U.S. - Broad Beans And Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Broad Bean and Horse Bean in the United States - 2023
Contents:
- Price for Broad Bean and Horse Bean in the United States (CIF) - 2023
- Price for Broad Bean and Horse Bean in the United States (FOB) - 2022
- Imports of Broad Bean and Horse Bean in the United States
- Exports of Broad Bean and Horse Bean in the United States
Price for Broad Bean and Horse Bean in the United States (CIF) - 2023
In August 2023, the average import price for broad beans and horse beans (dry) amounted to $644 per ton, declining by -19.5% against the previous month. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 86% month-to-month. The import price peaked at $1,586 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($3,042 per ton), while the price for Canada ($510 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Peru (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Broad Bean and Horse Bean in the United States (FOB) - 2022
In 2022, the average export price for broad beans and horse beans (dry) amounted to $1,088 per ton, waning by -3% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. The export price peaked at $1,196 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($1,606 per ton), while the average price for exports to Japan ($617 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 Canada (-0.9%), while the prices for the other major destinations experienced a decline.
Imports of Broad Bean and Horse Bean in the United States
In 2022, the amount of broad beans and horse beans (dry) imported into the United States declined to 12K tons, falling by -12.5% against the previous year. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of 14K tons, and then dropped in the following year.
In value terms, broad bean and horse bean imports totaled $8M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.7%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Broad Bean and Horse Bean in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4.7 | 2.7 | 5.1 | 4.9 | 1.4% |
| Peru | 1.5 | 2.3 | 1.3 | 1.3 | -4.7% |
| Mexico | 0.9 | 1.1 | 0.9 | 1.1 | 6.9% |
| Others | 0.9 | 1.0 | 0.6 | 0.8 | -3.9% |
| Total | 7.9 | 7.1 | 7.8 | 8.0 | 0.4% |
Top Suppliers of Broad Bean and Horse Bean to the United States in 2022:
- Canada (10.8K tons)
- Peru (0.6K tons)
- Mexico (0.4K tons)
Exports of Broad Bean and Horse Bean in the United States
In 2022, exports of broad beans and horse beans (dry) from the United States shrank to 365 tons, which is down by -4.7% compared with the previous year. Over the period under review, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 1.3%.
In value terms, broad bean and horse bean exports shrank to $397K in 2022. In general, exports faced a precipitous contraction. The smallest decline of -5% was in 2021.
| Export of Broad Bean and Horse Bean in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 191 | 180 | 223 | 145 | -8.8% |
| Netherlands | N/A | N/A | N/A | 127 | 0% |
| Mexico | 755 | 54.8 | 37.2 | 94.5 | -50.0% |
| Japan | 218 | 216 | 169 | 27.1 | -50.1% |
| Egypt | 207 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 3.6 | 0% |
| Total | 1,370 | 452 | 429 | 397 | -33.8% |
Top Export Markets for Broad Bean and Horse Bean from the United States in 2022:
- Canada (181.7 tons)
- Netherlands (78.8 tons)
- Mexico (59.8 tons)
- Japan (44.0 tons)
This report provides an in-depth analysis of the market for broad bean and horse bean in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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274
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