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

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

The Irish market for broad beans and horse beans (dry) surged to $X in 2019, growing by X% against the previous year. In general, consumption recorded a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, broad bean and horse bean production soared to $X in 2019 estimated in export prices. Overall, production posted significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Broad bean and horse bean production peaked in 2019 and is expected to retain growth in years to come.

The average yield of broad beans and horse beans (dry) in Ireland soared to X tonnes per ha in 2019, growing by X% on the previous year's figure. In general, the yield recorded significant growth. As a result, the yield reached the peak level and is likely to continue 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 Ireland contracted modestly to X ha in 2019, which is down by -X% against the previous year's figure. Over the period under review, the harvested area showed a pronounced shrinkage. The broad bean and horse bean harvested area peaked at X ha in 2018, and then declined in the following year.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Ireland

In 2019, overseas shipments of broad beans and horse beans (dry) decreased by -X% to X tonnes, falling for the third consecutive year after seven years of growth. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, broad bean and horse bean exports fell markedly to $X in 2019. Over the period under review, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2017 to 2019, the growth exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for broad bean and horse bean exports from Ireland, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for broad bean and horse bean exports from Ireland.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands totaled +X%.

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2009; however, from 2010 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Ireland

In 2019, after six years of growth, there was significant decline in overseas purchases of broad beans and horse beans (dry), when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports remained at a lower figure.

In value terms, broad bean and horse bean imports declined markedly to $X in 2019. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, the UK (X tonnes) was the main supplier of broad bean and horse bean to Ireland, with a X% share of total imports. Moreover, broad bean and horse bean imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), more than tenfold. The third position in this ranking was occupied by Egypt (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Egypt (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Turkey (+X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a 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 ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Turkey, 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?

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China (3.5M tonnes) constituted the country with the largest volume of broad bean and horse bean consumption, comprising approx. 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. The third position in this ranking was occupied by Egypt (537K tonnes), with a 7.3% share.

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

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The country with the largest volume of broad bean and horse bean production was China (3.5M tonnes), 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 third position in this ranking was occupied by the UK (548K tonnes), with a 7.7% share.

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

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In value terms, the UK ($47K) constituted the largest supplier of broad bean and horse bean to Ireland, comprising 89% of total imports. The second position in the ranking was occupied by Poland ($3.3K), with a 6.3% share of total imports. It was followed by Turkey, with a 2.5% share.

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

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In value terms, the Netherlands ($1.1K) remains the key foreign market for broad bean and horse bean exports from Ireland.

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

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The average export price for broad beans and horse beans (dry) stood at $222 per tonne in 2019, shrinking by -12.6% against the previous year.

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

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In 2019, the average import price for broad beans and horse beans (dry) amounted to $870 per tonne, picking up by 68% against the previous year.