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

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

The Europe market for broad beans and horse beans (dry) reached $X in 2023, flattening at the previous year. The total consumption indicated prominent growth from 2012 to 2023: its value 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, consumption increased by X% against 2017 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the immediate term.

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

In value terms, broad bean and horse bean production reached $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The UK (X tons) constituted the country with the largest volume of broad bean and horse bean production, comprising approx. X% of total volume. Moreover, broad bean and horse bean production in the UK exceeded the figures recorded by the second-largest producer, Lithuania (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume in the UK stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Lithuania (X% per year) and Germany (X% per year).

The average broad bean and horse bean yield expanded sharply to X tons per ha in 2023, surging by X% on 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. The level of yield peaked at X tons per ha in 2017; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area totaled X ha in 2023, remaining stable against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Europe

In 2023, broad bean and horse bean exports in Europe surged to X tons, jumping by X% against 2022 figures. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, broad bean and horse bean exports reached $X in 2023. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

The shipments of the three major exporters of broad beans and horse beans (dry), namely Lithuania, the UK and Latvia, represented more than two-thirds of total export. France (X tons) took the next position in the ranking, followed by Denmark (X tons) and Germany (X tons). All these countries together took approx. X% share of total exports. Estonia (X tons) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), the UK ($X) and Latvia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Europe amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 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 lower figure.

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

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Europe

In 2023, after three years of growth, there was decline in purchases abroad of broad beans and horse beans (dry), when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2022, and then declined slightly in the following year.

In value terms, broad bean and horse bean imports contracted to $X in 2023. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Norway represented the key importing country with an import of around X tons, which amounted to X% of total imports. The Netherlands (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (X%), France (X%), Italy (X%) and Latvia (X%). Spain (X tons) followed a long way behind the leaders.

Imports into Norway increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), the Netherlands (X%), Denmark (X%), France (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.), Latvia (X p.p.) and Denmark (X p.p.) significantly strengthened its position in terms of the total imports, while Spain and Italy saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Norway amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Denmark (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, approximately equating the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform