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

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

The East European market for broad beans and horse beans (dry) reduced rapidly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

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

In value terms, broad bean and horse bean production declined modestly to $X in 2023 estimated in export price. Overall, production posted a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Lithuania (X tons), Latvia (X tons) and Poland (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Poland (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average broad bean and horse bean yield expanded remarkably to X tons per ha in 2023, with an increase of X% against the previous year. The yield indicated a resilient increase from 2012 to 2023: its figure 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, broad bean and horse bean yield increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2023, the yield stood at a somewhat lower figure. 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 rose remarkably to X ha in 2023, increasing by X% on the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2022 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 Eastern Europe

In 2023, overseas shipments of broad beans and horse beans (dry) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, broad bean and horse bean exports skyrocketed to $X in 2023. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons) and Latvia (X tons) prevails in exports structure, together constituting X% of total exports. Estonia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%).

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 ($X), Latvia ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price, however, saw a modest expansion. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

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

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Eastern Europe

In 2023, broad bean and horse bean imports in Eastern Europe soared to X tons, with an increase of X% against the previous year's figure. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

In value terms, broad bean and horse bean imports expanded markedly to $X in 2023. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

Latvia was the key importing country with an import of around X tons, which recorded X% of total imports. Poland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (X%). Bulgaria (X tons) followed a long way behind the leaders.

Imports into Latvia increased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%), Poland (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Latvia, Poland and Bulgaria increased by X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Latvia stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform