Northern America: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Northern America

The North American market for broad beans and horse beans (dry) reached $X in 2023, picking up by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in Northern America

In value terms, broad bean and horse bean production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Canada (X tons) constituted the country with the largest volume of broad bean and horse bean production, accounting for X% of total volume.

In Canada, broad bean and horse bean production remained relatively stable over the period from 2012-2023.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Northern America

In 2023, overseas shipments of broad beans and horse beans (dry) decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports reduced notably to $X in 2023. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Canada represented the largest exporter of broad beans and horse beans (dry) in Northern America, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United States (X tons), achieving a X% share of total exports.

Canada was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of X% from 2012 to 2023. At the same time, the United States (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest broad bean and horse bean supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Canada totaled X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated mild growth 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 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Broad Beans And Horse Beans (Dry)

Imports in Northern America

In 2023, imports of broad beans and horse beans (dry) in Northern America declined notably to X tons, waning by X% compared with the year before. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports rose to $X in 2023. Total imports indicated a notable expansion 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, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

The United States was the major importer of broad beans and horse beans (dry) in Northern America, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), making up a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to broad bean and horse bean imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, broad bean and horse bean imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform