Greece: Bambara Bean Market 2024

Bambara Bean Market Size in Greece

The Greek bambara bean market surged to $X in 2022, rising by 37% against the previous year. In general, consumption, however, recorded a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Bambara Bean Production in Greece

In value terms, bambara bean production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 23% against the previous year. Bambara bean production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of bambara beans in Greece was estimated at less than X kg per ha, stabilizing at 2021 figures. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of bambara beans were harvested in Greece; flattening at the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Bambara Bean Exports

Exports from Greece

After three years of growth, overseas shipments of bambara beans decreased by -3.7% to X tons in 2022. In general, exports, however, posted resilient growth. The growth pace was the most rapid in 2019 when exports increased by 45%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, bambara bean exports declined to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Cyprus (X tons), Germany (X tons) and France (X tons) were the main destinations of bambara bean exports from Greece, together accounting for 95% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +122.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bambara bean exported from Greece were Germany ($X), Cyprus ($X) and France ($X), with a combined 94% share of total exports.

France, with a CAGR of +138.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bambara bean export price amounted to $X per ton, declining by -3.4% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bambara bean export price increased by +28.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 30%. The export price peaked at $X per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Cyprus ($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 Cyprus (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bambara Bean Imports

Imports into Greece

In 2022, approx. X tons of bambara beans were imported into Greece; jumping by 29% against the year before. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 8,291% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, bambara bean imports surged to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 9,201% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Cyprus (X tons) constituted the largest supplier of bambara bean to Greece, with a 81% share of total imports. Moreover, bambara bean imports from Cyprus exceeded the figures recorded by the second-largest supplier, Belgium (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Cyprus was relatively modest.

In value terms, Cyprus ($X) constituted the largest supplier of bambara beans to Greece, comprising 75% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cyprus was relatively modest.

Import Prices by Country

In 2022, the average bambara bean import price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 304%. Over the period under review, average import prices hit record highs at $X per ton in 2016; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%).

Source: IndexBox Platform

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