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

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

The Australian market for broad beans and horse beans (dry) rose remarkably to $X in 2022, with an increase of 7.5% against the previous year. Over the period under review, the total consumption indicated pronounced growth 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 +67.6% 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

In value terms, broad bean and horse bean production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 42% against the previous year. Broad bean and horse bean production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of broad beans and horse beans (dry) in Australia shrank rapidly to X tons per ha in 2022, dropping by -18.1% against the previous year. In general, the yield, however, recorded a modest increase. The pace of growth appeared the most rapid in 2017 with an increase of 106%. Over the period under review, the average broad bean and horse bean yield reached the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the broad bean and horse bean harvested area in Australia contracted to X ha, declining by -10.1% compared with the previous year's figure. Over the period under review, the harvested area, however, enjoyed a modest expansion. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 114%. 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 remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Australia

In 2022, overseas shipments 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. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 76% against the previous year. The 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. Over the period under review, total exports indicated a perceptible 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 +112.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 36%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Egypt (X tons) was the main destination for broad bean and horse bean exports from Australia, accounting for a 73% share of total exports. Moreover, broad bean and horse bean exports to Egypt exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was taken by Iraq (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-1.4% per year) and Iraq (0.0% per year).

In value terms, Egypt ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Australia, comprising 68% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 6.5% share of total exports. It was followed by Indonesia, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-2.9% per year) and Indonesia (+3.0% per year).

Export Prices by Country

In 2022, the average export price for broad beans and horse beans (dry) amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2019 an increase of 69% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+7.8%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Australia

In 2022, the amount of broad beans and horse beans (dry) imported into Australia contracted rapidly to X tons, declining by -57.3% on 2021. Overall, imports faced a significant decline. The growth pace was the most rapid in 2018 when imports increased by 121% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports declined notably to $X in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 117% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Iran (X tons) and India (X tons) were the main suppliers of broad bean and horse bean imports to Australia.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +115.4%).

In value terms, Iran ($X) and India ($X) constituted the largest broad bean and horse bean suppliers to Australia.

In terms of the main suppliers, India, with a CAGR of +66.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average import price for broad beans and horse beans (dry) amounted to $X per ton, dropping by -24.6% against the previous year. In general, the import price, however, continues to indicate a measured expansion. The pace of growth was the most pronounced in 2014 an increase of 112% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Iran totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+293.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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