Flour or powder of dried legumes market in Eastern Asia

Earlier Report Observations

The market volume for flour and powder of dried legumes in Eastern Asia experienced significant fluctuations between 2018 and 2023. Starting at 220.6 thousand tons in 2018, it declined to 200.4 thousand tons in 2019 before jumping to 239.9 thousand tons in 2020. A two-year contraction followed, bringing the market down to 172.2 thousand tons in 2022, after which it rebounded strongly to 231.3 thousand tons in 2023.

The notable market expansion in 2023 was facilitated by regulatory standardization and supply-side improvements. The implementation of a national health food ingredient standard for soy protein isolate, effective from October 2023, clarified market access and safety requirements for protein-based products. Concurrently, government policies providing subsidies to soybean producers strengthened the domestic raw material supply chain, while consolidation in the flour milling sector, with leading players rapidly expanding their capacity, supported overall industry output.

Production flour or powder of dried legumes in Eastern Asia

In kind, 2017-2020, K t

Top producers of flour or powder of dried legumes, 2017-2020

World map of production of flour or powder of dried legumes, 2017-2020

In 2019, production of flour or powder of dried legumes in Eastern Asia declined by 4.5%. However, in 2020, output rebounded sharply to 237.8 thousand tons, marking a 26.4% increase compared to the previous year. Looking at the broader period from 2017 to 2020, production grew by 54.8%, with an average annual growth rate of 15.7%. The most significant increase occurred in 2018, when production rose by 28.2%.

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

In value, 2017-2020, M $ US

In 2019, the value of flour or powder of dried legumes production in Eastern Asia fell by 7.2%. In 2020, however, output value surged to 304.8 million US dollars, reflecting a steep year-over-year increase of 27.9%. Over the 2017-2020 period, production value increased by 50.5%, with a compound annual growth rate of 14.6%.

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

Exports flour or powder of dried legumes from Eastern Asia

Exports in kind, t

In 2019, exports of flour or powder of dried legumes from Eastern Asia reached their lowest point at 1 632 tons, declining by 17.1% from the previous year. In 2020, exports recovered slightly to 1 704 tons, showing a modest year-over-year uptick of 4.4%. The highest export volume was recorded in 2018 at 1 968 tons, which represented an 18.3% increase. Overall, from 2017 to 2020, exports grew by 2.4%, with an average annual growth rate of 0.8%.

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

From 2017 to 2020, Asia, not elsewhere specified, dominated exports in kind, accounting for 76.2% of total flows. Other markets collectively made up the remaining share.

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

In 2019, the value of flour or powder of dried legumes exports from Eastern Asia dropped to 2 068 thousand US dollars, a decline of 19.4%. In 2020, export value rose to 2 184 thousand US dollars, representing a 5.6% gain compared to the prior year. The peak value was recorded in 2018 at 2 566 thousand US dollars, which was a 17.0% increase.

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

Between 2017 and 2020, the primary buyers of flour or powder of dried legumes from Eastern Asia in value terms were Asia, not elsewhere specified (69.5% of exports), the United States (2.9%), and Canada (1.4%). Together, these markets accounted for 73.8% of total export value.

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 flour or powder of dried legumes to Eastern Asia

Imports in kind, t

Imports of flour or powder of dried legumes into Eastern Asia declined for the third consecutive year. In 2019, imports were at a higher level, but in 2020, they plummeted to 3 802 tons, a dramatic 72.6% decrease compared to the previous year. Over the 2017-2020 period, imports decreased by 92.7%, with an average annual decline of 58.2%.

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

From 2017 to 2020, the United States was the central partner for imports in kind, holding an 86.8% share of total flows. Other markets played a less significant role.

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

Deliveries of flour or powder of dried legumes to Eastern Asia fell for the third year in a row. In 2019, import value was higher, but in 2020, it dropped to 3 204 thousand US dollars, a sudden 50.5% reduction compared to the previous year. Between 2017 and 2020, imports decreased by 81.8%, equating to an annualized rate of decline of 43.3%.

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

During 2017-2020, the leading sources for imports in value terms were the United States (68.0% of imports), India (4.4%), and Canada (3.3%). These three destinations jointly accounted for 75.7% of total import flows.

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

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