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

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

In 2020, the Greek market for broad beans and horse beans (dry) increased by X% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption showed a remarkable increase. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in years to come.

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

In value terms, broad bean and horse bean production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production posted a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in years to come.

The average yield of broad beans and horse beans (dry) in Greece expanded significantly to X tonnes per ha in 2020, with an increase of X% on the previous year's figure. Over the period under review, the yield posted a remarkable increase. The most prominent rate of growth was recorded in 2012 when the yield increased by X% year-to-year. Over the period under review, the average broad bean and horse bean yield hit record highs in 2020 and is likely to see steady 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 stood at X ha in 2020, with an increase of X% compared with 2019 figures. In general, the harvested area enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The broad bean and horse bean harvested area peaked in 2020 and is likely to see steady growth in the near future.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Greece

In 2020, approx. X tonnes of broad beans and horse beans (dry) were exported from Greece; which is down by -X% against the previous year. Over the period under review, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, broad bean and horse bean exports soared to $X in 2020. Overall, exports, however, showed a prominent increase. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tonnes) was the main destination for broad bean and horse bean exports from Greece, with 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), fourfold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Cyprus amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Italy (-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 Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Cyprus stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Italy (-X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2020, jumping by X% against the previous year. In general, export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Cyprus ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Greece

In 2020, supplies from abroad of broad beans and horse beans (dry) increased by X% to X tonnes, rising for the seventh year in a row after six years of decline. Over the period under review, imports, however, saw a noticeable reduction. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports soared to $X in 2020. In general, imports, however, showed a slight descent. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest broad bean and horse bean supplier to Greece, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2020, 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: China (+X% per year) and Italy (-X% per year).

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

From 2007 to 2020, 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: China (+X% per year) and Egypt (+X% per year).

Import Prices by Country

In 2020, the average import price for broad beans and horse beans (dry) amounted to $X per tonne, approximately equating the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Egypt ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 Platform