Market for Broad Bean And Horse Bean in Algeria

The Algerian market for broad beans and horse beans (dry) skyrocketed to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, broad bean and horse bean production soared to $ in estimated in export prices. Over the period under review, production showed buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by % year-to-year. Broad bean and horse bean production peaked in and is expected to retain growth in years to come.

The average yield of broad beans and horse beans (dry) in Algeria rose to tonnes per ha in , increasing by % against 2019. The yield figure increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the yield increased by % year-to-year. Over the period under review, the average broad bean and horse bean yield attained the peak level in and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In , the broad bean and horse bean harvested area in Algeria totaled ha, surging by % on the previous year's figure. The harvested area increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the harvested area increased by % against the previous year. The broad bean and horse bean harvested area peaked in and is expected to retain growth in the immediate term.

In , broad bean and horse bean consumption in Algeria reached tonnes, growing by % on the previous year. Overall, the total consumption indicated a noticeable increase from 2007 to : its volume increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. The growth pace was the most rapid in 2009 with an increase of % against the previous year. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in years to come.

The size of the market for broad beans and horse beans (dry) in Algeria soared to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Driven by increasing demand for broad bean and horse bean in Algeria, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .

Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Algeria domestic supply is expected to continue its growth.

Algeria remains a net importer of broad bean and horse bean; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.