Dried shelled broad and horse beans market in Asia

Earlier Report Observations

From 2018 to 2023, the Asian market for dried shelled broad and horse beans showed moderate fluctuations. Market volume declined from 1 989 thousand tons in 2018 to 1 933 thousand tons in 2019 and further to 1 906 thousand tons in 2020, before recovering to 1 941 thousand tons in 2021, 1 969 thousand tons in 2022, and 1 979 thousand tons in 2023.

The initial market contraction coincided with a drop in domestic production from 1 899 thousand tons in 2018 to 1 797 thousand tons in 2020, despite an increase in imports from 99 thousand tons to 126 thousand tons over the same period. The subsequent recovery was supported by a rebound in production to 1 845 thousand tons by 2023 and sustained import levels ranging from 136 to 167 thousand tons.

Production dried shelled broad and horse beans in Asia

In kind, 2017-2020, K t

Top producers of dried shelled broad and horse beans, 2017-2020

World map of production of dried shelled broad and horse beans, 2017-2020

Asia's production of dried shelled broad and horse beans has declined for the second year in a row. In 2020, the region produced 1 797 thousand tonnes, showing little change from 2019. Looking at the period from 2017 to 2020, overall production fell by 5.3%, with an average annual decline of 1.8%. The highest output was recorded in 2018 at 1 899 thousand tonnes, while the largest drop occurred in 2019 with a 5.3% decrease. The smallest increase was seen in 2018 at just 0.1%.

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

Exports dried shelled broad and horse beans from Asia

Exports in kind, K t

The export market for dried shelled broad and horse beans from Asia showed significant volatility during this period. Exports peaked in 2017 and hit their lowest point in 2018, with a 2.9-fold difference between these years. In 2020, exports stood at 16.8 thousand tonnes, marking a 6.3% decrease from the previous year. The minimum volume was recorded in 2018 at 9.5 thousand tonnes, which saw the largest decline of 65.8%. The biggest increase occurred in 2019 with an 89.6% rise.

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

From 2017 to 2020, the top buyers of dried shelled broad and horse beans from Asia were Egypt (5.8% of exports in kind), Mexico (4.8%), and Sudan (3.0%). However, together they accounted for only 13.6% of total exports, indicating a highly diversified market structure with many other countries involved.

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

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

Exports in value, K $ US

In 2020, the value of dried shelled broad and horse beans exports from Asia totaled 18 993 thousand US dollars, down 8.5% from the previous year. Over the 2017-2020 period, export value decreased by 12.8%, equivalent to an average annual decline of 4.5%. The lowest value was recorded in 2018 at 17 021 thousand US dollars, which saw the largest drop of 21.8%. The biggest increase occurred in 2019 with a 21.9% rise.

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

Between 2017 and 2020, the export market in value terms was highly diverse. Mexico (5.8% of exports in value), Egypt (2.5%), and Sudan (2.1%) together accounted for just 10.4% of total flows, while the remaining 89.6% went to numerous other countries, reflecting a broad partner landscape.

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

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

Imports dried shelled broad and horse beans to Asia

Imports in kind, K t

In 2020, Asia's imports of dried shelled broad and horse beans reached 125.7 thousand tonnes, a 17.3% decrease from 2019. Over the 2017-2020 period, import volume fell by 10.2%, with an average annual decline of 3.5%. The lowest volume was recorded in 2018 at 99.3 thousand tonnes, while the highest was in 2019 at 151.9 thousand tonnes. The largest drop occurred in 2018 with a 29.1% decrease, and the biggest increase was in 2019 with a 52.9% rise.

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

From 2017 to 2020, the main sources for Asia's imports of dried shelled broad and horse beans in kind were Australia (68.8% of imports), Egypt (7.6%), and the United Kingdom (3.9%). Together, these three countries accounted for 80.2% of total import flows.

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

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

Imports in value, K $ US

In 2020, the value of dried shelled broad and horse beans imports into Asia was 90 513 thousand US dollars, down 8.8% from the previous year. Over the 2017-2020 period, import value increased by 19.9%, with an average annual growth rate of 6.2%. The lowest value was recorded in 2018 at 64 182 thousand US dollars, while the highest was in 2019 at 99 248 thousand US dollars. The largest decline occurred in 2018 with a 15.0% drop, and the biggest increase was in 2019 with a 54.6% rise.

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

Throughout 2017-2020, Australia (62.6% of imports in value), Egypt (7.6%), and the United Kingdom (3.3%) were the leading sources for Asia's imports of dried shelled broad and horse beans in value terms. Together, they accounted for 73.4% of total import flows.

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

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