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

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

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