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

Market Size for Broad Beans And Horse Beans (Dry) in the EU

After four years of growth, the EU market for broad beans and horse beans (dry) decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Production of Broad Beans And Horse Beans (Dry) in the EU

In value terms, broad bean and horse bean production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Lithuania (X tons), Germany (X tons) and Latvia (X tons), together comprising X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Germany (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average broad bean and horse bean yield expanded slightly to X tons per ha in 2023, picking up by X% against 2022. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2022 when the yield increased by X%. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of broad beans and horse beans (dry) in the European Union was estimated at X ha, with an increase of X% against 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to broad bean and horse bean production reached the peak figure at X ha in 2021; however, from 2022 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in the EU

In 2023, shipments abroad of broad beans and horse beans (dry) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2023. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Lithuania (X tons) and Latvia (X tons) represented roughly X% of total exports in 2023. France (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (X%) and Germany (X%). The following exporters - Estonia (X tons) and Poland (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Denmark ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Latvia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the export price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports in the EU

After two years of growth, supplies from abroad of broad beans and horse beans (dry) decreased by X% to X tons in 2023. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, broad bean and horse bean imports dropped to $X in 2023. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by Denmark (X tons), France (X tons), Italy (X tons), Latvia (X tons), Spain (X tons) and Germany (X tons) represented the key importers of broad beans and horse beans (dry), together making up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest broad bean and horse bean importing markets in the European Union were the Netherlands ($X), Denmark ($X) and Italy ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in the European Union amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform