Australia: Green Bean Market 2024

Green Bean Market Size in Australia

The Australian green bean market stood at $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Green Bean Production in Australia

In value terms, green bean production expanded sharply to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Green bean production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

The average yield of green beans in Australia fell to X tons per ha in 2023, waning by X% compared with 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 2013 with an increase of X%. Over the period under review, the average green bean yield hit record highs at X tons per ha in 2018; however, from 2019 to 2023, the yield stood at a somewhat 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 total area harvested in terms of green beans production in Australia expanded rapidly to X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2022 to 2023, the growth of the green bean harvested area remained at a somewhat lower figure.

Green Bean Exports

Exports from Australia

In 2023, green bean exports from Australia skyrocketed to X tons, picking up by X% against 2022 figures. In general, total exports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, green bean exports soared to $X in 2023. Over the period under review, total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for green bean exports from Australia, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to New Zealand totaled X%.

In value terms, New Zealand ($X) also remains the key foreign market for green beans exports from Australia.

From 2012 to 2023, the average annual growth rate of value to New Zealand stood at X%.

Export Prices by Country

In 2023, the average green bean export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then dropped markedly in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Green Bean Imports

Imports into Australia

In 2023, the amount of green beans imported into Australia fell dramatically to X tons, waning by X% compared with the previous year's figure. In general, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, green bean imports shrank remarkably to $X in 2023. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Canada (X tons), Myanmar (X tons) and Belgium (X tons) were the main suppliers of green bean imports to Australia, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Myanmar ($X) and Belgium ($X) appeared to be the largest green bean suppliers to Australia, with a combined X% share of total imports.

Among the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average green bean import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform