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

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

The Scandinavia market for broad beans and horse beans (dry) surged to $X in 2022, with an increase of 42% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, broad bean and horse bean production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible increase. The pace of growth appeared the most rapid in 2014 with an increase of 111% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The country with the largest volume of broad bean and horse bean production was Sweden (X tons), comprising approx. 75% of total volume. Moreover, broad bean and horse bean production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Sweden was relatively modest.

The average broad bean and horse bean yield stood at X tons per ha in 2022, increasing by 11% against the year before. In general, the yield, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2019 with an increase of 94% against the previous year. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of broad beans and horse beans (dry) were harvested in Scandinavia; picking up by 6.2% against the previous year. Over the period under review, the harvested area saw strong growth. The pace of growth was the most pronounced in 2018 when the harvested area increased by 39% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the broad bean and horse bean harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Scandinavia

Broad bean and horse bean exports fell to X tons in 2022, with a decrease of -5.2% against the previous year. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 1,302%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports fell to $X in 2022. Over the period under review, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 517%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) and Finland (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +16.4%).

In value terms, Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022.

Finland, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, dropping by -8.9% against the previous year. Over the period under review, the export price, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2014 when the export price increased by 85%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.6%).

Imports of Broad Beans And Horse Beans (Dry)

Imports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in purchases abroad of broad beans and horse beans (dry), which increased by 46% to X tons in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 71%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, broad bean and horse bean imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 85%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The purchases of the one major importers of broad beans and horse beans (dry), namely Norway, represented more than two-thirds of total import.

Norway was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of +20.5% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Scandinavia.

In Norway, broad bean and horse bean imports increased at an average annual rate of +20.1% over the period from 2012-2022.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -0.3% per year.

Source: IndexBox Platform