South-Eastern Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in South-Eastern Asia

In 2023, the Southeast Asian market for broad beans and horse beans (dry) decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated perceptible growth 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Production of Broad Beans And Horse Beans (Dry) in South-Eastern Asia

In value terms, broad bean and horse bean production stood at $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of broad bean and horse bean production was Myanmar (X tons), comprising approx. X% of total volume.

From 2012 to 2023, the average annual rate of growth in terms of volume in Myanmar stood at X%.

Exports of Broad Beans And Horse Beans (Dry)

Exports in South-Eastern Asia

In 2023, the amount of broad beans and horse beans (dry) exported in South-Eastern Asia surged to X tons, picking up by X% on the previous year's figure. Over the period under review, exports, however, recorded a slight curtailment. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports surged to $X in 2023. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Myanmar (X tons) represented the largest exporter of broad beans and horse beans (dry), constituting X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Myanmar ($X) emerged as the largest broad bean and horse bean supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

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

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in purchases abroad of broad beans and horse beans (dry), when their volume decreased by X% to X tons. Total imports indicated a notable expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, broad bean and horse bean imports shrank modestly to $X in 2023. Total imports indicated a temperate increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Indonesia (X tons) and Vietnam (X tons) were the largest importers of broad beans and horse beans (dry) in South-Eastern Asia, together constituting X% of total imports. Thailand (X tons) took the next position in the ranking, distantly followed by Malaysia (X tons). All these countries together held approx. X% share of total imports. The Philippines (X tons) held a little share of total imports.

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

In value terms, the largest broad bean and horse bean importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 South-Eastern Asia stood at $X per ton in 2023, approximately equating the previous year. In general, the import price, however, showed a mild descent. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform