EU: Bambara Bean Market 2023

Bambara Bean Market Size in the EU

The EU bambara bean market shrank to $X in 2021, reducing by -9.3% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +122.7% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Bambara Bean Production in the EU

In value terms, bambara bean production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 18%. As a result, production attained the peak level of $X, and then shrank in the following year.

The Netherlands (X tons) remains the largest bambara bean producing country in the European Union, accounting for 55% of total volume. Moreover, bambara bean production in the Netherlands exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), fivefold. The third position in this ranking was held by Luxembourg (X tons), with an 11% share.

In the Netherlands, bambara bean production remained relatively stable over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Bulgaria (-0.6% per year) and Luxembourg (+1.8% per year).

Bambara Bean Exports

Exports in the EU

Bambara bean exports soared to X tons in 2021, growing by 16% compared with the previous year's figure. Over the period under review, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 25%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, bambara bean exports surged to $X in 2021. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by 52% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Italy (X tons) represented the main exporter of bambara beans, creating 56% of total exports. It was distantly followed by Greece (X tons), Spain (X tons), the Netherlands (X tons) and Slovakia (X tons), together comprising a 39% share of total exports. Bulgaria (X tons) took a relatively small share of total exports.

Italy was also the fastest-growing in terms of the bambara beans exports, with a CAGR of +83.7% from 2012 to 2021. At the same time, Bulgaria (+25.0%), Greece (+16.9%), Spain (+10.2%) and Slovakia (+7.6%) displayed positive paces of growth. By contrast, the Netherlands (-27.4%) illustrated a downward trend over the same period. While the share of Italy (+56 p.p.), Greece (+13 p.p.), Spain (+8.7 p.p.), Slovakia (+7.1 p.p.) and Bulgaria (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-34.8 p.p.) displayed negative dynamics.

In value terms, Italy ($X), Greece ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2021, together comprising 83% of total exports.

Among the main exporting countries, Italy, with a CAGR of +71.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, rising by 9.4% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bambara bean export price increased by +46.3% against 2016 indices. The growth pace was the most rapid in 2013 when the export price increased by 35%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+18.2%), while the other leaders experienced more modest paces of growth.

Bambara Bean Imports

Imports in the EU

In 2021, imports of bambara beans in the European Union contracted notably to X tons, declining by -16.9% on the year before. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bambara bean imports amounted to $X in 2021. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of 33%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons), Slovakia (X tons) and Italy (X tons) was the main importer of bambara beans in the European Union, achieving 77% of total import. It was distantly followed by Germany (X tons), creating a 13% share of total imports. The following importers - Sweden (X tons), Bulgaria (X tons) and Greece (X tons) - each accounted for a 5.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of +61.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 72% share of total imports.

Italy, with a CAGR of +54.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 22% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bambara bean import price increased by +32.2% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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