Australia and Oceania: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Australia and Oceania

In 2023, after three years of decline, there was significant growth in the market for broad beans and horse beans (dry) in Australia and Oceania, when its value increased by X% to $X. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Production of Broad Beans And Horse Beans (Dry) in Australia and Oceania

In value terms, broad bean and horse bean production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production saw a mild decrease. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Australia (X tons) remains the largest broad bean and horse bean producing country in Australia and Oceania, accounting for X% of total volume.

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

The average broad bean and horse bean yield totaled X tons per ha in 2023, approximately reflecting the previous year's figure. Over the period under review, the yield continues to indicate slight growth. The growth pace was the most rapid in 2017 when the yield increased by X% against the previous year. Over the period under review, the broad bean and horse bean yield hit record highs at X tons per ha in 2014; however, from 2015 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, approx. X ha of broad beans and horse beans (dry) were harvested in Australia and Oceania; with a decrease of X% compared with the year before. Over the period under review, the harvested area, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2017 to 2023, the growth of the broad bean and horse bean harvested area remained at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Australia and Oceania

In 2023, overseas shipments of broad beans and horse beans (dry) decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2022, and then dropped modestly in the following year.

In value terms, broad bean and horse bean exports declined markedly to $X in 2023. Total exports indicated moderate 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped rapidly in the following year.

Exports by Country

Australia (X tons) represented roughly X% of total exports in 2023.

Australia was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest broad bean and horse bean supplier in Australia and Oceania.

In Australia, broad bean and horse bean exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Australia and Oceania

Broad bean and horse bean imports soared to X tons in 2023, jumping by X% against 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean imports surged to $X in 2023. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand prevails in imports structure, accounting for X tons, which was near X% of total imports in 2023. Australia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of X% from 2012 to 2023. At the same time, Australia (X%) displayed positive paces of growth. From 2012 to 2023, the share of New Zealand increased by X percentage points.

In value terms, New Zealand ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports.

In New Zealand, broad bean and horse bean imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The growth pace was the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform