Ghana - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGhana: Market for Broad Beans And Horse Beans (Dry) 2024
Market Size for Broad Beans And Horse Beans (Dry) in Ghana
In 2023, the Ghanian market for broad beans and horse beans (dry) was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a mild shrinkage. Broad bean and horse bean consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.
Production of Broad Beans And Horse Beans (Dry) in Ghana
In value terms, broad bean and horse bean production expanded remarkably to $X in 2023 estimated in export price. In general, production saw a resilient expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.
In 2023, the average yield of broad beans and horse beans (dry) in Ghana amounted to less than X kg per ha, approximately reflecting the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, approx. less than X ha of broad beans and horse beans (dry) were harvested in Ghana; remaining stable against 2022 figures. Overall, the harvested area recorded a relatively flat trend pattern.
Exports of Broad Beans And Horse Beans (Dry)
Exports from Ghana
In 2023, shipments abroad of broad beans and horse beans (dry) decreased by X% to X kg for the first time since 2013, thus ending a nine-year rising trend. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.
In value terms, broad bean and horse bean exports plummeted to $X in 2023. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.
Exports by Country
The UK (X kg) was the main destination for broad bean and horse bean exports from Ghana, accounting for a X% share of total exports. It was followed by the United States (X kg), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to the UK was relatively modest.
In value terms, the largest markets for broad bean and horse bean exported from Ghana were the UK ($X) and the United States ($X). Moreover, broad bean and horse bean exports in the UK exceeded the figures recorded by the second-largest exporter, the United States, twofold.
In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In 2023, the average export price for broad beans and horse beans (dry) amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Broad Beans And Horse Beans (Dry)
Imports into Ghana
Broad bean and horse bean imports into Ghana surged to X tons in 2023, jumping by X% compared with the year before. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in the near future.
In value terms, broad bean and horse bean imports skyrocketed to $X in 2023. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, China (X tons) constituted the largest broad bean and horse bean supplier to Ghana, with a X% share of total imports. Moreover, broad bean and horse bean imports from China exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), threefold. The UK (X kg) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (X% per year) and the UK (X% per year).
In value terms, the largest broad bean and horse bean suppliers to Ghana were South Africa ($X), China ($X) and Lebanon ($X), with a combined X% share of total imports. The UK, the United Arab Emirates, Turkey and India lagged somewhat behind, together comprising a further X%.
In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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 average import price for broad beans and horse beans (dry) stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price faced a abrupt slump. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for broad bean and horse bean in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 181 - Broad beans, dry
Country coverage:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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