Italy: Dry Bean Market 2024

Dry Bean Market Size in Italy

The Italian dry bean market declined slightly to $X in 2022, which is down by -1.5% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Dry Bean Production in Italy

In value terms, dry bean production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23%. Dry bean production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average yield of beans (dry) in Italy contracted slightly to X tons per ha, remaining stable against the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by 16% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average dry bean yield remained 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 dry bean harvested area in Italy was estimated at X ha in 2022, remaining stable against the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 5.3% against the previous year. The dry bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Dry Bean Exports

Exports from Italy

For the third consecutive year, Italy recorded decline in overseas shipments of beans (dry), which decreased by -15.4% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 66% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, dry bean exports fell to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +40.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Hungary (X tons) and Romania (X tons) were the main destinations of dry bean exports from Italy, with a combined 38% share of total exports. Slovenia, France, Croatia, Spain, Austria, the United States, Bosnia and Herzegovina, Portugal, Greece and Poland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +32.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Romania ($X) appeared to be the largest markets for dry bean exported from Italy worldwide, with a combined 36% share of total exports. Hungary, France, Croatia, the United States, Spain, Austria, Greece, Poland, Portugal and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 46%.

Portugal, with a CAGR of +21.0%, recorded 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

The average dry bean export price stood at $X per ton in 2022, rising by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 when the average export price increased by 22%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Poland (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Italy

In 2022, approx. X tons of beans (dry) were imported into Italy; waning by -8.2% compared with 2021 figures. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, dry bean imports declined to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 23%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Argentina (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of dry bean imports to Italy, with a combined 72% share of total imports. Ethiopia, China, Ukraine and Poland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +75.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dry bean suppliers to Italy were Argentina ($X), the United States ($X) and Canada ($X), with a combined 68% share of total imports. China, Poland, Ethiopia and Ukraine lagged somewhat behind, together accounting for a further 22%.

Ukraine, with a CAGR of +82.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, picking up by 8.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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