Eastern Europe: Dry Bean Market 2024

Dry Bean Market Size in Eastern Europe

In 2023, the East European dry bean market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. The total consumption indicated a strong 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, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2022, and then fell modestly in the following year.

Dry Bean Production in Eastern Europe

In value terms, dry bean production amounted to $X in 2023 estimated in export price. The total production indicated buoyant growth 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 pace of growth appeared 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 countries with the highest volumes of production in 2023 were Lithuania (X tons), Belarus (X tons) and Latvia (X tons), together accounting for X% of total production. Ukraine, Poland, Estonia and Romania lagged somewhat behind, together accounting for a further X%.

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

In 2023, the average yield of beans (dry) in Eastern Europe was estimated at X tons per ha, stabilizing at the previous year's figure. The yield indicated a strong increase from 2012 to 2023: its figure 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, dry bean yield decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021; 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.

In 2023, approx. X ha of beans (dry) were harvested in Eastern Europe; flattening at the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to dry bean production reached the maximum at X ha in 2021; however, from 2022 to 2023, the harvested area remained at a lower figure.

Dry Bean Exports

Exports in Eastern Europe

In 2023, the amount of beans (dry) exported in Eastern Europe dropped notably to X tons, declining by X% against 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, dry bean exports expanded to $X in 2023. Total exports indicated a perceptible 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Poland was the largest exporting country with an export of about X tons, which finished at X% of total exports. Bulgaria (X tons) ranks second in terms of the total exports with a X% share, followed by Ukraine (X%), Russia (X%), Hungary (X%) and the Czech Republic (X%). Slovakia (X tons) followed a long way behind the leaders.

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

In value terms, Poland ($X) remains the largest dry bean supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with an X% share of total exports. It was followed by Hungary, with a X% share.

In Poland, dry 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: Bulgaria (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a noticeable expansion 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, dry bean export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained 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 Hungary ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Dry Bean Imports

Imports in Eastern Europe

Dry bean imports declined significantly to X tons in 2023, with a decrease of X% on 2022 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, dry bean imports dropped to $X in 2023. Total imports indicated a moderate increase 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

The countries with the highest levels of dry bean imports in 2023 were Romania (X tons), Russia (X tons), Bulgaria (X tons) and Hungary (X tons), together reaching X% of total import. It was distantly followed by Poland (X tons), mixing up an X% share of total imports. The Czech Republic (X tons) and Slovakia (X tons) followed a long way behind the leaders.

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

In value terms, the largest dry bean importing markets in Eastern Europe were Romania ($X), Hungary ($X) and Russia ($X), together comprising X% of total imports.

Among the main importing countries, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in the near future.

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 Hungary ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform