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, after two years of growth, there was decline in the Southeast Asian market for broad beans and horse beans (dry), when its value decreased by X% to $X. The total consumption indicated notable 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 increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2022, and then reduced modestly 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 totaled $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a 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 growth rate of volume in Myanmar was relatively modest.

Exports of Broad Beans And Horse Beans (Dry)

Exports in South-Eastern Asia

In 2023, approx. X tons of broad beans and horse beans (dry) were exported in South-Eastern Asia; with an increase of X% against the previous year's figure. Overall, exports, however, saw a mild decrease. Over the period under review, the exports hit record highs 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 skyrocketed to $X in 2023. In general, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar was the key exporting country with an export of around X tons, which finished at 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 ($X) emerged as the largest broad bean and horse bean supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Myanmar stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, rising by 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-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 perceptible expansion from 2012 to 2023: its volume 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 growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then dropped in the following year.

In value terms, broad bean and horse bean imports contracted slightly to $X in 2023. Total imports indicated tangible 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached 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 main importers of broad beans and horse beans (dry) in South-Eastern Asia, together committing X% of total imports. Thailand (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw 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

In 2023, the import price in South-Eastern Asia amounted to $X per ton, approximately equating the previous year. In general, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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