Greece: Overview of the Market for Broad Beans And Horse Beans (Dry) 2021

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

The Greek market for broad beans and horse beans (dry) declined slightly to $X in 2019, shrinking by -X% against the previous year. Overall, consumption posted a measured increase. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X, and then reduced in the following year.

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

In value terms, broad bean and horse bean production dropped to $X in 2019 estimated in export prices. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, production attained the peak level of $X, and then dropped in the following year.

The average yield of broad beans and horse beans (dry) in Greece expanded markedly to X tonnes per ha in 2019, growing by X% against 2018. Over the period under review, the yield enjoyed strong growth. The pace of growth was the most pronounced in 2012 when the yield increased by X% y-o-y. The broad bean and horse bean yield peaked in 2019 and is likely to see gradual growth in the immediate term. 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 Greece totaled X ha in 2019, growing by X% on the year before. In general, the harvested area continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The broad bean and horse bean harvested area peaked at X ha in 2010; however, from 2011 to 2019, the harvested area failed to regain the momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Greece

In 2019, the amount of broad beans and horse beans (dry) exported from Greece soared to X tonnes, increasing by X% on the previous year's figure. Overall, exports posted a measured expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports amounted to $X in 2019. In general, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Cyprus (X tonnes) was the main destination for broad bean and horse bean exports from Greece, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Cyprus exceeded the volume sent to the second major destination, Germany (X tonnes), sixfold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the UK (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Greece

In 2019, purchases abroad of broad beans and horse beans (dry) decreased by -X% to X tonnes, falling for the third consecutive year after five years of growth. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports contracted to $X in 2019. In general, imports saw a perceptible decrease. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Turkey (X tonnes) was the main broad bean and horse bean supplier to Greece, accounting for a X% share of total imports. It was followed by Egypt (X tonnes), with a X% share of total imports. Lebanon (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Lebanon (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Lebanon (-X% per year).

Import Prices by Country

In 2019, the average import price for broad beans and horse beans (dry) amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for broad beans and horse beans (dry) in the world?

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China (3.5M tonnes) remains the largest broad bean and horse bean consuming country worldwide, accounting for 47% of total volume. Moreover, broad bean and horse bean consumption in China exceeded the figures recorded by the second-largest consumer, Ethiopia (989K tonnes), fourfold. Egypt (537K tonnes) ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of broad beans and horse beans (dry) in the world?

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China (3.5M tonnes) constituted the country with the largest volume of broad bean and horse bean production, accounting for 49% of total volume. Moreover, broad bean and horse bean production in China exceeded the figures recorded by the second-largest producer, Ethiopia (1M tonnes), threefold. The UK (548K tonnes) ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of broad beans and horse beans (dry) to Greece?

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In value terms, Turkey ($885K) constituted the largest supplier of broad bean and horse bean to Greece, comprising 87% of total imports. The second position in the ranking was occupied by Spain ($43K), with a 4.2% share of total imports. It was followed by Lebanon, with a 2.9% share.

What are the leading importers of broad beans and horse beans (dry) from Greece?

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In value terms, Cyprus ($88K) remains the key foreign market for broad bean and horse bean exports from Greece, comprising 57% of total exports. The second position in the ranking was occupied by Germany ($27K), with a 17% share of total exports. It was followed by the UK, with a 5.1% share.

What is the average export price for broad beans and horse beans (dry) in Greece?

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In 2019, the average export price for broad beans and horse beans (dry) amounted to $1,319 per tonne, reducing by -14.2% against the previous year.

What is the average import price for broad beans and horse beans (dry) in Greece?

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The average import price for broad beans and horse beans (dry) stood at $1,026 per tonne in 2019, growing by 10% against the previous year.