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

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

The East Asian market for broad beans and horse beans (dry) stood at $X in 2023, remaining constant against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, broad bean and horse bean production shrank modestly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

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

From 2012 to 2023, the average annual rate of growth in terms of volume in China was relatively modest.

In 2023, the average yield of broad beans and horse beans (dry) in Eastern Asia shrank to X tons per ha, remaining constant against 2022 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area was estimated at X ha in 2023, standing approx. at the year before. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Eastern Asia

In 2023, approx. X tons of broad beans and horse beans (dry) were exported in Eastern Asia; falling by X% compared with 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports fell significantly to $X in 2023. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

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

China 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In China, broad bean and horse bean exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Eastern Asia

In 2023, approx. X tons of broad beans and horse beans (dry) were imported in Eastern Asia; which is down by X% compared with the previous year's figure. Over the period under review, imports showed a perceptible descent. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, broad bean and horse bean imports declined to $X in 2023. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total imports in 2023. It was distantly followed by South Korea (X tons), mixing up a X% 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 South Korea (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform