Argentina: Overview of the Market for Broad Beans And Horse Beans (Dry) 2021

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

In 2019, the Argentinian market for broad beans and horse beans (dry) decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018, and then fell in the following year.

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

In value terms, broad bean and horse bean production fell notably to $X in 2019 estimated in export prices. In general, the total production indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Broad bean and horse bean production peaked at $X in 2009; however, from 2010 to 2019, production stood at a somewhat lower figure.

The average yield of broad beans and horse beans (dry) in Argentina shrank modestly to X tonnes per ha in 2019, remaining stable against 2018 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The broad bean and horse bean yield peaked at X tonnes per ha in 2007; however, from 2008 to 2019, 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 2019, the harvested area of broad beans and horse beans (dry) in Argentina amounted to X ha, stabilizing at 2018. The harvested area increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the maximum in 2019 and is expected to retain growth in the near future.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Argentina

In 2019, shipments abroad of broad beans and horse beans (dry) decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, broad bean and horse bean exports contracted to $X in 2019. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2016 to 2019, the growth exports remained at a lower figure.

Exports by Country

Israel (X tonnes) was the main destination for broad bean and horse bean exports from Argentina, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Israel exceeded the volume sent to the second major destination, Qatar (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Israel was relatively modest.

In value terms, Israel ($X) emerged as the key foreign market for broad bean and horse bean exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Israel was relatively modest.

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, export price indicated noticeable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, broad bean and horse bean export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Israel stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Qatar.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Argentina

In 2019, broad bean and horse bean imports into Argentina soared to X tonnes, jumping by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2019. In general, imports, however, showed a mild curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

Bolivia (X tonnes), Italy (X tonnes) and France (X tonnes) were the main suppliers of broad bean and horse bean imports to Argentina, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of broad bean and horse bean to Argentina, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Bolivia (-X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the import price posted prominent growth. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The import price peaked in 2019 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Bolivia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for broad beans and horse beans (dry) in the world?

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The country with the largest volume of broad bean and horse bean consumption was China (3.5M tonnes), accounting for 47% of total volume. Moreover, broad bean and horse bean consumption in China exceeded the figures recorded by the second-largest consumer, Ethiopia (989K tonnes), fourfold. The third position in this ranking was occupied by Egypt (537K tonnes), with a 7.3% share.

What are the largest producers of broad beans and horse beans (dry) in the world?

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The country with the largest volume of broad bean and horse bean production was China (3.5M tonnes), accounting for 49% of total volume. Moreover, broad bean and horse bean production in China exceeded the figures recorded by the second-largest producer, Ethiopia (1M tonnes), threefold. The third position in this ranking was occupied by the UK (548K tonnes), with a 7.7% share.

What are the leading suppliers of broad beans and horse beans (dry) to Argentina?

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In value terms, Italy ($29K) constituted the largest supplier of broad bean and horse bean to Argentina, comprising 77% of total imports. The second position in the ranking was occupied by France ($6.4K), with a 17% share of total imports.

What are the leading importers of broad beans and horse beans (dry) from Argentina?

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In value terms, Israel ($21K) emerged as the key foreign market for broad bean and horse bean exports from Argentina, comprising 86% of total exports. The second position in the ranking was occupied by Qatar ($2.5K), with a 10% share of total exports.

What is the average export price for broad beans and horse beans (dry) in Argentina?

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In 2019, the average export price for broad beans and horse beans (dry) amounted to $968 per tonne, shrinking by -10.5% against the previous year.

What is the average import price for broad beans and horse beans (dry) in Argentina?

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In 2019, the average import price for broad beans and horse beans (dry) amounted to $1,204 per tonne, picking up by 25% against the previous year.