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

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

The Latvian market for broad beans and horse beans (dry) surged to $X in 2022, picking up by 1,736% against the previous year. Overall, consumption, however, continues to indicate a slight decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, broad bean and horse bean production stood at $X in 2022 estimated in export price. Overall, production showed a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 172%. 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 broad bean and horse bean yield in Latvia skyrocketed to X tons per ha, growing by 96% against the previous year. Over the period under review, the yield continues to indicate a slight increase. The broad bean and horse bean yield peaked at X tons 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.

In 2022, the harvested area of broad beans and horse beans (dry) in Latvia declined to X ha, waning by -7.3% against 2021. In general, the harvested area recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Latvia

In 2022, the amount of broad beans and horse beans (dry) exported from Latvia shrank rapidly to X tons, dropping by -38% against the year before. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 762% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports reduced remarkably to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 592%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for broad bean and horse bean exports from Latvia, with a 66% share of total exports. Moreover, broad bean and horse bean exports to Egypt exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+65.2% per year) and the Netherlands (+3.8% per year).

In value terms, Egypt ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Latvia, comprising 68% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Spain, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+60.8% per year) and Spain (+10.0% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, rising by 23% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($X per ton) and Spain ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Latvia

After two years of growth, overseas purchases of broad beans and horse beans (dry) decreased by -19.8% to X tons in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of 5,291%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, broad bean and horse bean imports dropped modestly to $X in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,839%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Lithuania (X tons) was the main supplier of broad bean and horse bean to Latvia, with a 96% share of total imports. It was followed by Estonia (X tons), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at +138.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+26.8% per year) and Ukraine (0.0% per year).

In value terms, Lithuania ($X) constituted the largest supplier of broad beans and horse beans (dry) to Latvia, comprising 96% of total imports. The second position in the ranking was held by Estonia ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Lithuania amounted to +134.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+40.9% per year) and Ukraine (0.0% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the period under review, the import price, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+11.1%).

Source: IndexBox Platform