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IndexBox, Inc. has just published a new report “World – Beans (Green) – Market Analysis, Forecast, Size, Trends and Insights“. Here is a summary of the report’s key findings.

Green bean Imports

In 2017, the number of green beans imported worldwide stood at 572K tonnes, falling by -4.4% against the previous year figure. In general, green bean imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, an increase of 13% from the previous year level. In that year, green bean imports reached its maximum volume of 621K tonnes. From 2014 to 2017, the growth of green bean imports failed to regain its strength.

In value terms, green bean imports amounted to $1B in 2017. The total import value increased at an average annual rate of +2.3% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. Global import peaked of $1B in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Green bean Imports By Country

The imports of the eight major importers of beans (green), namely Spain, Belgium, the Netherlands, France, the U.S., the UK, Germany, and Canada, represented more than two-thirds of total import. The following importers – Italy (16K tonnes), and Singapore (11K tonnes) together made up 5% of total imports.

From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by the Netherlands (+4.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($175M), France ($149M), and the U.S. ($136M) were the countries with the highest levels of imports in 2017, with a combined 46% share of global imports.

The U.S. (+8.8% per year) experienced the highest rates of growth with regard to the imports, among the main importing countries, over the last 10 year period, while the other global leaders experienced more modest paces of growth.

Green bean Import Prices By Country

The average green bean import price stood at $1,752 per tonne in 2017, picking up by 6% against the previous year. Over the period from 2007 to 2017 it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2011 when the import price increased by 26% y-o-y. Global import price peaked in 2017 and is likely to see steady growth in the near future.

There were significant differences in the average import prices amongst major importing countries. In 2017, the country with the highest import price was the UK ($3,049 per tonne), while Belgium ($767 per tonne) was among the lowest.

From 2007 to 2017, the most notable growth rate of import prices was attained by Singapore (+5.9% per year), while the other global leaders experienced more modest paces of growth.

Description 

This report provides an in-depth analysis of the global green bean market. 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 2025.

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