Market for Broad Bean And Horse Bean in Greece
Market Overview
The Greek market for broad beans and horse beans (dry) contracted to $
in , which is down 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). In general, consumption, however, saw a mild expansion. The growth pace was the most rapid in 2018 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2019 to , the growth of the market failed to regain the momentum.
In value terms, broad bean and horse bean production shrank sharply to $ in estimated in export prices. Overall, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. As a result, production attained the peak level of $. from 2019 to , production growth remained at a lower figure.
The average yield of broad beans and horse beans (dry) in Greece skyrocketed to tonnes per ha in , jumping by % on 2019 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the average broad bean and horse bean yield hit record highs at tonnes per ha in 2018; however, from 2019 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of broad beans and horse beans (dry) production in Greece shrank notably to ha, with a decrease of -% on the previous year. In general, the harvested area, however, posted moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the maximum at ha in 2019, and then fell rapidly in the following year.
in , which is down 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). In general, consumption, however, saw a mild expansion. The growth pace was the most rapid in 2018 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2019 to , the growth of the market failed to regain the momentum.In value terms, broad bean and horse bean production shrank sharply to $
in estimated in export prices. Overall, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of % y-o-y. As a result, production attained the peak level of $. from 2019 to , production growth remained at a lower figure.The average yield of broad beans and horse beans (dry) in Greece skyrocketed to
tonnes per ha in , jumping by % on 2019 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, the average broad bean and horse bean yield hit record highs at tonnes per ha in 2018; however, from 2019 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of broad beans and horse beans (dry) production in Greece shrank notably to ha, with a decrease of -% on the previous year. In general, the harvested area, however, posted moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the maximum at ha in 2019, and then fell rapidly in the following year.Consumption
In , the amount of broad beans and horse beans (dry) consumed in Greece reduced to tonnes, shrinking by -% compared with the year before. Overall, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, consumption attained the peak volume of tonnes. from 2019 to , the growth of the consumption remained at a somewhat lower figure.
The size of the market for broad beans and horse beans (dry) in Greece declined to $ in , waning 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, however, showed mild growth. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2019 to , the growth of the market remained at a somewhat lower figure.
, the amount of broad beans and horse beans (dry) consumed in Greece reduced to tonnes, shrinking by -% compared with the year before. Overall, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, consumption attained the peak volume of tonnes. from 2019 to , the growth of the consumption remained at a somewhat lower figure.The size of the market for broad beans and horse beans (dry) in Greece declined to $
in , waning 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, however, showed mild growth. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2019 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for broad bean and horse bean in Greece, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, 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 .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Greece 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.
. 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.
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