New Zealand: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in New Zealand

The New Zealand market for broad beans and horse beans (dry) contracted markedly to $X in 2022, dropping by -40.6% against the previous year. Overall, consumption, however, enjoyed mild growth. Broad bean and horse bean consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Broad Beans And Horse Beans (Dry) in New Zealand

In value terms, broad bean and horse bean production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 46%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of broad beans and horse beans (dry) in New Zealand was estimated at less than X kg per ha in 2022, approximately mirroring the year before. In general, the yield saw 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.

The broad bean and horse bean harvested area in New Zealand totaled less than X ha in 2022, flattening at the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Broad Beans And Horse Beans (Dry)

Exports from New Zealand

In 2022, approx. X tons of broad beans and horse beans (dry) were exported from New Zealand; surging by 85% on the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 168%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 156%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for broad bean and horse bean exports from New Zealand, accounting for a 54% share of total exports. Moreover, broad bean and horse bean exports to Italy exceeded the volume sent to the second major destination, Chile (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+28.8% per year) and Japan (-7.0% per year).

In value terms, Italy ($X), Chile ($X) and Algeria ($X) constituted the largest markets for broad bean and horse bean exported from New Zealand worldwide, with a combined 87% share of total exports. Japan and Iraq lagged somewhat behind, together comprising a further 13%.

Iraq, with a CAGR of +57.5%, 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 export price for broad beans and horse beans (dry) amounted to $X per ton, falling by -11.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 99% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Italy ($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 Japan (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Broad Beans And Horse Beans (Dry)

Imports into New Zealand

In 2022, the amount of broad beans and horse beans (dry) imported into New Zealand skyrocketed to X tons, with an increase of 130% against 2021. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 176% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 278% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest broad bean and horse bean supplier to New Zealand, with a 82% share of total imports. Moreover, broad bean and horse bean imports from Australia exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. The third position in this ranking was taken by China (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and China (+1.2% per year).

In value terms, Australia ($X) constituted the largest supplier of broad beans and horse beans (dry) to New Zealand, comprising 84% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by China, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Australia totaled +49.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and China (+6.3% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, picking up by 18% against the previous year. Overall, the import price enjoyed a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 122%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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