Dried shelled broad and horse beans market in Eastern Asia

Earlier Report Observations

The market for dried shelled broad beans and horse beans in Eastern Asia declined from 1 807 thousand tons in 2018 to 1 707 thousand tons in 2019. This contraction coincided with the U.S.-China trade friction, which disrupted soybean import flows and created uncertainty in the broader legume market. A concurrent global soybean production shortfall in 2019 further tightened raw material availability.

Market volume stabilized in 2020 and then entered a period of gradual expansion, reaching 1 769 thousand tons by 2023. The recovery was initially supported by a easing of trade tensions, which allowed import patterns to normalize. Subsequent growth was driven by a shift in consumer dietary preferences, increasing demand for legumes for direct human consumption. This trend was reinforced by record-high domestic soybean production in China in 2022, which bolstered overall supply. Industry research in 2023 also highlighted growing market potential and improving conditions for sector development.

Production dried shelled broad and horse beans in Eastern 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

Eastern Asia's production of dried shelled broad and horse beans has declined for the second year in a row. In 2020, the region produced 1 712 thousand tons, showing little change from the previous year. Looking at the period from 2017 to 2020, production fell by 5%, which translates to an average annual decrease of 1.7%. The highest production level was recorded in 2018 at 1 806 thousand tons. The most significant drop occurred in 2019, with a 5.0% decline, while the largest increase was a modest 0.2% in 2018.

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

In value, 2017-2020, M $ US

Following two years of decline, the value of dried shelled broad and horse beans production in Eastern Asia rebounded. In 2020, output was valued at 2 788 million US dollars, marking a substantial increase of 17.3% compared to 2019. Over the 2017-2020 period, however, production value decreased by 23.1%, with a compound annual growth rate of -8.4%. The lowest value was recorded in 2019 at 2 376 million US dollars, which also saw the largest decline of 19.2%.

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

Exports dried shelled broad and horse beans from Eastern Asia

Exports in kind, t

Export volumes of dried shelled broad and horse beans from Eastern Asia showed considerable volatility during the observed period. In 2020, the region exported 10 359 tons, representing a sharp decrease of 35.0% from 2019. The lowest export volume was recorded in 2018 at 6 461 tons, while the peak occurred in 2019 with 15 936 tons, creating a 2.5-fold difference between these years. The most significant decline was 43.2% in 2018, and the largest increase was 146.7% in 2019.

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

From 2017 to 2020, exports of dried shelled broad and horse beans from Eastern Asia were not heavily concentrated among a few key destinations. The top three markets—Thailand (25.0% of exports), Mexico (10.5%), and Vietnam (9.3%)—together accounted for 44.8% of total flows, indicating a relatively diversified export structure.

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

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

Exports in value, K $ US

After two years of growth, the value of dried shelled broad and horse beans exports from Eastern Asia declined. In 2020, exports totaled 9 827 thousand US dollars, which is 31.1% lower than in 2019. Over the 2017-2020 period, export value increased by 4.2%, with a compound annual growth rate of 1.4%. The highest value was recorded in 2019 at 14 269 thousand US dollars, which also saw the largest increase of 36.4%.

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

Between 2017 and 2020, the distribution of export value for dried shelled broad and horse beans from Eastern Asia remained scattered across multiple partners. Thailand (21.5% of exports), Mexico (10.4%), and Vietnam (5.0%) together represented just 36.8% of total flows, with no single country emerging as clearly dominant.

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

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

Imports dried shelled broad and horse beans to Eastern Asia

Imports in kind, t

In 2020, Eastern Asia imported 6 287 tons of dried shelled broad and horse beans, a decrease of 15.5% compared to 2019. Over the 2017-2020 period, imports fell by 26.1%, equivalent to an average annual decline of 9.6%. The largest drop occurred in 2018 with an 18.6% decrease, while the most significant increase was 7.5% in 2019.

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

From 2017 to 2020, the partner structure for imports of dried shelled broad and horse beans in Eastern Asia was balanced rather than concentrated. Australia (19.8% of imports), Canada (5.4%), and the United States (2.8%) jointly accounted for 28.0% of total flows, with many other countries making up the remaining 72.0%.

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

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

Imports in value, K $ US

In 2020, Eastern Asia imported dried shelled broad and horse beans valued at 7 982 thousand US dollars, which is 28.3% less than in 2019. Over the 2017-2020 period, import value decreased by 21.8%, translating to an average annual decline of 7.9%. The highest value was recorded in 2019 at 7 982 thousand US dollars, which also saw the largest increase of 18.2%.

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

The partner structure for import value of dried shelled broad and horse beans in Eastern Asia remained fragmented from 2017 to 2020. Australia (11.8% of imports), the United States (9.9%), and Canada (1.7%) together represented only 23.4% of total flows, with no single country holding a dominant share.

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

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