Eastern Europe: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Eastern Europe

The East European market for broad beans and horse beans (dry) reduced remarkably to $X in 2023, declining by X% against the previous year. Over the period under review, consumption showed a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in Eastern Europe

In value terms, broad bean and horse bean production reduced slightly to $X in 2023 estimated in export price. In general, production posted a noticeable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Lithuania (X tons), Latvia (X tons) and Poland (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Poland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average broad bean and horse bean yield reached X tons per ha in 2023, increasing by X% compared with the previous year's figure. The yield indicated buoyant growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, broad bean and horse bean yield increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the broad bean and horse bean yield attained the maximum level at X tons per ha in 2020; however, from 2021 to 2023, 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 2023, the total area harvested in terms of broad beans and horse beans (dry) production in Eastern Europe expanded notably to X ha, increasing by X% against the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2022 to 2023, the growth of the broad bean and horse bean harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Eastern Europe

In 2023, shipments abroad of broad beans and horse beans (dry) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, broad bean and horse bean exports surged to $X in 2023. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Lithuania (X tons) and Latvia (X tons) prevails in exports structure, together constituting X% of total exports. Estonia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, broad bean and horse bean export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Eastern Europe

Broad bean and horse bean imports skyrocketed to X tons in 2023, picking up by X% against 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, broad bean and horse bean imports rose rapidly to $X in 2023. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Latvia represented the key importing country with an import of about X tons, which amounted to X% of total imports. Poland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (X%). Bulgaria (X tons) followed a long way behind the leaders.

Imports into Latvia increased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%), Poland (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Latvia (X p.p.), Poland (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Lithuania (X p.p.) displayed negative dynamics.

In value terms, Latvia ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Latvia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform