South Africa: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in South Africa

The South African market for broad beans and horse beans (dry) shrank rapidly to $X in 2023, declining by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in South Africa

In value terms, broad bean and horse bean production rose modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

The average yield of broad beans and horse beans (dry) in South Africa was estimated at less than X kg per ha in 2023, remaining stable against the previous year. In general, 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 South Africa; approximately equating the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Broad Beans And Horse Beans (Dry)

Exports from South Africa

After two years of decline, shipments abroad of broad beans and horse beans (dry) increased by X% to X tons in 2023. Over the period under review, exports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports surged to $X in 2023. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Swaziland (X tons) was the main destination for broad bean and horse bean exports from South Africa, accounting for a X% share of total exports. Moreover, broad bean and horse bean exports to Swaziland exceeded the volume sent to the second major destination, Lesotho (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume to Swaziland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Botswana (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to Swaziland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Botswana (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, growing by X% against the previous year. Over the period under review, the export price posted a measured expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Botswana ($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 Swaziland (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 South Africa

In 2023, imports of broad beans and horse beans (dry) into South Africa fell sharply to X tons, shrinking by X% compared with the previous year's figure. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, broad bean and horse bean imports contracted significantly to $X in 2023. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest broad bean and horse bean supplier to South Africa, with a X% share of total imports. Moreover, broad bean and horse bean imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

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

From 2012 to 2023, the average annual growth rate of value from Germany stood at X.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average import price for broad beans and horse beans (dry) amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, showed a notable expansion. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform