EU: Bambara Bean Market 2024

Bambara Bean Market Size in the EU

For the third year in a row, the EU bambara bean market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption enjoyed slight growth. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Bambara Bean Production in the EU

In value terms, bambara bean production soared to $X in 2023 estimated in export price. Over the period under review, production, however, posted a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2023 were the Netherlands (X tons), Bulgaria (X tons) and Italy (X tons), with a combined X% share of total production.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Bambara Bean Exports

Exports in the EU

In 2023, approx. X tons of bambara beans were exported in the European Union; picking up by X% on the year before. Overall, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, bambara bean exports expanded significantly to $X in 2023. In general, exports, however, showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) and Italy (X tons) were the largest exporters of bambara beans in 2023, reaching approx. X% and X% of total exports, respectively. Belgium (X tons) ranks next in terms of the total exports with a X% share, followed by Slovakia (X%). France (X tons) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Italy ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Greece ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Bambara Bean Imports

Imports in the EU

After three years of decline, purchases abroad of bambara beans increased by X% to X tons in 2023. Overall, imports, however, saw a abrupt curtailment. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, bambara bean imports skyrocketed to $X in 2023. Over the period under review, imports showed modest growth. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Greece represented the largest importer of bambara beans in the European Union, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. France (X tons) ranks second in terms of the total imports with a X% share, followed by Slovakia (X%), Bulgaria (X%) and Sweden (X%). Belgium (X tons) and Hungary (X tons) followed a long way behind the leaders.

Imports into Greece increased at an average annual rate of X% from 2012 to 2023. At the same time, Hungary (X%), France (X%), Slovakia (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Belgium (X%) and Bulgaria (X%) illustrated a downward trend over the same period. While the share of Greece (X p.p.), France (X p.p.), Slovakia (X p.p.), Sweden (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belgium (X p.p.) and Bulgaria (X p.p.) displayed negative dynamics.

In value terms, Greece ($X) constitutes the largest market for imported bambara beans in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Greece amounted to X%. In the other countries, the average annual rates were as follows: France (X% per year) and Slovakia (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, bambara bean import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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 Sweden ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform