New Zealand - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in New Zealand - 2023
Contents:
- Dry Bean Price in New Zealand (CIF) - 2023
- Dry Bean Price in New Zealand (FOB) - 2022
- Dry Bean Imports in New Zealand
- Dry Bean Exports in New Zealand
Dry Bean Price in New Zealand (CIF) - 2023
The average dry bean import price stood at $1,510 per ton in August 2023, declining by -8.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 14% against the previous month. Over the period under review, average import prices hit record highs at $1,681 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($2,094 per ton), while the price for Myanmar ($1,221 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Bean Price in New Zealand (FOB) - 2022
The average dry bean export price stood at $6,136 per ton in 2022, waning by -33.8% against the previous year. Overall, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 39%. The export price peaked at $10,206 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($11,197 per ton), while the average price for exports to Canada ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Bean Imports in New Zealand
In 2022, overseas purchases of beans (dry) decreased by -2.1% to 6.8K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of 8.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, dry bean imports soared to $9.4M in 2022. The total import value increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Dry Bean in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.0 | 7.6 | 6.2 | 7.0 | 11.9% |
| United States | 0.4 | 0.2 | 0.5 | 0.9 | 31.0% |
| China | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Australia | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Argentina | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Myanmar | 0.3 | 0.4 | 0.2 | 0.1 | -30.7% |
| Others | 0.3 | 0.5 | 0.3 | 0.3 | 0.0% |
| Total | 6.6 | 9.4 | 8.1 | 9.4 | 12.5% |
Top Suppliers of Dry Bean to New Zealand in 2022:
- Canada (5348.7 tons)
- United States (525.3 tons)
- Australia (288.9 tons)
- Argentina (239.6 tons)
- China (192.3 tons)
- Myanmar (48.0 tons)
Dry Bean Exports in New Zealand
In 2022, approx. 71 tons of beans (dry) were exported from New Zealand; remaining relatively unchanged against 2021. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, the exports reached the peak of 76 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, dry bean exports declined remarkably to $434K in 2022. Overall, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 58%. As a result, the exports attained the peak of $772K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Dry Bean in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 224 | 533 | 369 | 220 | -0.6% |
| Norway | 114 | 153 | 167 | 96.5 | -5.4% |
| Canada | N/A | N/A | 8.3 | 48.0 | 478.3% |
| Germany | 16.7 | 39.9 | 42.1 | 43.7 | 37.8% |
| Australia | 119 | 36.6 | 53.0 | 14.8 | -50.1% |
| Solomon Islands | 3.8 | 1.5 | 5.6 | 5.7 | 14.5% |
| India | 8.7 | N/A | N/A | 0.2 | -71.6% |
| Others | 3.6 | 8.0 | 6.8 | 5.2 | 13.0% |
| Total | 489 | 772 | 652 | 434 | -3.9% |
Top Export Markets for Dry Bean from New Zealand in 2022:
- Canada (24.0 tons)
- United States (23.1 tons)
- Norway (13.2 tons)
- Germany (5.0 tons)
- Solomon Islands (2.3 tons)
- Australia (1.3 tons)
- India (0.1 tons)
This report provides an in-depth analysis of the dry bean market in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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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