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

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

In 2023, the Italian market for broad beans and horse beans (dry) increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. In general, consumption saw a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

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

In value terms, broad bean and horse bean production fell slightly to $X in 2023 estimated in export price. Overall, production recorded prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

The average yield of broad beans and horse beans (dry) in Italy expanded slightly to X tons per ha in 2023, picking up by X% against 2022 figures. Over the period under review, the yield, however, showed a slight contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The broad bean and horse bean yield peaked at X tons per ha in 2012; however, from 2013 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.

In 2023, the total area harvested in terms of broad beans and horse beans (dry) production in Italy expanded rapidly to X ha, growing by X% compared with the previous year's figure. Over the period under review, the total harvested area indicated a moderate expansion 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, broad bean and horse bean harvested area decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to broad bean and horse bean production reached the peak figure at X ha in 2020; however, from 2021 to 2023, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Italy

In 2023, shipments abroad of broad beans and horse beans (dry) decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, broad bean and horse bean exports shrank dramatically to $X in 2023. Overall, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for broad bean and horse bean exports from Italy, with a X% share of total exports. Moreover, broad bean and horse bean exports to France exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was held by Morocco (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Morocco (X% per year).

In value terms, France ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2023, the average export price for broad beans and horse beans (dry) amounted to $X per ton, dropping by X% against the previous year. In general, export price indicated a prominent increase 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, broad bean and horse bean export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (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 Italy

In 2023, broad bean and horse bean imports into Italy amounted to X tons, growing by X% against the previous year's figure. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, broad bean and horse bean imports amounted to $X in 2023. In general, total imports indicated prominent growth 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the UK (X tons) constituted the largest supplier of broad bean and horse bean to Italy, with a X% share of total imports. Moreover, broad bean and horse bean imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the UK ($X) constituted the largest supplier of broad beans and horse beans (dry) to Italy, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for the UK ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform