Ireland: Market for Broad Beans And Horse Beans (Dry) 2022

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

In 2021, the Irish market for broad beans and horse beans (dry) decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, posted a pronounced expansion. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

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

In value terms, broad bean and horse bean production contracted to $X in 2021 estimated in export prices. Overall, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The average yield of broad beans and horse beans (dry) in Ireland reduced notably to X tonnes per ha in 2021, dropping by -X% on the previous year. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha. From 2016 to 2021, the growth of the average broad bean and horse bean yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of broad beans and horse beans (dry) were harvested in Ireland; surging by X% on 2020 figures. Over the period under review, the harvested area recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 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 maximum in 2021 and is likely to see steady growth in years to come.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Ireland

In 2021, approx. X tonnes of broad beans and horse beans (dry) were exported from Ireland; shrinking by -X% compared with 2020 figures. In general, exports saw a slight contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2021. Overall, exports showed a noticeable downturn. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tonnes) and the Netherlands (X tonnes) were the main destinations of broad bean and horse bean exports from Ireland.

From 2012 to 2021, the biggest increases were in Canada (+X value terms, Canada ($X) and the Netherlands ($X) were the largest markets for broad bean and horse bean exported from Ireland worldwide.

Canada, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average export price for broad beans and horse beans (dry) amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Canada totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Imports of Broad Beans And Horse Beans (Dry)

Imports into Ireland

Broad bean and horse bean imports into Ireland soared to X tonnes in 2021, growing by X% compared with the previous year. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, broad bean and horse bean imports soared to $X in 2021. Over the period under review, imports posted tangible growth. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, the UK (X tonnes) was the main broad bean and horse bean supplier to Ireland, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +X%.

In value terms, the UK ($X) constituted the largest supplier of broad bean and horse bean to Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +X%.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per tonne in 2021, shrinking by -X% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2020, and then shrank sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -X% per year.

Source: IndexBox Platform