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Green Bean Production in Asia-Pacific

In value terms, green bean production rose to $X in 2023 estimated in export price. In general, production recorded a prominent increase. The most prominent rate of growth was recorded 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.

In China, green bean production remained relatively stable over the period from 2012-2023. 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-Pacific amounted to X tons per ha, approximately mirroring the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. 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 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 green bean harvested area in Asia-Pacific reduced modestly to X ha, standing approx. at the year before. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2019; afterwards, it flattened through to 2023.

Green Bean Exports

Exports in Asia-Pacific

In 2023, shipments abroad of green beans decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked 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 modestly to $X in 2023. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced slightly in the following year.

Exports by Country

In 2023, China (X tons) was the largest exporter of green beans, comprising X% of total exports. It was distantly followed by Malaysia (X tons), mixing up a X% share of total exports. Myanmar (X tons), Australia (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, Australia (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Indonesia (X%) and Myanmar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points.

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

In China, green bean exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Australia (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted a strong increase. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: 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 China (X%), while the other leaders experienced more modest paces of growth.

Green Bean Imports

Imports in Asia-Pacific

In 2023, overseas purchases of green beans were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, green bean imports declined to $X in 2023. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Singapore was the largest importer of green beans in Asia-Pacific, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Malaysia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (X%), Macao SAR (X%) and India (X%). The following importers - Japan (X tons) and Brunei Darussalam (X tons) - each reached a X% share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of green beans. At the same time, Macao SAR (X%), Malaysia (X%), Brunei Darussalam (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Malaysia, Singapore, Macao SAR, New Zealand and Brunei Darussalam increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest green bean importing markets in Asia-Pacific were Singapore ($X), New Zealand ($X) and Malaysia ($X), with a combined X% share of total imports. Japan, India, Macao SAR and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a 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 New Zealand ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform