Overview of the Global Market for Broad Beans And Horse Beans (Dry)

Market Size for Broad Beans And Horse Beans (Dry)

The global market for broad beans and horse beans (dry) rose modestly to $X in 2022, picking up by 2.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the global market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Broad Beans And Horse Beans (Dry)

In value terms, broad bean and horse bean production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Over the period under review, global production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), Ethiopia (X tons) and Australia (X tons), with a combined 55% share of global production. The UK, Lithuania, Germany, Sudan, France, Italy, Egypt and Latvia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Germany (with a CAGR of +14.4%), while production for the other global leaders experienced more modest paces of growth.

The global average broad bean and horse bean yield was estimated at X tons per ha in 2022, picking up by 3.3% compared with the previous year. The yield figure increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 14%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. 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 worldwide; flattening at the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.4%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the global broad bean and horse bean harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports

Global broad bean and horse bean exports was estimated at X tons in 2022, surging by 12% on 2021. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 25% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, broad bean and horse bean exports surged to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.9% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia was the largest exporter of broad beans and horse beans (dry) in the world, with the volume of exports reaching X tons, which was approx. 42% of total exports in 2022. It was distantly followed by the UK (X tons), Lithuania (X tons) and France (X tons), together making up a 33% share of total exports. Latvia (X tons), Egypt (X tons), Germany (X tons), Denmark (X tons) and Poland (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to broad bean and horse bean exports from Australia stood at +6.6%. At the same time, Latvia (+78.9%), Poland (+72.6%), Lithuania (+66.6%), Denmark (+64.4%), Germany (+30.9%), Egypt (+12.6%) and the UK (+7.5%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the world, with a CAGR of +78.9% from 2012-2022. By contrast, France (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lithuania, Latvia, Australia, the UK, Denmark, Germany, Egypt and Poland increased by +7.6, +4.3, +4, +3.3, +3.2, +3.1, +2 and +1.7 percentage points, respectively.

In value terms, Australia ($X) remains the largest broad bean and horse bean supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by the UK ($X), with an 18% share of global exports. It was followed by Lithuania, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (+5.3% per year) and Lithuania (+63.2% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, growing by 17% against the previous year. In general, the export price, however, saw a slight slump. The pace of growth appeared the most rapid in 2019 an increase of 32%. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Egypt ($X per ton) and Poland ($X per ton), while Lithuania ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.9%), while the other global leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports

In 2022, overseas purchases of broad beans and horse beans (dry) increased by 18% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of global imports failed to regain momentum.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons), distantly followed by Norway (X tons), the Netherlands (X tons), France (X tons) and Denmark (X tons) were the largest importers of broad beans and horse beans (dry), together achieving 71% of total imports. Latvia (X tons), the United Arab Emirates (X tons), Italy (X tons), Morocco (X tons), Indonesia (X tons), Belgium (X tons), the UK (X tons) and Sudan (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of +68.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported broad beans and horse beans (dry) worldwide, comprising 43% of global imports. The second position in the ranking was held by Norway ($X), with a 16% share of global imports. It was followed by the Netherlands, with a 4.4% share.

In Egypt, broad bean and horse bean imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (+20.1% per year) and the Netherlands (+45.0% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, rising by 5.1% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2019 an increase of 45% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Egypt ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.3%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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