Italy: Bambara Bean Market 2023

Bambara Bean Market Size in Italy

In 2022, the Italian bambara bean market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Bambara Bean Production in Italy

In value terms, bambara bean production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of bambara beans in Italy was estimated at less than X kg per ha in 2022, therefore, remained relatively stable against 2021. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The bambara bean harvested area in Italy stood at less than X ha in 2022, therefore, remained relatively stable against 2021. Over the period under review, the harvested area saw a relatively flat trend pattern.

Bambara Bean Exports

Exports from Italy

After two years of growth, overseas shipments of bambara beans decreased by -99.9% to X kg in 2022. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 75,139%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, bambara bean exports dropped notably to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 20,394% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Slovenia (X kg), France (X kg) and Austria (X kg) were the main destinations of bambara bean exports from Italy.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bambara bean exported from Italy were Austria ($X), Slovenia ($X) and France ($X).

France, with a CAGR of +2.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bambara bean export price stood at $X per ton in 2022, jumping by 264% against the previous year. In general, the export price enjoyed resilient growth. Over the period under review, the average export prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bambara Bean Imports

Imports into Italy

In 2022, imports of bambara beans into Italy dropped dramatically to X tons, which is down by -86.3% on the previous year's figure. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,230% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, bambara bean imports reduced notably to $X in 2022. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 2,383%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest bambara bean supplier to Italy, accounting for a 82% share of total imports. Moreover, bambara bean imports from Belgium exceeded the figures recorded by the second-largest supplier, Romania (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +31.5%.

In value terms, Belgium ($X) constituted the largest supplier of bambara beans to Italy, comprising 68% of total imports. The second position in the ranking was held by Romania ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +21.6%.

Import Prices by Country

In 2022, the average bambara bean import price amounted to $X per ton, with a decrease of -43.8% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 87%. As a result, import price reached the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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