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

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

The Swedish market for broad beans and horse beans (dry) soared to $X in 2019, increasing by X% against the previous year. In general, consumption saw a prominent increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

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

In value terms, broad bean and horse bean production soared to $X in 2019 estimated in export prices. Over the period under review, production showed prominent growth. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

In 2019, the average broad bean and horse bean yield in Sweden skyrocketed to X tonnes per ha, picking up by X% compared with 2018 figures. Over the period under review, the yield indicated tangible growth from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, broad bean and horse bean yield decreased by -X% against 2015 indices. Over the period under review, the average broad bean and horse bean yield attained the peak level at X tonnes per ha in 2015; however, from 2016 to 2019, 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 2019, approx. X ha of broad beans and horse beans (dry) were harvested in Sweden; waning by -X% compared with the year before. Over the period under review, the harvested area, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced 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 2019, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Sweden

In 2019, overseas shipments of broad beans and horse beans (dry) decreased by -X% to X tonnes, falling for the third year in a row after seven years of growth. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, broad bean and horse bean exports dropped markedly to $X in 2019. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Norway (X tonnes) and Denmark (X tonnes) were the main destinations of broad bean and horse bean exports from Sweden, with a combined X% share 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 Norway.

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

From 2007 to 2019, the average annual rate of growth in terms of value to Norway stood at +X%.

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2019, increasing by X% against the previous year. In general, the export price recorded 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 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2019, the country with the highest price was Norway ($X per tonne), while the average price for exports to Denmark totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Denmark.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Sweden

For the third year in a row, Sweden recorded growth in supplies from abroad of broad beans and horse beans (dry), which increased by X% to X tonnes in 2019. Overall, imports showed strong 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 expected to retain growth in the immediate term.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2019. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Denmark (X tonnes) constituted the largest supplier of broad bean and horse bean to Sweden, with a X% share of total imports. Moreover, broad bean and horse bean imports from Denmark exceeded the figures recorded by the second-largest supplier, Estonia (X tonnes), threefold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (-X% per year) and Germany (+X% per year).

In value terms, Germany ($X), Denmark ($X) and Turkey ($X) appeared to be the largest broad bean and horse bean suppliers to Sweden, together comprising X% of total imports. Spain, Lebanon, the Netherlands, Lithuania, Estonia and Egypt lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Estonia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

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 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 Sweden?

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In value terms, Germany ($177K), Denmark ($140K) and Turkey ($85K) constituted the largest broad bean and horse bean suppliers to Sweden, with a combined 46% share of total imports. These countries were followed by Spain, Lebanon, the Netherlands, Lithuania, Estonia and Egypt, which together accounted for a further 38%.

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

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In value terms, Norway ($192K) remains the key foreign market for broad bean and horse bean exports from Sweden, comprising 64% of total exports. The second position in the ranking was occupied by Denmark ($87K), with a 29% share of total exports.

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

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In 2019, the average export price for broad beans and horse beans (dry) amounted to $400 per tonne, surging by 44% against the previous year.

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

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The average import price for broad beans and horse beans (dry) stood at $889 per tonne in 2019, rising by 11% against the previous year.