Report Update Nov 1, 2024

Norway - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Market for Broad Beans And Horse Beans (Dry) 2024

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

For the third year in a row, the Norwegian market for broad beans and horse beans (dry) recorded growth in sales value, which increased by 62% to $X in 2022. Overall, consumption enjoyed a significant increase. Broad bean and horse bean consumption peaked in 2022 and is likely to see steady growth in years to come.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Norway

In 2022, approx. X kg of broad beans and horse beans (dry) were exported from Norway; with an increase of 73% compared with the year before. Over the period under review, exports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2019 with an increase of 202% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2022. In general, exports, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2019 when exports increased by 380% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for broad bean and horse bean exports from Norway, accounting for a 34% share of total exports. Moreover, broad bean and horse bean exports to Denmark exceeded the volume sent to the second major destination, Germany (X kg), fivefold. The Netherlands (X kg) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at -39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and the Netherlands (-73.0% per year).

In value terms, Denmark ($X) emerged as the key foreign market for broad beans and horse beans (dry) exports from Norway, comprising 38% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.8% share of total exports. It was followed by Germany, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to -37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-32.1% per year) and Germany (0.0% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, with an increase of 92% against the previous year. Overall, the export price enjoyed a slight increase. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 the Netherlands ($X per ton), while the average price for exports to Germany ($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 Netherlands (+151.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Norway

For the third year in a row, Norway recorded growth in purchases abroad of broad beans and horse beans (dry), which increased by 49% to X tons in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 73%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, broad bean and horse bean imports soared to $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

France (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of broad bean and horse bean imports to Norway, with a combined 68% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +789.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and the Netherlands ($X) appeared to be the largest broad bean and horse bean suppliers to Norway, together comprising 68% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +879.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, growing by 11% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Denmark ($X per ton), while the price for Estonia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for broad beans and horse beans (dry) in the world?

The countries with the highest volumes of broad bean and horse bean consumption in 2021 were China, Ethiopia and Egypt, with a combined 57% share of global consumption. These countries were followed by the UK, Sudan, Italy, France, Germany, Lithuania and Australia, which together accounted for a further 23%.

What are the largest producers of broad beans and horse beans (dry) in the world?

The countries with the highest volumes of broad bean and horse bean production in 2021 were China, Ethiopia and the UK, with a combined 58% share of global production. Australia, Lithuania, Germany, Sudan, France, Italy, Egypt and Latvia lagged somewhat behind, together accounting for a further 25%.

What are the leading suppliers of broad beans and horse beans (dry) to Norway?

In value terms, France, Poland and the UK constituted the largest broad bean and horse bean suppliers to Norway, with a combined 81% share of total imports.

What are the leading importers of broad beans and horse beans (dry) from Norway?

In value terms, the largest markets for broad bean and horse bean exported from Norway were the Netherlands $124) and Denmark $67).

What is the average export price for broad beans and horse beans (dry) in Norway?

In 2021, the average export price for broad beans and horse beans dry) amounted to $660 per ton, which is down by -19.6% against the previous year.

What is the average import price for broad beans and horse beans (dry) in Norway?

In 2021, the average import price for broad beans and horse beans dry) amounted to $382 per ton, declining by -24.4% against the previous year.

This report provides an in-depth analysis of the market for broad bean and horse bean in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 181 - Broad beans, dry

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023