Southern Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Southern Asia

The South Asian market for broad beans and horse beans (dry) skyrocketed to $X in 2023, picking up by X% against the previous year. The total consumption indicated temperate 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Broad Beans And Horse Beans (Dry) in Southern Asia

In value terms, broad bean and horse bean production totaled $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

The country with the largest volume of broad bean and horse bean production was Nepal (X tons), accounting for X% of total volume.

In Nepal, broad bean and horse bean production remained relatively stable over the period from 2012-2023.

The average broad bean and horse bean yield was estimated at X kg per ha in 2023, stabilizing at the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the broad bean and horse bean yield reached the maximum level at X kg per ha in 2014; however, from 2015 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, approx. X ha of broad beans and horse beans (dry) were harvested in Southern Asia; flattening at 2022 figures. Overall, the harvested area continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Southern Asia

Broad bean and horse bean exports soared to X tons in 2023, rising by X% against the previous year. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2023. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of X% from 2012 to 2023. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest broad bean and horse bean supplier in Southern Asia.

In India, broad bean and horse bean exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a slight curtailment. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a lower figure.

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

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Southern Asia

In 2023, the amount of broad beans and horse beans (dry) imported in Southern Asia skyrocketed to X tons, surging by X% compared with the previous year. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, broad bean and horse bean imports soared to $X in 2023. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

India dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2023. Sri Lanka (X tons) took a minor share of total imports.

India was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of X% from 2012 to 2023. At the same time, Sri Lanka (X%) displayed positive paces of growth. From 2012 to 2023, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Source: IndexBox Platform