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

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

The MENA's market for broad beans and horse beans (dry) skyrocketed to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, broad bean and horse bean production rose notably to $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Egypt (X tons), Morocco (X tons) and Tunisia (X tons), with a combined X% share of total production. Algeria, Syrian Arab Republic, Iran and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Iran (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2023, the average yield of broad beans and horse beans (dry) in MENA stood at X tons per ha, remaining constant against the previous year's figure. In general, the yield recorded slight growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the yield failed to regain momentum. 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 MENA expanded rapidly to X ha, picking up by X% on 2022. Over the period under review, the harvested area, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2023, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in MENA

In 2023, shipments abroad of broad beans and horse beans (dry) increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked in 2023 and is likely to see steady growth in the near future.

In value terms, broad bean and horse bean exports expanded rapidly to $X in 2023. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Egypt dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Syrian Arab Republic (X tons), achieving a X% share of total exports. The following exporters - the United Arab Emirates (X tons), Tunisia (X tons) and Turkey (X tons) - each resulted at a X% share of total exports.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2023. At the same time, Syrian Arab Republic (X%), the United Arab Emirates (X%), Tunisia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Egypt and Syrian Arab Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest broad bean and horse bean supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In Egypt, broad bean and horse bean exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in MENA

Broad bean and horse bean imports surged to X tons in 2023, rising by X% on 2022 figures. Total imports indicated a buoyant expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean imports totaled $X in 2023. The total import value 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 most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in years to come.

Imports by Country

Egypt represented the key importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Morocco (X tons), achieving a X% share of total imports. The United Arab Emirates (X tons), Saudi Arabia (X tons) and Jordan (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to broad bean and horse bean imports into Egypt stood at X%. At the same time, Morocco (X%), the United Arab Emirates (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Egypt (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported broad beans and horse beans (dry) in MENA, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Egypt, broad bean and horse bean imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Egypt ($X per ton) and Jordan ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform