In 2023, India's beans demand share stood at a commanding position, with notable annual growth of 1.55%. Meanwhile, Myanmar and Brazil experienced slight declines. Tanzania saw robust growth with a 3.05% increase, whereas China’s demand rose by 1.81%. Other countries like Kazakhstan showed strong gains, with a 6.13% rise. Despite small individual contributions, cumulative year-on-year changes indicated generally positive trends for many smaller markets, such as Latvia and Ireland.
Future trends to watch include potential growth in emerging markets like Kazakhstan and Latvia, suggesting opportunities for expansion. Monitoring India's sustained growth will be crucial for gauging global demand dynamics.
Top countries in Beans Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 24.96 | 2023 | +1.71% | +1.55% | View data |
| 2 | 2 Myanmar | 12.14 | 2023 | -0.99% | -0.95% | View data |
| 3 | 3 Brazil | 10.61 | 2023 | -0.44% | -0.44% | View data |
| 4 | 4 Mexico | 4.81 | 2023 | +0.75% | +0.5% | View data |
| 5 | 5 Tanzania | 3.78 | 2023 | +1.25% | +3.05% | View data |
| 6 | 6 United States | 3.52 | 2023 | +0.1% | +0.1% | View data |
| 7 | 7 Kenya | 3.04 | 2023 | +1.44% | +1.9% | View data |
| 8 | 8 Uganda | 2.51 | 2023 | -1.13% | -0.37% | View data |
| 9 | 9 China | 2.34 | 2023 | +2.03% | +1.81% | View data |
| 10 | 10 Kazakhstan | 2.01 | 2023 | +5.26% | +6.13% | View data |
