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

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

In 2023, the Egyptian market for broad beans and horse beans (dry) increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

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

In value terms, broad bean and horse bean production contracted modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

In 2023, the average yield of broad beans and horse beans (dry) in Egypt expanded to X tons per ha, increasing by X% on 2022. The yield figure increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2021 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 total area harvested in terms of broad beans and horse beans (dry) production in Egypt amounted to X ha, picking up by X% on 2022 figures. In general, the harvested area, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2018 to 2023, the growth of the broad bean and horse bean harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Egypt

Broad bean and horse bean exports from Egypt soared to X tons in 2023, growing by X% compared with 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 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 see gradual growth in the near future.

In value terms, broad bean and horse bean exports soared to $X in 2023. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Morocco (X tons), Saudi Arabia (X tons) and Libya (X tons) were the main destinations of broad bean and horse bean exports from Egypt, with a combined X% share of total exports.

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

In value terms, the largest markets for broad bean and horse bean exported from Egypt were Morocco ($X), Saudi Arabia ($X) and Libya ($X), together comprising X% of total exports.

Morocco, with a CAGR of X%, saw the highest growth rate of 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, declining by X% against the previous year. Over the period under review, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Jordan ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Kuwait ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Egypt

In 2023, supplies from abroad of broad beans and horse beans (dry) increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2023: its volume 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 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, broad bean and horse bean imports skyrocketed to $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 pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), Lithuania (X tons) and the UK (X tons) were the main suppliers of broad bean and horse bean imports to Egypt, with a combined X% share of total imports. Latvia, Germany and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest broad bean and horse bean suppliers to Egypt were Australia ($X), Lithuania ($X) and the UK ($X), together accounting for X% of total imports. Latvia, Germany and Canada lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Australia ($X per ton) and Latvia ($X per ton), while the price for Canada ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform