Australia and Oceania: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Australia and Oceania

In 2022, the market for broad beans and horse beans (dry) in Australia and Oceania decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in Australia and Oceania

In value terms, broad bean and horse bean production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of broad bean and horse bean production was Australia (X tons), comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Australia amounted to X%.

The average broad bean and horse bean yield shrank to X tons per ha in 2022, with a decrease of X% on the previous year's figure. The yield indicated a mild increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broad bean and horse bean yield decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the broad bean and horse bean yield reached the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of broad beans and horse beans (dry) in Australia and Oceania totaled X ha, surging by X% compared with 2021 figures. Overall, the harvested area saw a notable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the broad bean and horse bean harvested area failed to regain momentum.

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Exports of Broad Beans And Horse Beans (Dry)

Exports in Australia and Oceania

In 2022, overseas shipments of broad beans and horse beans (dry) increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Australia (X tons) was the main exporter of broad beans and horse beans (dry) in Australia and Oceania, achieving X% of total export.

Australia was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest broad bean and horse bean supplier in Australia and Oceania.

In Australia, broad bean and horse bean exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Australia and Oceania

In 2022, overseas purchases of broad beans and horse beans (dry) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, broad bean and horse bean imports reached $X in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

New Zealand represented the major importer of broad beans and horse beans (dry) in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Australia (X tons) and Papua New Guinea (X tons), together committing a X% share of total imports. The following importers - Solomon Islands (X kg), Fiji (X kg) and Guam (X kg) - together made up X% of total imports.

Imports into New Zealand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%), Solomon Islands (X%) and Guam (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Fiji (X%) and Australia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea, Solomon Islands and Australia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand stood at X%. In the other countries, the average annual rates were as follows: Australia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a noticeable decline. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guam ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform