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

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

In 2020, the Swedish market for broad beans and horse beans (dry) increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Broad bean and horse bean consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

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

In value terms, broad bean and horse bean production soared to $X in 2020 estimated in export prices. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

In 2020, the average broad bean and horse bean yield in Sweden was estimated at X tonnes per ha, growing by X% compared with the previous year. Overall, the yield indicated tangible growth from 2007 to 2020: its figure 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. Based on 2020 figures, broad bean and horse bean yield increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, the average broad bean and horse bean yield attained the maximum level at X tonnes per ha in 2015; however, from 2016 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of broad beans and horse beans (dry) production in Sweden was estimated at X ha, growing by X% compared with the year before. Over the period under review, the harvested area saw a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The broad bean and horse bean harvested area peaked at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Sweden

In 2020, shipments abroad of broad beans and horse beans (dry) decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. from 2017 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, broad bean and horse bean exports contracted sharply to $X in 2020. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

Denmark (X tonnes) was the main destination for broad bean and horse bean exports from Sweden, with a X% share of total exports. Moreover, broad bean and horse bean exports to Denmark exceeded the volume sent to the second major destination, Norway (X tonnes), fivefold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

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

In value terms, Denmark ($X) emerged as the key foreign market for broad bean and horse bean exports from Sweden, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

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

Export Prices by Country

In 2020, the average export price for broad beans and horse beans (dry) amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, average export prices hit record highs at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Finland ($X per tonne), while the average price for exports to Norway ($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 Germany, while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Sweden

In 2020, supplies from abroad of broad beans and horse beans (dry) decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2019, and then contracted sharply in the following year.

In value terms, broad bean and horse bean imports declined significantly to $X in 2020. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2019, and then shrank markedly in the following year.

Imports by Country

In 2020, Denmark (X tonnes) constituted the largest supplier of broad bean and horse bean to Sweden, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), fivefold. The third position in this ranking was occupied by Syrian Arab Republic (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Denmark totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Syrian Arab Republic (+X% per year).

In value terms, Denmark ($X) constituted the largest supplier of broad bean and horse bean to Sweden, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Syrian Arab Republic, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Syrian Arab Republic (+X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the import price, however, showed a mild decline. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform