Indonesia - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in Indonesia - 2022
Contents:
- Dry Bean Price in Indonesia (CIF) - 2022
- Dry Bean Price in Indonesia (FOB) - 2022
- Dry Bean Imports in Indonesia
- Dry Bean Exports in Indonesia
Dry Bean Price in Indonesia (CIF) - 2022
In March 2022, the average dry bean import price amounted to $1,123 per ton, declining by -5.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 6% m-o-m. Over the period under review, average import prices hit record highs at $1,235 per ton in March 2021; however, from April 2021 to March 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Ethiopia ($1,838 per ton), while the price for Myanmar ($971 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Dry Bean Price in Indonesia (FOB) - 2022
In March 2022, the average dry bean export price amounted to $1,412 per ton, surging by 2.6% against the previous month. Overall, export price indicated a mild increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, dry bean export price increased by +11.6% against December 2021 indices. The pace of growth was the most pronounced in May 2021 an increase of 137% month-to-month. Over the period under review, the average export prices reached the maximum in March 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($1,440 per ton), while the average price for exports to Timor-Leste amounted to $320 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Bean Imports in Indonesia
After three years of growth, overseas purchases of beans (dry) decreased by -14.6% to 101K tons in 2022. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year.
In value terms, dry bean imports contracted markedly to $106M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $137M, and then declined significantly in the following year.
| Import of Dry Bean in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 37.5 | 64.3 | 89.5 | 61.5 | 17.9% |
| Ethiopia | 29.8 | 27.2 | 26.8 | 16.6 | -17.7% |
| China | 1.7 | 0.2 | 2.5 | 9.1 | 74.9% |
| Thailand | 0.5 | 0.2 | 1.8 | 5.9 | 127.7% |
| Australia | 3.4 | 6.3 | 10.0 | 4.9 | 13.0% |
| Venezuela | 1.0 | 1.2 | 2.4 | 3.7 | 54.7% |
| Malaysia | 0.2 | 0.1 | N/A | 2.3 | 125.7% |
| Others | 3.0 | 3.3 | 4.2 | 2.5 | -5.9% |
| Total | 77.1 | 103 | 137 | 106 | 11.2% |
Top Suppliers of Dry Bean to Indonesia in 2022:
- Myanmar (63.6K tons)
- Ethiopia (9.6K tons)
- China (8.4K tons)
- Thailand (5.6K tons)
- Australia (4.6K tons)
- Venezuela (4.4K tons)
- Malaysia (2.4K tons)
Dry Bean Exports in Indonesia
In 2022, overseas shipments of beans (dry) decreased by -42.4% to 18K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of 49K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, dry bean exports contracted notably to $25M in 2022. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. As a result, the exports attained the peak of $52M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Dry Bean in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.5 | 26.4 | 18.2 | 12.3 | -11.1% |
| Taiwan (Chinese) | 5.5 | 7.4 | 9.2 | 7.2 | 9.4% |
| Philippines | 11.8 | 16.9 | 13.8 | 5.2 | -23.9% |
| Timor-Leste | N/A | N/A | 0.4 | 0.1 | -75.0% |
| Others | 1.3 | 1.0 | N/A | 0.1 | -57.5% |
| Total | 36.2 | 51.7 | 41.7 | 24.9 | -11.7% |
Top Export Markets for Dry Bean from Indonesia in 2022:
- China (9.2K tons)
- Taiwan (Chinese) (5.0K tons)
- Philippines (3.8K tons)
- Timor-Leste (0.3K tons)
This report provides an in-depth analysis of the dry bean market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 176 - Beans, dry
- FCL 203 - Bambara beans
- FCL 195 - Cow peas, dry
Country coverage:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global market for dry beans has seen significant growth over the years, with several countries emerging as key importers. In this article, we will explore the top five import markets for dry beans, providing key statistics and insights into their import values. The data used in this article is sourced from the IndexBox market intelligence platform. India tops the list of the world's best import markets for dry beans. China comes in a close second. The United States holds the third position. Pakistan ranks fourth. Japan is another important importer. These countries rely on imports to meet their domestic demand for dry beans, driven by factors such as population growth, changing dietary preferences, and limited domestic production. The data used in this article was sourced from the IndexBox market intelligence platform, a reliable source for market statistics and insights.
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