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

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

The Greek market for broad beans and horse beans (dry) surged to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption recorded a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, broad bean and horse bean production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

In 2023, the average yield of broad beans and horse beans (dry) in Greece expanded slightly to X tons per ha, picking up by X% compared with 2022 figures. In general, the yield posted modest growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2023, the growth of the average broad bean and horse bean 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 broad bean and horse bean harvested area in Greece amounted to X ha, approximately equating the previous year's figure. Overall, the harvested area continues to indicate a strong increase. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to broad bean and horse bean production reached the peak figure at X ha in 2021; afterwards, it flattened through to 2023.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Greece

In 2023, approx. X tons of broad beans and horse beans (dry) were exported from Greece; increasing by X% on the year before. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, broad bean and horse bean exports reduced to $X in 2023. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Cyprus (X tons) was the main destination for broad bean and horse bean exports from Greece, with a X% share of total exports. Moreover, broad bean and horse bean exports to Cyprus exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Cyprus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

In value terms, the largest markets for broad bean and horse bean exported from Greece were Cyprus ($X), Germany ($X) and the United States ($X), with a combined X% share of total exports. Italy, Albania, Spain, the UK and Bulgaria lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average export price for broad beans and horse beans (dry) amounted to $X per ton, which is down by X% against the previous year. Overall, export price indicated buoyant 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Bulgaria ($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 the United States (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 Greece

In 2023, the amount of broad beans and horse beans (dry) imported into Greece surged to X tons, picking up by X% against the previous year's figure. In general, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, broad bean and horse bean imports expanded significantly to $X in 2023. Over the period under review, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X tons) constituted the largest broad bean and horse bean supplier to Greece, with a X% share of total imports. Moreover, broad bean and horse bean imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Australia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of broad beans and horse beans (dry) to Greece, comprising X% of total imports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (X% per year) and Egypt (X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform