Australia and Oceania: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in Australia and Oceania

The market for broad beans and horse beans (dry) in Australia and Oceania rose rapidly to $X in 2022, surging by 7.2% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.0% against 2018 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in Australia and Oceania

In value terms, broad bean and horse bean production declined to $X in 2022 estimated in export price. In general, production, however, saw a perceptible setback. The pace of growth was the most pronounced in 2016 with an increase of 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Australia (X tons) remains the largest broad bean and horse bean producing country in Australia and Oceania, comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Australia amounted to +7.5%.

In 2022, the average yield of broad beans and horse beans (dry) in Australia and Oceania skyrocketed to X tons per ha, surging by 19% on 2021 figures. Overall, the yield showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 106%. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area reduced to X ha in 2022, with a decrease of -10.1% against the previous year's figure. Over the period under review, the harvested area, however, showed a slight expansion. The pace of growth appeared the most rapid in 2016 with an increase of 114% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the broad bean and horse bean harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Australia and Oceania

In 2022, shipments abroad of broad beans and horse beans (dry) increased by 5.5% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 76% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, broad bean and horse bean exports surged to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +112.3% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 36%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) was the major exporter of broad beans and horse beans (dry) in Australia and Oceania, making up 99.9% of total export.

Australia was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of +6.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest broad bean and horse bean supplier in Australia and Oceania.

In Australia, broad bean and horse bean exports increased at an average annual rate of +4.6% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping by 20% against the previous year. In general, the export price, however, saw a mild slump. The growth pace was the most rapid in 2019 an increase of 69%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -1.9% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Australia and Oceania

In 2022, purchases abroad of broad beans and horse beans (dry) increased by 31% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 974%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, broad bean and horse bean imports rose rapidly to $X in 2022. Over the period under review, imports, however, showed a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 678% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) was the main importer of broad beans and horse beans (dry), generating 80% of total imports. It was distantly followed by Australia (X tons), constituting a 17% share of total imports.

New Zealand was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of -11.3% from 2012 to 2022. Australia (-20.7%) illustrated a downward trend over the same period. While the share of New Zealand (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-21 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by Australia ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to -9.8%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, falling by -14.4% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broad bean and horse bean import price decreased by -26.0% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 71% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.4%).

Source: IndexBox Platform

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