Denmark: Market for Broad Beans And Horse Beans (Dry) 2024

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

For the third consecutive year, the Danish market for broad beans and horse beans (dry) recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, broad bean and horse bean production rose sharply to $X in 2022 estimated in export price. In general, the total production indicated a notable increase 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average yield of broad beans and horse beans (dry) in Denmark rose rapidly to X tons per ha, increasing by X% on the previous year's figure. Overall, the yield enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. The broad bean and horse bean yield peaked in 2022 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of broad beans and horse beans (dry) production in Denmark reached X ha, growing by X% on 2021. Overall, the harvested area, however, recorded a relatively flat trend pattern. The broad bean and horse bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Exports of Broad Beans And Horse Beans (Dry)

Exports from Denmark

In 2022, the amount of broad beans and horse beans (dry) exported from Denmark expanded rapidly to X tons, increasing by X% compared with 2021 figures. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, broad bean and horse bean exports expanded to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for broad bean and horse bean exports from Denmark, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Norway exceeded the volume sent to the second major destination, the UK (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Norway ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($X 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 Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Denmark

In 2022, approx. X tons of broad beans and horse beans (dry) were imported into Denmark; jumping by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, broad bean and horse bean imports soared to $X in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of broad bean and horse bean to Denmark, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from the UK exceeded the figures recorded by the second-largest supplier, Latvia (X tons), sixfold. Estonia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Estonia (X.5% per year).

In value terms, the UK ($X) constituted the largest supplier of broad beans and horse beans (dry) to Denmark, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with an X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Estonia (X.4% per year).

Import Prices by Country

In 2022, the average import price for broad beans and horse beans (dry) amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform