GCC: Green Bean Market 2024

Green Bean Market Size in GCC

The GCC green bean market reduced to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated strong growth from 2012 to 2023: its value 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. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Green Bean Production in GCC

In value terms, green bean production declined to $X in 2023 estimated in export price. The total production indicated a noticeable 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, production increased by X% against 2021 indices. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Saudi Arabia (X tons), Oman (X tons) and Kuwait (X tons), together comprising X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average green bean yield skyrocketed to X tons per ha in 2023, growing by X% compared with 2022 figures. Over the period under review, the yield, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021; however, from 2022 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, approx. X ha of green beans were harvested in GCC; which is down by X% compared with the previous year. In general, the harvested area, however, saw a significant expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then contracted significantly in the following year.

Green Bean Exports

Exports in GCC

In 2023, approx. X tons of green beans were exported in GCC; with an increase of X% against the previous year's figure. Overall, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, green bean exports rose notably to $X in 2023. Over the period under review, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Oman was the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Saudi Arabia (X tons), committing a X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the green beans exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) remains the largest green bean supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Oman amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a 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 the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Green Bean Imports

Imports in GCC

In 2023, supplies from abroad of green beans decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 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 saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) and Qatar (X tons) represented the key importers of green beans in GCC, together amounting to approx. X% of total imports. Bahrain (X tons) ranks next in terms of the total imports with a X% share, followed by Kuwait (X%). Oman (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest green bean importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X), together accounting for X% of total imports.

Among the main importing countries, Qatar, with a CAGR of X%, saw 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

The import price in GCC stood at $X per ton in 2023, with an increase of X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price 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, green bean import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in years to come.

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 Kuwait ($X per ton), while Oman ($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