Global Bean (Green) Market Outlook

IndexBox has just published a new report "World: Beans (Green) - Market Report. Analysis And Forecast To 2025" ( http://www.indexbox.co.uk/store/world-beans-green-market-report-analysis-and-forecast-to-2020?utm_source=opr ).

Global bean (green) production amounted to 22,103 thousand tonnes in 2015, rising by +1.8% against the previous year level. Overall, the global bean (green) output pursued a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total output figures increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2008, when the output figure increased by +5% from the previous year level. Over the period under review, the global bean (green) production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.

Over the analyzed period, an increase in global bean (green) production was primarily driven by popularity of healthy eating and growth of population. Furthermore, these key drivers are expected to continue promoting the bean (green) output in the immediate term. This general positive trend was largely conditioned by a measured expansion of the harvested area and solid gains of the yield figures.

The country with the largest volume of the bean (green) output in absolute volumes was China (17,327 thousand tonnes), accounting for 78% of global production. Moreover, bean (green) output in China exceeded the figures recorded by the world's second largest producer, Indonesia (854 thousand tonnes), more than tenfold. The third position in this ranking was occupied by Turkey with a share of 3%. From 2007 to 2015, an average annual growth rate of China's bean (green) producton stood at +3.2%. The remaining producing countries recorded the following average annual growth rates: Indonesia (-0.2% per year) and Turkey (+2.9% per year).

The world bean (green) harvested area amounted to 1,530 thousand ha in 2015, which was almost equal to the previous year figure. The harvested area indicated a slight increase over the period under review, representing a compound annual growth rate of +0.8% from 2007 to 2015. This trend pattern was relatively stable throughout the analyzed period. Over the period under review, the total bean (green) harvested area peaked in 2013, falling back in the following year.

The global average bean (green) yield amounted to 144 thousand hg/ha in 2015, rising by 1.6% from the previous year figure. The yield figures recorded an upward trend over the period under review, with a compound annual growth rate standing at +1.8% from 2007 to 2015. These yield figures maintained, all in all, a stable trend pattern throughout the analyzed period. The highest bean (green) yields were recorded in 2015. Albeit an intensification of modern agricultural technics use, the future yield figures subject to a substantional risk of adverse weather conditions.

Source: http://www.indexbox.co.uk/store/world-beans-green-market-report-analysis-and-forecast-to-2020?utm_source=opr

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This release was published on openPR.