What is the price of beans per kilogram/pound in Lao (Laos) today?
The retail price range for Lao (Laos) beans is between US$ 2.45 and US$ 6.85 per kilogram or between US$ 1.11 and US$ 3.10 per pound(lb). Click here to see today's exact prices of beans in Lao (Laos)
The retail price range in Lao kip for beans is between LAK 48,900.00 and LAK 136,920.00 per kilogram or between LAK 22,176.87 and LAK 62,095.24 per pound(lb) in Vientiane and Pakse (Pakxe).
Wholesale prices
In 2024, the approximate wholesale price range for Lao (Laos) beans is between US$ 1.71 and US$ 4.79 per kilogram or between US$ 0.78 and US$ 2.17 per pound(lb).
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Lao (Laos) Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Beans from Lao over the last five years has been relatively stable. In 2017, the price was 1.15 US$ per kg, followed by a slight decrease to 0.94 US$ per kg in 2018. In 2019, the price increased to 1.15 US$ per kg, and then rose again to 1.20 US$ per kg in 2020. This year, the price has dropped to 0.72 US$ per kg. Based on this trend, it is likely that the export price per kilogram of Beans from Lao will remain around 1.00 US$ per kg in 2023 and 2024.Lao (Laos) Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Beans into Lao (Laos) over the last five years has been relatively stable. In 2017, the price was $1.15, followed by a slight decrease to $0.94 in 2018. In 2019, the price rose again to $1.15, and then increased further to $1.20 in 2020. The most recent year, 2021, saw a significant drop to $0.72. Looking ahead, it is likely that the import price per kilogram of Beans into Lao (Laos) will remain relatively stable in the next two years. We predict that the price will remain at $0.72 in 2023, and then increase slightly to $0.75 in 2024.Export values for Lao (Laos) beans
The total values in export for beans in Lao (Laos) were US$ 308, US$ 1,839, US$ 1,114 and US$ 5,606 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Pulses/Legumes category in Lao (Laos): Peas, Chickpeas, Red (Adzuki) Beans, Kidney Beans, Bambara beans, Cow Peas (Black Eyed Peas), Lentils, Pigeon Peas, Locust Beans & Black beans.
See prices of beans in other countries across Asia: Kazakhstan beans, Kyrgyzstan beans, Tajikistan beans, Turkmenistan beans, Uzbekistan beans, China beans, Hong Kong beans, Macao beans, North Korea beans & Mongolia beans.
Lao (Laos) beans - Production, Exports, Imports, Seasons and HS Codes
In 2019 Lao (Laos) shipped 3,724 tonnes of beans. For the year 2019 alone, the demand for Lao (Laos) beans (pulses/legumes category) has escalated, flactuating by 215.059 pc compared to the year 2018. Between 2017 and 2019, beans' exports grew by 132.17 percent netting the exporter US$5.61m for the year 2019. Lao (Laos)'s beans exports are classified as:
- Unshelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200559)
- Dried, shelled beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", whether or not skinned or split (HS code 071331)
- Dried, shelled broad beans "Vicia faba var. major" and horse beans "Vicia faba var. equina and Vicia faba var. minor", whether or not skinned or split (HS code 071350)
- Shelled or unshelled beans "Vigna spp., Phaseolus spp.", uncooked or cooked by steaming or by boiling in water, frozen (HS code 071022)
- Dried, shelled beans "Vigna and Phaseolus", whether or not skinned or split (excluding beans of species "Vigna mungo [L.] Hepper or Vigna radiata [L.] Wilczek", small red "Adzuki" beans, kidney beans, Bambara beans and cow peas) (HS code 071339)
- Fresh or chilled beans "Vigna spp., Phaseolus spp.", shelled or unshelled (HS code 070820)
- Shelled beans "Vigna spp., Phaseolus spp.", prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200551)
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Lao (Laos) beans export values
In 2019, Lao (Laos) shipped beans valued at 5.61m USD, an increment of 403.59% from 2018's total beans export of 1.114m USD. The yearly change in value of Lao (Laos) beans between 2017 to 2018 was -39.424%.
The yearly variation in the quantity of Lao (Laos)'s beans exports between 2017 and 2019 was 132.17% compared to a variation of 215.059% in the period between 2018 and 2019.
Export markets for Lao (Laos) beans ( in '000$ )
Lao (Laos) procured 223 tonnes of beans in 2019.
Production
The production of beans in Lao (Laos) was 31,108 tonnes in 2019 and is estimated to change by an average of 6.44%. The country had approximately 18,907.00 hectares under beans cultivation.