Ethiopia - Broad Beans And Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 26, 2024

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

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Price for Broad Bean and Horse Bean in Ethiopia - 2022

Contents:

  1. Price for Broad Bean and Horse Bean in Ethiopia (FOB) - 2022
  2. Price for Broad Bean and Horse Bean in Ethiopia (CIF) - 2022
  3. Exports of Broad Bean and Horse Bean in Ethiopia
  4. Imports of Broad Bean and Horse Bean in Ethiopia

Price for Broad Bean and Horse Bean in Ethiopia (FOB) - 2022

The average export price for broad beans and horse beans (dry) stood at $671 per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $706 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Djibouti ($777 per ton), while the average price for exports to Sudan totaled $667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Djibouti (+0.1%).

Price for Broad Bean and Horse Bean in Ethiopia (CIF) - 2022

In 2022, the average import price for broad beans and horse beans (dry) amounted to $931 per ton, jumping by 50% against the previous year. In general, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2017 an increase of 65% against the previous year. The import price peaked at $3,750 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,078 per ton), while the price for China ($912 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%), while the prices for the other major suppliers experienced a decline.

Exports of Broad Bean and Horse Bean in Ethiopia

In 2022, after two years of decline, there was significant growth in shipments abroad of broad beans and horse beans (dry), when their volume increased by 132% to 11K tons. Overall, exports, however, recorded a significant decline.

In value terms, broad bean and horse bean exports skyrocketed to $7.1M in 2022. Over the period under review, exports, however, continue to indicate a precipitous setback.

Export of Broad Bean and Horse Bean in Ethiopia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sudan18.13.31.16.8-27.8%
Djibouti0.40.10.20.2-20.6%
Belgium0.50.3N/AN/A-40.0%
Vietnam1.9N/AN/AN/A0%
India0.50.3N/AN/A-40.0%
Egypt1.51.00.7N/A-31.7%
Saudi Arabia0.50.30.2N/A-36.8%
PakistanN/A0.8N/AN/A0%
Others0.91.40.50.1-51.9%
Total24.27.52.77.1-33.6%

Top Export Markets for Broad Bean and Horse Bean from Ethiopia in 2022:

  1. Sudan (10.2K tons)
  2. Djibouti (0.2K tons)

Imports of Broad Bean and Horse Bean in Ethiopia

In 2022, the amount of broad beans and horse beans (dry) imported into Ethiopia surged to 71 tons, with an increase of 27% on the year before. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 211% against the previous year. As a result, imports reached the peak of 86 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, broad bean and horse bean imports surged to $66K in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 301%. As a result, imports reached the peak of $98K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Broad Bean and Horse Bean in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11.631.728.755.068.0%
United KingdomN/A1.2N/A8.6167.7%
United Arab Emirates12.717.26.02.6-41.1%
SpainN/A17.1N/AN/A0%
United StatesN/A30.5N/AN/A0%
Others0.1N/AN/AN/A0%
Total24.497.734.766.239.5%

Top Suppliers of Broad Bean and Horse Bean to Ethiopia in 2022:

  1. China (60.3 tons)
  2. United Kingdom (8.4 tons)
  3. United Arab Emirates (2.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for broad bean and horse bean in Ethiopia. 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:

  • Ethiopia

Data coverage:

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

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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