CIS: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in CIS

The CIS market for broad beans and horse beans (dry) was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Production of Broad Beans And Horse Beans (Dry) in CIS

In value terms, broad bean and horse bean production fell to $X in 2023 estimated in export price. Over the period under review, production saw a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Uzbekistan (X tons) remains the largest broad bean and horse bean producing country in the CIS, comprising approx. X% of total volume. Moreover, broad bean and horse bean production in Uzbekistan exceeded the figures recorded by the second-largest producer, Russia (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume in Uzbekistan amounted to X%.

In 2023, the average yield of broad beans and horse beans (dry) in the CIS shrank to X tons per ha, waning by X% compared with the previous year's figure. The yield indicated a remarkable increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, broad bean and horse bean yield increased by X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X%. The level of yield peaked at X tons per ha in 2022, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the broad bean and horse bean harvested area in the CIS rose remarkably to X ha, increasing by X% compared with 2022. Over the period under review, the harvested area, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in CIS

In 2023, exports of broad beans and horse beans (dry) in the CIS surged to X tons, growing by X% on 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2023. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

In 2023, Russia (X tons) represented the key exporter of broad beans and horse beans (dry), generating X% of total exports. It was distantly followed by Kazakhstan (X tons), creating a X% share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. While the share of Russia (X p.p.) and Kazakhstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest broad bean and horse bean supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

In Russia, broad bean and horse bean exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Imports of Broad Beans And Horse Beans (Dry)

Imports in CIS

In 2023, purchases abroad of broad beans and horse beans (dry) increased by X% to X tons, rising for the third consecutive year after four years of decline. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2023. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Kazakhstan dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. Russia (X tons) and Kyrgyzstan (X tons) took a little share of total imports.

Kazakhstan was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) and Russia (X%) displayed positive paces of growth. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported broad beans and horse beans (dry) in the CIS, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports.

In Kazakhstan, broad bean and horse bean imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform