Ethiopia: Market for Broad Beans And Horse Beans (Dry) 2024

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

The Ethiopian market for broad beans and horse beans (dry) reached $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Broad bean and horse bean consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

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

In value terms, broad bean and horse bean production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Broad bean and horse bean production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

In 2023, the average broad bean and horse bean yield in Ethiopia reduced to X tons per ha, falling by X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the yield increased by X%. The broad bean and horse bean yield peaked at X tons per ha in 2022, and then dropped in the following year. 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 Ethiopia stood at X ha, remaining relatively unchanged against the year before. Overall, the harvested area, however, saw a mild descent. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X%. The broad bean and horse bean harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Ethiopia

In 2023, broad bean and horse bean exports from Ethiopia fell significantly to X tons, reducing by X% against the year before. Over the period under review, exports recorded a perceptible reduction. The growth pace was the most rapid in 2022 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports dropped sharply to $X in 2023. In general, exports saw a perceptible slump. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for broad bean and horse bean exports from Ethiopia, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Sudan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Djibouti (X% per year).

In value terms, Sudan ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Djibouti (X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Ethiopia

Broad bean and horse bean imports into Ethiopia surged to X tons in 2023, rising by X% against the year before. Overall, imports recorded notable growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, broad bean and horse bean imports skyrocketed to $X in 2023. In general, imports recorded slight growth. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of broad bean and horse bean to Ethiopia, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of broad beans and horse beans (dry) to Ethiopia.

From 2012 to 2023, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price showed a slight slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform