Japan: Dry Bean Market 2024

Dry Bean Market Size in Japan

The Japanese dry bean market declined slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Dry Bean Production in Japan

In value terms, dry bean production reduced to $X in 2023 estimated in export price. Overall, production, however, showed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Dry bean production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

In 2023, the average yield of beans (dry) in Japan fell slightly to X tons per ha, waning by X% against 2022. In general, the yield continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the average dry bean yield reached the peak level at X tons per ha in 2015; however, from 2016 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.

The dry bean harvested area in Japan expanded modestly to X ha in 2023, surging by X% on 2022. Over the period under review, the harvested area, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The dry bean harvested area peaked at X ha in 2013; however, from 2014 to 2023, the harvested area failed to regain momentum.

Dry Bean Exports

Exports from Japan

After three years of decline, overseas shipments of beans (dry) increased by X% to X tons in 2023. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, dry bean exports surged to $X in 2023. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for dry bean exports from Japan, accounting for a X% share of total exports. Moreover, dry bean exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Kuwait (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Kuwait (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for beans (dry) exports from Japan, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average dry bean export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Japan

Dry bean imports into Japan dropped modestly to X tons in 2023, which is down by X% on 2022. Overall, imports recorded a mild slump. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, dry bean imports contracted slightly to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

China (X tons), Myanmar (X tons) and Canada (X tons) were the main suppliers of dry bean imports to Japan, with a combined X% share of total imports. The United States, Uzbekistan and Argentina lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) constituted the largest supplier of beans (dry) to Japan, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Myanmar (X% per year).

Import Prices by Country

The average dry bean import price stood at $X per ton in 2023, leveling off at the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2022, and then declined 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 China ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform