Belgium: Market for Broad Beans And Horse Beans (Dry) 2022

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

After two years of growth, the Belgian market for broad beans and horse beans (dry) decreased by -X% to $X in 2021. Over the period under review, consumption enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then shrank in the following year.

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

In value terms, broad bean and horse bean production contracted to $X in 2021 estimated in export prices. In general, production continues to indicate a mild expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

The average yield of broad beans and horse beans (dry) in Belgium declined modestly to X tonnes per ha in 2021, dropping by -X% against the previous year. Overall, the yield recorded a pronounced descent. The growth pace was the most rapid in 2016 when the yield increased by X% year-to-year. The broad bean and horse bean yield peaked at X tonnes per ha in 2019; however, from 2020 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area in Belgium stood at X ha in 2021, increasing by X% against 2020 figures. Overall, the harvested area saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. The broad bean and horse bean harvested area peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Belgium

Broad bean and horse bean exports from Belgium reduced remarkably to X tonnes in 2021, with a decrease of -X% on the previous year's figure. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports contracted remarkably to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for broad bean and horse bean exports from Belgium, accounting for a X% share of total exports. It was followed by the United States (X tonnes), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Germany (+X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for broad bean and horse bean exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the United States (+X% per year).

Export Prices by Country

In 2021, the average export price for broad beans and horse beans (dry) amounted to $X per tonne, rising by X% against the previous year. In general, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% y-o-y. As a result, the export price attained the peak level of $X per tonne. From 2016 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Belgium

Broad bean and horse bean imports into Belgium reduced remarkably to X tonnes in 2021, shrinking by -X% against the previous year. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports fell rapidly to $X in 2021. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Latvia (X tonnes) constituted the largest broad bean and horse bean supplier to Belgium, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from Latvia exceeded the figures recorded by the second-largest supplier, France (X tonnes), twofold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Latvia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the Netherlands (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Latvia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2021, the average import price for broad beans and horse beans (dry) amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform