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) soared to $X in 2023, jumping by X% against the previous year. The total consumption indicated tangible 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 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; afterwards, it flattened through to 2023.

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

In value terms, broad bean and horse bean production amounted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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

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

In 2023, the average broad bean and horse bean yield in Southern Asia stood at X kg per ha, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of yield peaked 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, the total area harvested in terms of broad beans and horse beans (dry) production in Southern Asia contracted slightly to X ha, standing approx. at 2022 figures. Over the period under review, the harvested area recorded a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to broad bean and horse bean production reached the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

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% on 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports surged to $X in 2023. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked 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 expanded 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, shrinking by X% against the previous year. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained 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

Broad bean and horse bean imports skyrocketed to X tons in 2023, growing by X% on the previous year's figure. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, broad bean and horse bean imports soared to $X in 2023. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of broad bean and horse bean imports in 2023 were India (X tons), together recording X% of total import.

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. 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) constitutes the largest market for imported broad beans and horse beans (dry) in Southern Asia.

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

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 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.

As there is only one major supplying country, 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.

Source: IndexBox Platform