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

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

The Brazilian market for broad beans and horse beans (dry) surged to $X in 2022, growing by 30% against the previous year. In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, broad bean and horse bean production expanded to $X in 2022 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 679%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of broad beans and horse beans (dry) in Brazil soared to X kg per ha, increasing by 23% on the previous year's figure. In general, the yield indicated perceptible growth from 2012 to 2022: its figure increased at an average annual rate of +4.9% 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 yield decreased by -13.3% against 2020 indices. The growth pace was the most rapid in 2017 when the yield increased by 95%. The broad bean and horse bean yield peaked at X kg per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. 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 in Brazil stood at X ha in 2022, picking up by 11% on the year before. Overall, the harvested area recorded moderate growth. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 55%. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Brazil

For the fifth consecutive year, Brazil recorded growth in shipments abroad of broad beans and horse beans (dry), which increased by 7,877% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 when exports increased by 1,630% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for broad bean and horse bean exports from Brazil, accounting for a approx. 99% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

From 2016 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average export price for broad beans and horse beans (dry) amounted to $X per ton, with a decrease of -82.9% against the previous year. Overall, the export price saw a dramatic slump. The growth pace was the most rapid in 2019 an increase of 120% 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 remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Brazil

In 2022, approx. X tons of broad beans and horse beans (dry) were imported into Brazil; approximately reflecting the previous year. Over the period under review, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 311% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, broad bean and horse bean imports contracted rapidly to $X in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 518% against the previous year. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Lebanon (X tons) constituted the largest supplier of broad bean and horse bean to Brazil, with a 79% share of total imports. Moreover, broad bean and horse bean imports from Lebanon exceeded the figures recorded by the second-largest supplier, Madagascar (X kg), sixfold. Italy (X kg) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from Lebanon amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-54.4% per year) and Italy (+14.1% per year).

In value terms, Lebanon ($X) constituted the largest supplier of broad beans and horse beans (dry) to Brazil, comprising 70% of total imports. The second position in the ranking was held by Madagascar ($X), with a 16% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Lebanon stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-68.5% per year) and Italy (+8.0% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, waning by -42.6% against the previous year. Over the period under review, the import price, however, continues to indicate a tangible expansion. The growth pace was the most rapid in 2013 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :