Dried shelled beans market in China

Earlier Report Observations

The dried shelled beans market in China expanded significantly from 2018 to 2022, with physical volume rising from 1 057 thousand tons to 1 950 thousand tons. This sustained growth was primarily driven by government policies supporting soybean cultivation and processing, which encouraged area expansion and yield improvements. Concurrently, the emergence of new product segments like plant-based protein drinks and snacks, alongside rising consumer health awareness, stimulated broader consumption.

By 2022, soybean planting area and harvest reached record levels, further boosting market supply. However, market volume adjusted downward to 1 800 thousand tons in 2023. This occurred within a context of continued high domestic production capacity, ongoing digital transformation in processing, and intensified market competition, which collectively shaped the market landscape after the prior period of rapid expansion.

Production dried shelled beans in China

In kind, 2017-2020, K t

From 2017 to 2020, China ranked seventh globally in the production of dried shelled beans.

Top producers of dried shelled beans, 2017-2020

World map of production of dried shelled beans, 2017-2020

In 2020, China produced 1 337 K t of dried shelled beans, showing minimal change from 2019. The lowest production level was recorded in 2019 at 1 335 K t, while the highest was in 2018 at 1 340 K t. The largest decline occurred in 2019 with a 0.3% drop, and the largest increase was in 2018 with a 0.2% rise.

Annual dynamics of production in China in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the output of dried shelled beans in China was valued at 1 876 M $ US, reflecting a gradual improvement of 6.3% compared to 2019. Over the period from 2017 to 2020, production increased by 6%, with a compound annual growth rate (CAGR) of 2.0%. The lowest value was recorded in 2019 at 1 764 M $ US, which saw the largest decline of 0.4%.

Annual dynamics of production in China in value, 2017-2020, M $ US

Exports dried shelled beans from China

Exports in kind, K t

Dried shelled bean exports from China declined for the third consecutive year. In 2020, exports were recorded at 303.9 K t, which is 13.5% lower than in 2019. From 2017 to 2020, exports decreased by 29%, with a compound annual growth rate (CAGR) of -10.8%.

Annual dynamics of product's exports from China in kind, 2017-2020, K t

The partner structure of exports in kind from 2017 to 2020 was fragmented, with Japan (16.6% of exports in kind), India (13.1% of exports in kind), and Vietnam (12.1% of exports in kind) together accounting for only 41.8% of total flows. No single country held a dominant share.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from China in kind, 2017-2020

Exports in value, M $ US

Cross-border shipments of dried shelled beans from China declined for the third consecutive year. In 2020, exports reached 426.4 M $ US, marking a modest decline of 8.2% compared to 2019. Between 2017 and 2020, exports decreased by 24.8%, equating to an annualized rate of -9.0%.

Annual dynamics of product's exports from China in value, 2017-2020, M $ US

From 2017 to 2020, the geographical structure of exports in value terms was highly diversified. Japan (20.3% of exports in value terms), Vietnam (18.1% of exports in value terms), and India (10.6% of exports in value terms) together accounted for only 49.1% of total flows, while the remaining 50.9% was distributed among numerous smaller partner countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from China in value, 2017-2020

Imports dried shelled beans to China

Imports in kind, K t

Imported dried shelled bean volumes in China increased for the third consecutive year. In 2020, import volume amounted to 224.7 K t, up by 66.4% year-over-year. Over the period from 2017 to 2020, imports increased by 350.9%, with a compound annual growth rate (CAGR) of 65.2%.

Annual dynamics of product's imports to China in kind, 2017-2020, K t

From 2017 to 2020, Myanmar (30.9% of imports in kind), Uzbekistan (20.3% of imports in kind), and Australia (16.3% of imports in kind) led the ranking of suppliers of dried shelled beans to China, with their combined share reaching 67.5% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to China in kind, 2017-2020

Imports in value, M $ US

The volume of dried shelled bean imports in China increased for the third consecutive year. In 2020, imports totalled 198.8 M $ US, reflecting a sharp gain of 89.2% compared to the previous year. Over the period from 2017 to 2020, imports increased by 389.5%, with a compound annual growth rate (CAGR) of 69.8%.

Annual dynamics of product's imports to China in value, 2017-2020, M $ US

In 2017 to 2020, Myanmar (29.3% of imports in value terms), Australia (18.6% of imports in value terms), and Uzbekistan (17.0% of imports in value terms) were the main markets for imports in value terms, together accounting for 64.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to China in value, 2017-2020