Overview of the Global Market for Broad Beans And Horse Beans (Dry)

Market Size for Broad Beans And Horse Beans (Dry)

In 2022, the global market for broad beans and horse beans (dry) increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Broad Beans And Horse Beans (Dry)

In value terms, broad bean and horse bean production rose to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons), Ethiopia (X tons) and Australia (X tons), with a combined X% share of global production. The UK, Germany, Lithuania, Sudan, France, Egypt, Denmark, Poland, Italy and Latvia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

In 2022, the global average yield of broad beans and horse beans (dry) totaled X tons per ha, with an increase of X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the average broad bean and horse bean yield attained the maximum level in 2022 and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of broad beans and horse beans (dry) production worldwide reduced slightly to X ha, waning by X% on 2021. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The global harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

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Exports of Broad Beans And Horse Beans (Dry)

Exports

In 2022, global broad bean and horse bean exports totaled X tons, with an increase of X% compared with 2021 figures. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, broad bean and horse bean exports soared to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) represented the largest exporter of broad beans and horse beans (dry), comprising X% of total exports. The UK (X tons) ranks second in terms of the total exports with a X% share, followed by Lithuania (X%) and France (X%). Latvia (X tons), Egypt (X tons), Germany (X tons), Denmark (X tons) and Poland (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Poland (X%), Lithuania (X%), Denmark (X%), Germany (X%), Egypt (X%) and the UK (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lithuania, Latvia, Australia, Germany, Denmark, the UK, Egypt and Poland increased by X, X, X, X, X, X, X and X percentage points, respectively.

In value terms, Australia ($X) remains the largest broad bean and horse bean supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the UK ($X), with an X% share of global exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (X% per year) and Lithuania (X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a slight descent. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Egypt ($X per ton) and Poland ($X per ton), while Lithuania ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports

In 2022, approx. X tons of broad beans and horse beans (dry) were imported worldwide; with an increase of X% against 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons) represented the key importer of broad beans and horse beans (dry), making up X% of total imports. Norway (X tons) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), France (X%) and Denmark (X%). Saudi Arabia (X tons), Italy (X tons), Latvia (X tons), the United Arab Emirates (X tons), Morocco (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported broad beans and horse beans (dry) worldwide, comprising X% of global imports. The second position in the ranking was held by Norway ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In Egypt, broad bean and horse bean imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform