U.S.: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in the U.S.

The U.S. market for broad beans and horse beans (dry) contracted slightly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed a strong increase. Broad bean and horse bean consumption peaked at $X in 2021, and then shrank in the following year.

Production of Broad Beans And Horse Beans (Dry) in the U.S.

In value terms, broad bean and horse bean production stood at $X in 2022. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X,700%. Broad bean and horse bean production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average yield of broad beans and horse beans (dry) in the United States totaled less than X kg per ha, approximately reflecting the previous year. Overall, the yield continues to indicate 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.

In 2022, the total area harvested in terms of broad beans and horse beans (dry) production in the United States stood at less than X ha, stabilizing at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Broad Beans And Horse Beans (Dry)

Exports from the U.S.

In 2022, exports of broad beans and horse beans (dry) from the United States fell modestly to X tons, waning by X% compared with the previous year. Overall, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports fell to $X in 2022. In general, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for broad bean and horse bean exports from the United States, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Canada exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Mexico (X% per year).

In value terms, Canada ($X), the Netherlands ($X) and Mexico ($X) constituted the largest markets for broad bean and horse bean exported from the United States worldwide, together comprising X% of total exports.

Mexico, with a CAGR of X%, 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 export price for broad beans and horse beans (dry) stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Japan ($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 Canada (X%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into the U.S.

In 2022, approx. X tons of broad beans and horse beans (dry) were imported into the United States; dropping by X% against the previous year's figure. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, broad bean and horse bean imports totaled $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Canada (X tons) constituted the largest broad bean and horse bean supplier to the United States, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from Canada exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) constituted the largest supplier of broad beans and horse beans (dry) to the United States, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Mexico (X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform