Northern America: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in Northern America

In 2022, the North American market for broad beans and horse beans (dry) decreased by -1.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Broad Beans And Horse Beans (Dry) in Northern America

In value terms, broad bean and horse bean production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 28%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of broad bean and horse bean production was Canada (X tons), accounting for 100% of total volume.

In Canada, broad bean and horse bean production remained relatively stable over the period from 2012-2022.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Northern America

In 2022, shipments abroad of broad beans and horse beans (dry) decreased by -3.3% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 204% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports rose significantly to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by 216%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Canada dominates exports structure, recording X tons, which was near 98% of total exports in 2022. The United States (X tons) held a minor share of total exports.

Canada was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of +17.3% from 2012 to 2022. The United States (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +11 percentage points.

In value terms, Canada ($X) remains the largest broad bean and horse bean supplier in Northern America, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 5.1% share of total exports.

In Canada, broad bean and horse bean exports increased at an average annual rate of +15.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by 9% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.0%).

Imports of Broad Beans And Horse Beans (Dry)

Imports in Northern America

In 2022, the amount of broad beans and horse beans (dry) imported in Northern America declined to X tons, reducing by -12.8% against 2021 figures. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 106% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, broad bean and horse bean imports rose slightly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 42%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was approx. 95% of total imports in 2022. It was distantly followed by Canada (X tons), mixing up a 5% share of total imports.

The United States was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of +12.9% from 2012 to 2022. At the same time, Canada (+3.8%) displayed positive paces of growth. While the share of the United States (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-5.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Northern America, comprising 89% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports.

In the United States, broad bean and horse bean imports expanded at an average annual rate of +3.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, rising by 18% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2020 when the import price increased by 24% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.2%).

Source: IndexBox Platform

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