Dried shelled beans market in the Philippines

Earlier Report Observations

The dried shelled beans market in the Philippines showed considerable volume fluctuations between 2018 and 2023. Starting at 84.9 thousand tonnes in 2018, it fell sharply to 68.4 thousand tonnes in 2019. A recovery began in 2020, reaching 78.6 thousand tonnes by 2021, before dipping to 74.0 thousand tonnes in 2022 and rising again to 78.2 thousand tonnes in 2023.

Market growth in 2020 was aided by changes in distribution and consumer access during the COVID-19 pandemic, as the expansion of online ordering and direct farmer-to-consumer sales facilitated the movement of beans and other produce. Conversely, the market contraction in 2022 occurred alongside significant price volatility, including an 8.0% decline in producer prices for beans and legumes reported in the fourth quarter, which reflected weaker demand or oversupply pressures that reduced total market volume.

Production dried shelled beans in the Philippines

In kind, 2017-2020, t

Top producers of dried shelled beans, 2017-2020

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

In 2020, the Philippines produced 37,502 tons of dried shelled beans, representing a 2.1% increase compared to the previous year. Looking at the period from 2017 to 2020, production grew by 4.6%, which translates to an average annual growth rate of 1.5%. The most significant production decline occurred in 2019, with a drop of 1.2%, while the largest increase was recorded in 2018 at 3.7%.

Annual dynamics of production in the Philippines in kind, 2017-2020, t

Exports dried shelled beans from the Philippines

Exports in kind, t

Export volumes showed considerable fluctuations during this period. The lowest point was in 2018 at just 2 tons, while exports peaked in 2019 at 183 tons—a staggering 79-fold difference between these two years. In 2020, the Philippines exported 120 tons of dried shelled beans, marking a sharp decline of 34.4% from the previous year. The most dramatic decrease occurred in 2018 with an 89.2% drop, while the largest increase was recorded in 2019 at 7,768.6%.

Annual dynamics of product's exports from the Philippines in kind, 2017-2020, t

Between 2017 and 2020, India and the United States together accounted for 88.3% of the Philippines' total dried shelled bean exports by volume, with other countries making up a more diverse but smaller portion of the export market.

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

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

Exports in value, K $ US

Export values exhibited significant volatility during this period. The lowest value was recorded in 2018 at $5,000, while exports reached their peak in 2019 at $142,000—a 28-fold difference between these years. In 2020, the Philippines exported $97,000 worth of dried shelled beans, representing a 32.0% decrease from the previous year. The most substantial decline occurred in 2018 with a 92.7% drop, while the largest increase was recorded in 2019 at 2,681.5%.

Annual dynamics of product's exports from the Philippines in value, 2017-2020, K $ US

From 2017 to 2020, three key markets—India, Thailand, and the United States—collectively accounted for 93.7% of the total value of dried shelled bean exports from the Philippines.

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

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

Imports dried shelled beans to the Philippines

Imports in kind, t

In 2020, the Philippines imported 37,647 tons of dried shelled beans, representing an 18.1% increase compared to 2019. Looking at the broader period from 2017 to 2020, imports actually decreased by 18.4%, which equates to an average annual decline of 6.6%. The lowest import volume was recorded in 2019 at 31,880 tons, while imports peaked in 2018 at 47,764 tons. The most significant decline occurred in 2019 with a 33.3% drop.

Annual dynamics of product's imports to the Philippines in kind, 2017-2020, t

Between 2017 and 2020, Myanmar (33.0% of import volume), Indonesia (26.4%), and China (16.0%) were the primary sources for the Philippines' dried shelled bean imports, together accounting for 75.3% of total import volume during this period.

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

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

Imports in value, K $ US

The Philippines saw its third consecutive year of growth in dried shelled bean import values. In 2020, imports reached $44,955,000, representing a solid 12.7% increase compared to 2019. Over the broader period from 2017 to 2020, import values grew by 50.9%, which translates to an average annual growth rate of 14.7%.

Annual dynamics of product's imports to the Philippines in value, 2017-2020, K $ US

From 2017 to 2020, Myanmar (35.6% of import value), Indonesia (28.7%), and China (12.5%) remained the leading sources for the Philippines' dried shelled bean imports by value, together accounting for 76.8% of total import value during this period.

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

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