Broad Bean and Horse Bean Market

Broad bean and horse bean market: find recently published statistics powered by an Ai-driven business intelligence tool. Facts and figures include production, exports, market prices, trade, companies, imports, consumption, and market size. Here is a breakdown by country, including EU, the U.K., Russia, Africa, China, the U.S., the Middle East, and Latin America. Market insights and outlook to 2030 are also featured in the reports.

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Broad Bean and Horse Bean - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by Ethiopia. It was followed by Egypt.

In China, the broad bean and horse bean market remained relatively stable over the period from 2019-2021. The remaining consuming countries recorded the following average annual rates of market growth: Ethiopia (-1.5% per year) and Egypt (-2.6% per year).

Broad Bean And Horse Bean Prices

Broad Bean and Horse Bean - Top Importers

In value terms, Egypt ($228M) constitutes the largest market for imported broad beans and horse beans (dry) worldwide, comprising 44% of global imports. The second position in the ranking was occupied by Norway ($30M), with a 5.8% share of global imports. It was followed by Saudi Arabia, with a 5.3% share.

In Egypt, broad bean and horse bean imports increased at an average annual rate of +1.4% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Norway (+13.5% per year) and Saudi Arabia (-8.5% per year).

Broad Bean and Horse Bean - Top Exporters

In value terms, Australia ($197M) remains the largest broad bean and horse bean supplier worldwide, comprising 39% of global exports. The second position in the ranking was occupied by the UK ($53M), with a 10% share of global exports. It was followed by Lithuania, with a 8.3% share.

From 2019 to 2021, the average annual growth rate of value in Australia stood at +6.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the UK (+7.3% per year) and Lithuania (+17.5% per year).

Broad Bean and Horse Bean - Market Forecast

Driven by increasing demand for broad bean and horse bean worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Broad Bean and Horse Bean - Top Companies

Test Company Prod, Spokane Seed Company, Rancho Medio Kilo, S.P.R. de R.L., Agricola La Venta S.A., Latham Hi-Tech Hybrids, Inc., AGROALTOS S.A., Agricola Sol de Villacuri S.A.C., Quality Grains Trading Company, GREEN VEGETABLES & FLOWERS S.A.C., CONO S.A., Viterra USA LLC, Erwin-Keith, Inc., Eastern Colorado Seeds, LLC, SEVEN GABLES CHILE LLC OFICINA DE REPRESENTACION EN CHILE, SPECIALITIES ARGENTINA S.A., Lakeview Hutterian Brethren Inc, Eggishof AG, Agrar GmbH Wormsdorf, Gomes Farms Inc, Pure Line Seeds, Inc.

Broad Bean and Horse Bean - Product Coverage

• HS 071350 - Vegetables, leguminous; broad beans (vicia faba var. major) and horse beans (vicia faba var. equina and vicia faba var. minor), shelled, whether or not skinned or split, dried

Source: IndexBox Market Intelligence Platform