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

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

In 2023, after three years of growth, there was significant decline in the Scandinavia market for broad beans and horse beans (dry), when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate strong growth. As a result, consumption reached the peak level of $X, and then shrank in the following year.

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

In value terms, broad bean and horse bean production dropped to $X in 2023 estimated in export price. In general, production recorded a pronounced downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

The country with the largest volume of broad bean and horse bean production was Sweden (X tons), accounting for X% of total volume. Moreover, broad bean and horse bean production in Sweden exceeded the figures recorded by the second-largest producer, Finland (X tons), fourfold.

From 2012 to 2023, the average annual growth rate of volume in Sweden was relatively modest.

The average broad bean and horse bean yield contracted notably to X tons per ha in 2023, with a decrease of X% on the previous year. The yield indicated a noticeable increase from 2012 to 2023: its figure 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, broad bean and horse bean yield increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the broad bean and horse bean yield hit record highs at X tons per ha in 2022, and then shrank markedly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of broad beans and horse beans (dry) were harvested in Scandinavia; waning by X% compared with the year before. In general, the harvested area showed a pronounced reduction. The most prominent rate of growth was recorded in 2022 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Scandinavia

In 2023, shipments abroad of broad beans and horse beans (dry) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports fell modestly to $X in 2023. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Sweden was the largest exporter of broad beans and horse beans (dry) in Scandinavia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Finland (X tons), achieving a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to broad bean and horse bean exports from Sweden stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest broad bean and horse bean supplying countries in Scandinavia were Sweden ($X) and Finland ($X).

Among the main exporting countries, Finland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

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

Imports of Broad Beans And Horse Beans (Dry)

Imports in Scandinavia

Broad bean and horse bean imports rose remarkably to X tons in 2023, surging by X% against 2022. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, broad bean and horse bean imports declined slightly to $X in 2023. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

The purchases of the one major importers of broad beans and horse beans (dry), namely Norway, represented more than two-thirds of total import.

Norway was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of X% from 2012 to 2023. The shares of the largest importers 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 Scandinavia.

In Norway, 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 Scandinavia stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2023, the rate of growth in terms of prices for Norway amounted to X% per year.

Source: IndexBox Platform