HS Code:
The 'Other beans of the genus Vigna' category (HS Code: 071339) includes various types of beans under the Vigna genus, excluding certain well-known species like mung beans or black gram. These beans are primarily used for human consumption, either dried or processed, and are a staple in many diets worldwide, particularly in Africa, Asia, and Latin America. They are valued for their high nutritional content, including protein and fiber, and are often cultivated in tropical and subtropical regions.
Total Trade Volume
1.2 million metric tons
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
350,000 metric tons
29.2% of total trade of total trade
Increasing
250,000 metric tons
20.8% of total trade of total trade
Stable
180,000 metric tons
15.0% of total trade of total trade
Increasing
120,000 metric tons
10.0% of total trade of total trade
Stable
90,000 metric tons
7.5% of total trade of total trade
Decreasing
Average Rate
8.5%
Highest Rate
35% (applied by certain South Asian countries to protect domestic agriculture)
Lowest Rate
0% (under free trade agreements like ASEAN or African Continental Free Trade Area)
Rising demand for plant-based proteins
Increased exports to developed markets in North America and Europe as consumers shift towards vegan and vegetarian diets.
2021-2022
Climate change impacting yields
Erratic weather patterns in key producing regions like Sub-Saharan Africa have led to supply shortages and price volatility.
2020-2022
Growth in organic bean markets
Higher premiums for certified organic Vigna beans, driving smallholder farmers to adopt organic farming practices.
2019-2022
ASEAN countries reduced tariffs on Vigna beans to promote intra-regional trade, benefiting exporters like Myanmar and importers like Malaysia.
March 2023
Expected to increase trade volume by 10-15% within the region over the next two years.
Severe drought conditions in Tanzania and Kenya have reduced Vigna bean production, leading to a supply crunch in global markets.
July 2022
Prices surged by 20% in the second half of 2022, affecting importers in South Asia.
The European Union introduced stricter sustainability and traceability requirements for imported legumes, including Vigna beans.
January 2023
Smaller exporters may face challenges in compliance, potentially reducing their market share in Europe.