Dried shelled beans market in India

Earlier Report Observations

Between 2018 and 2020, the dried shelled beans market in India saw its volume decrease from 8.5 million tons to 7.4 million tons before recovering to 7.7 million tons. Over the same period, the market's value increased from $8.3 billion to $9.0 billion, indicating a rise in average prices or a shift in the product mix.

Market volume grew to a peak of 9.3 million tons in 2022 before declining to 8.9 million tons in 2023, while the market value continued its ascent to surpass $10.1 billion. This resilience in value was supported by government export restrictions on key staples like wheat and rice, which helped channel trade activity toward processed food categories including dried beans, with the sector reporting a 13% year-on-year export increase.

Production dried shelled beans in India

In kind, 2017-2020, K t

India was one of the world's leading producers of dried shelled beans from 2017 to 2020, ranking first globally by production volume.

Top producers of dried shelled beans, 2017-2020

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

India's production of dried shelled beans increased after a two-year decline. In 2020, the country produced 7 225 thousand tonnes, marking a moderate 5.5% rise from 2019. However, over the entire 2017-2020 period, production fell by 9.2%, which translates to an average annual decrease of 3.2%. The lowest production level was recorded in 2019 at 6 848 thousand tonnes, with the largest year-on-year drop of 13.2% occurring that same year.

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

In value, 2017-2020, M $ US

India's production value of dried shelled beans rose after a two-year reduction. In 2020, the output was valued at 8 589 million US dollars, representing an 18.9% increase compared to the previous year. Despite this recent gain, production value declined by 13.3% overall from 2017 to 2020, averaging a 4.6% annual decrease. The lowest value was 7 224 million US dollars in 2019, while the sharpest decline of 19.8% took place in 2018.

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

Exports dried shelled beans from India

Exports in kind, K t

India's exports of dried shelled beans grew for the third consecutive year. In 2020, the country exported 49.8 thousand tonnes, a 51.9% increase from 2019. Over the 2017-2020 period, exports surged by 192.4%, with a compound annual growth rate of 43.0%.

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

From 2017 to 2020, India's exports of dried shelled beans were distributed across a diverse range of partner countries. The United States accounted for 25.6% of exports by volume, Nepal for 13.8%, and Canada for 9.2%, with these three countries together making up 48.6% of total export flows.

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

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

Exports in value, M $ US

India's export value of dried shelled beans increased for the third year in a row. In 2020, exports totaled 59.2 million US dollars, showing a 71.2% rise compared to the previous year. Between 2017 and 2020, export value grew by 179.3%, equating to an annualized rate of 40.8%.

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

From 2017 to 2020, the United States, Nepal, and Canada were the top destinations for India's dried shelled bean exports by value. The United States held 32.5% of export value, Nepal 9.5%, and Canada 9.3%, collectively accounting for 51.3% of total export flows.

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

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

Imports dried shelled beans to India

Imports in kind, K t

India's imports of dried shelled beans declined for the second consecutive year. In 2020, imports stood at 564.2 thousand tonnes, a 5.5% decrease from 2019. Over the 2017-2020 period, imports fell by 13.4%, with a compound annual decline of 4.7%. The highest import volume was recorded in 2018 at 665.6 thousand tonnes, while the largest drop of 10.3% occurred in 2019. Imports saw a modest increase of 2.2% in 2018.

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

From 2017 to 2020, Myanmar, Brazil, and China were the primary suppliers of dried shelled beans to India by volume. Myanmar accounted for 60.4% of imports, Brazil for 10.4%, and China for 7.7%, together making up 78.4% of total import flows.

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

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

Imports in value, M $ US

India's import value of dried shelled beans increased for the second consecutive year. In 2020, imports were valued at approximately 475.2 million US dollars, a strong 12.9% rise from the previous year. However, over the 2017-2020 period, import value decreased by 14.2%, with an annualized decline of 5.0%. The lowest value was 414.1 million US dollars in 2018, which also saw the sharpest drop of 25.2%.

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

From 2017 to 2020, Myanmar, China, and Brazil were the leading sources of India's dried shelled bean imports by value. Myanmar accounted for 58.0% of import value, China for 11.4%, and Brazil for 9.1%, with these three countries together representing 78.5% of total import flows.

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

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