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

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

After two years of growth, the Slovak market for broad beans and horse beans (dry) decreased by X% to $X in 2023. Over the period under review, consumption faced a precipitous setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

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

In value terms, broad bean and horse bean production soared to $X in 2023 estimated in export price. Over the period under review, production saw a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

In 2023, the average broad bean and horse bean yield in Slovakia contracted significantly to X kg per ha, which is down by X% against the year before. In general, the yield faced a abrupt downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. The broad bean and horse bean yield peaked at X tons per ha in 2013; however, from 2014 to 2023, the yield failed to regain momentum. 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 Slovakia; with an increase of X% on the previous year's figure. Overall, the harvested area enjoyed a mild increase. Over the period under review, the harvested area dedicated to broad bean and horse bean production reached the peak figure at X ha in 2015; however, from 2016 to 2023, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Slovakia

In 2023, overseas shipments of broad beans and horse beans (dry) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum 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 soared to $X in 2023. Overall, exports recorded a significant expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for broad bean and horse bean exports from Slovakia, with a X% share of total exports. Moreover, broad bean and horse bean exports to Switzerland exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Romania (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for broad beans and horse beans (dry) exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Romania (X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Romania ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Slovakia

In 2023, supplies from abroad of broad beans and horse beans (dry) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, broad bean and horse bean imports reduced sharply to $X in 2023. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons) and Italy (X tons) were the main suppliers of broad bean and horse bean imports to Slovakia.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%).

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

From 2012 to 2023, the average annual growth rate of value from Italy stood at X%.

Import Prices by Country

In 2023, the average import price for broad beans and horse beans (dry) amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Czech Republic stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform