Market for Broad Bean And Horse Bean in Italy
In value terms, broad bean and horse bean production reduced to $ in estimated in export price. Overall, production, however, recorded modest growth. The pace of growth was the most pronounced in 2018 when the production volume increased by %. Broad bean and horse bean production peaked at $ in , and then contracted in the following year.
In , the average broad bean and horse bean yield in Italy was estimated at tons per ha, stabilizing at the previous year. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of %. Over the period under review, the average broad bean and horse bean yield hit record highs at tons per ha in 2012; however, from 2013 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 Italy dropped slightly to ha, leveling off at the previous year's figure. Overall, the total harvested area indicated a measured expansion from 2007 to : its figure increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, broad bean and horse bean harvested area increased by +% against 2014 indices. The most prominent rate of growth was recorded in 2016 when the harvested area increased by %. The broad bean and horse bean harvested area peaked at ha in , and then fell modestly in the following year.
The size of the market for broad beans and horse beans (dry) in Italy amounted to $ in , standing approx. at 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 recorded a relatively flat trend pattern. Broad bean and horse bean consumption peaked in and is likely to see steady growth in the immediate term.