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

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

The Europe market for broad beans and horse beans (dry) expanded slightly to $X in 2023, surging by X% against the previous year. The total consumption indicated a resilient 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. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

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

In value terms, broad bean and horse bean production amounted to $X in 2023 estimated in export price. The total production indicated a measured 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of broad bean and horse bean production was the UK (X tons), comprising approx. X% of total volume. Moreover, broad bean and horse bean production in the UK exceeded the figures recorded by the second-largest producer, Lithuania (X tons), threefold. Germany (X tons) ranked third in terms of total production with a X% share.

In the UK, broad bean and horse bean production increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Germany (X% per year).

The average broad bean and horse bean yield rose rapidly to X tons per ha in 2023, with an increase of X% against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2017; 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, the total area harvested in terms of broad beans and horse beans (dry) production in Europe reached X ha, almost unchanged from 2022. The harvested area 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. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Europe

Broad bean and horse bean exports surged to X tons in 2023, growing by X% on the previous year. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in the near future.

In value terms, broad bean and horse bean exports expanded sharply to $X in 2023. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, Lithuania (X tons), the UK (X tons) and Latvia (X tons) was the key exporter of broad beans and horse beans (dry) in Europe, comprising X% of total export. France (X tons) held the next position in the ranking, followed by Denmark (X tons) and Germany (X tons). All these countries together took near X% share of total exports. Estonia (X tons) followed a long way behind the leaders.

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 ($X), the UK ($X) and Latvia ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 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 remained at a lower figure.

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

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Europe

In 2023, purchases abroad 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. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, broad bean and horse bean imports contracted slightly to $X in 2023. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

Norway was the largest importer of broad beans and horse beans (dry) in Europe, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. The Netherlands (X tons) took the second position in the ranking, distantly followed by Denmark (X tons), France (X tons), Italy (X tons) and Latvia (X tons). All these countries together held approx. X% share of total imports. Spain (X tons) held a relatively small share of total imports.

Imports into Norway increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), the Netherlands (X%), Denmark (X%), France (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. The Netherlands (X p.p.), Latvia (X p.p.) and Denmark (X p.p.) significantly strengthened its position in terms of the total imports, while Spain and Italy saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Norway amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Spain ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform