Legume bran, sharps and residues market in Eastern Asia

Earlier Report Observations

Between 2018 and 2020, the market for legume bran and residues in Eastern Asia expanded significantly in volume, driven by policy support and industrial investment. Initial growth was supported by strengthened government policies promoting agricultural waste utilization and increased investment from state-owned companies into processing副产品, which extended the value chain. In 2019, the expansion of major production facilities and new labeling regulations for agricultural by-products contributed to a volume increase to 79 042 т. The market then surged in 2020 to 102 308 т, a 29% rise, largely due to the emergence of new high-protein feed segments using legume by-products and technical upgrades at state-owned enterprises that improved product quality and stimulated demand.

From 2021 to 2023, the market experienced shifts in volume while its value continued to climb. In 2021, subsidy policies for waste utilization and growing consumer preference for organic and natural by-products helped maintain market value at over 52 млн долл. despite a 5.5% volume dip. By 2022, the closure of outdated capacities by large state-owned firms and adjustments in international trade policy led to a stabilization of market volume around 94 650 т, while stricter quality traceability and labeling rules supported a 9% value increase. The market rebounded strongly in 2023, reaching 118 560 т in volume and 67 млн долл. in value, marking a 25% volumetric growth from the previous year.

Production legume bran, sharps and residues in Eastern Asia

In kind, 2017-2020, t

Top producers of legume bran, sharps and residues, 2017-2020

World map of production of legume bran, sharps and residues, 2017-2020

In Eastern Asia, production of legume bran, sharps and residues reached 67 982 tonnes in 2020, marking a 26.4% increase from 2019. Over the period from 2017 to 2020, production grew by 54.8%, which translates to an annualized growth rate of 15.7%. The largest decline occurred in 2019, with a drop of 4.5%, while the most significant increase was recorded in 2018 at 28.2%.

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

In value, 2017-2020, K $ US

The output value of legume bran, sharps and residues in Eastern Asia was 40 598 thousand US dollars in 2020, showing a sharp increase of 45.7% compared to the previous year. From 2017 to 2020, production value rose by 59.2%, with a compound annual growth rate of 16.8%. The largest decline was observed in 2019, at 11.9%.

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

Exports legume bran, sharps and residues from Eastern Asia

Exports in kind, t

Export volumes of legume bran, sharps and residues from Eastern Asia declined for the second consecutive year. In 2020, exports totaled 9 513 tonnes, representing a 23.4% decrease from 2019. Between 2017 and 2020, exports fell by 18.9%, equating to an annualized decline of 6.8%. The highest export volume was recorded in 2018 at 14 142 tonnes, which also saw the largest increase of 20.5%.

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

From 2017 to 2020, the export partner portfolio for legume bran, sharps and residues from Eastern Asia was quite diverse. Asia, not elsewhere specified, accounted for 8.0% of exports in kind, while Russia and Malaysia each contributed 0.8%. Together, these three destinations represented only 9.7% of total export flows.

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

Exports of legume bran, sharps and residues from Eastern Asia declined for the second year in a row. In 2020, export value stood at 5 681 thousand US dollars, reflecting a significant drop of 11.7% compared to the previous year. Over the 2017-2020 period, exports decreased by 16.6%, with an annualized rate of 5.9%. The peak value was recorded in 2018 at 7 946 thousand US dollars, which also saw the largest increase of 16.6%. The most substantial decline occurred in 2019, at 19.1%.

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

Between 2017 and 2020, legume bran, sharps and residues from Eastern Asia were traded with numerous countries. Even the largest destinations—Asia, not elsewhere specified, Malaysia, and Russia—collectively accounted for only 12.1% 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 legume bran, sharps and residues to Eastern Asia

Imports in kind, t

Imports of legume bran, sharps and residues into Eastern Asia increased for the second consecutive year. In 2020, imports reached approximately 43 838 tonnes, up by 16.4% from the previous year. From 2017 to 2020, imports grew by 15.7%, equating to an annualized rate of 5.0%. The lowest import volume was recorded in 2018 at 34 942 tonnes, which also experienced the largest decline of 7.8%.

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

During 2017-2020, imports in kind of legume bran, sharps and residues to Eastern Asia were not highly concentrated. Asia, not elsewhere specified, accounted for 18.6% of imports, the United States for 13.1%, and Vietnam for 10.8%. Together, these three sources captured only 42.6% of total import flows.

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

Following a two-year decline, imports of legume bran, sharps and residues into Eastern Asia increased. In 2020, import value amounted to 15 263 thousand US dollars, indicating a strong year-over-year improvement of 18.6%. Over the 2017-2020 period, imports rose by 12%, with a compound annual growth rate of 3.8%. The lowest value was recorded in 2019 at 12 870 thousand US dollars, which also saw the largest decline of 3.8%.

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

From 2017 to 2020, legume bran, sharps and residues were supplied to Eastern Asia from many different markets. Even the largest sources—Asia, not elsewhere specified, the United States, and Vietnam—together represented only 31.2% of total import value.

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

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