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

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

The Lithuanian market for broad beans and horse beans (dry) soared to $X in 2022, growing by 430% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, broad bean and horse bean production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 297% against the previous year. Broad bean and horse bean production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of broad beans and horse beans (dry) in Lithuania soared to X tons per ha in 2022, increasing by 105% on 2021. Overall, the yield, however, showed a sharp decrease. The broad bean and horse bean yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 Lithuania contracted to X ha in 2022, with a decrease of -11.7% compared with the previous year's figure. Overall, the harvested area, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 78% 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 2021, and then dropped in the following year.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Lithuania

Broad bean and horse bean exports from Lithuania reduced dramatically to X tons in 2022, dropping by -15.2% on the previous year. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 940%. 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 slightly to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 734%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for broad bean and horse bean exports from Lithuania, with a 50% share of total exports. Moreover, broad bean and horse bean exports to Egypt exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+76.5% per year) and Norway (+89.4% per year).

In value terms, Egypt ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Lithuania, comprising 52% of total exports. The second position in the ranking was held by Latvia ($X), with a 17% share of total exports. It was followed by Norway, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Egypt amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+80.1% per year) and Norway (+78.1% 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 15% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Latvia ($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 the UK (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Lithuania

In 2022, the amount of broad beans and horse beans (dry) imported into Lithuania dropped rapidly to X tons, waning by -25.2% against the year before. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 217%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, broad bean and horse bean imports shrank modestly to $X in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2014 with an increase of 190% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X tons) constituted the largest broad bean and horse bean supplier to Lithuania, accounting for a 80% share of total imports. Moreover, broad bean and horse bean imports from Latvia exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by France (X tons), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia totaled +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+50.5% per year) and France (+1,260.1% per year).

In value terms, Latvia ($X) constituted the largest supplier of broad beans and horse beans (dry) to Lithuania, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by France, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Latvia amounted to +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+48.8% per year) and France (+1,121.8% per year).

Import Prices by Country

In 2022, the average import price for broad beans and horse beans (dry) amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 63% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Latvia ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform