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

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

In 2019, the Indian market for broad beans and horse beans (dry) increased by X% to $X, rising for the seventh year in a row after four years of decline. Over the period under review, consumption posted a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Broad Beans And Horse Beans (Dry)

Exports from India

In 2019, shipments abroad of broad beans and horse beans (dry) increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2019. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

Jordan (X tonnes), Egypt (X tonnes) and Sri Lanka (X tonnes) were the main destinations of broad bean and horse bean exports from India, together comprising X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jordan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2019, the average annual growth rate of value to Jordan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2019, the average export price for broad beans and horse beans (dry) amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the UK ($X per tonne), while the average price for exports to Sri Lanka ($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 Sri Lanka, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into India

In 2019, 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 two years of decline. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, broad bean and horse bean imports soared to $X in 2019. In general, imports continue to indicate perceptible growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tonnes), the U.S. (X tonnes) and Canada (X tonnes) were the main suppliers of broad bean and horse bean imports to India, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in the U.S. (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest broad bean and horse bean suppliers to India were Germany ($X), the U.S. ($X) and Canada ($X), together accounting for X% of total imports.

Among the main suppliers, the U.S. (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average import price for broad beans and horse beans (dry) amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Turkey ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

+

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?

+

China (3.5M tonnes) remains the largest broad bean and horse bean producing country worldwide, comprising approx. 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 India?

+

In value terms, the largest broad bean and horse bean suppliers to India were Germany ($1.2M), the U.S. ($944K) and Canada ($666K), with a combined 74% share of total imports.

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

+

In value terms, Jordan ($241K) remains the key foreign market for broad bean and horse bean exports from India, comprising 32% of total exports. The second position in the ranking was occupied by Egypt ($89K), with a 12% share of total exports. It was followed by the U.S., with a 7.2% share.

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

+

The average export price for broad beans and horse beans (dry) stood at $910 per tonne in 2019, picking up by 3.5% against the previous year.

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

+

The average import price for broad beans and horse beans (dry) stood at $399 per tonne in 2019, falling by -19.8% against the previous year.