Market for Broad Bean And Horse Bean in Sweden
Market Overview
In 
, the Swedish market for broad beans and horse beans (dry) increased by % to $, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.
In value terms, broad bean and horse bean production rose rapidly to $ in estimated in export prices. Overall, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by % y-o-y. Over the period under review, production attained the peak level at $ in 2016; however, from 2017 to , production remained at a lower figure.
In, the average yield of broad beans and horse beans (dry) in Sweden contracted to tonnes per ha, with a decrease of -% compared with the previous year. Over the period under review, the yield indicated moderate growth from 2007 to : its figure increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, broad bean and horse bean yield increased by +% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of % year-to-year. Over the period under review, the average broad bean and horse bean yield attained the peak level at tonnes per ha in 2015; however, from 2016 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The broad bean and horse bean harvested area in Sweden expanded notably to ha in , growing by % on the previous year's figure. Overall, the harvested area recorded a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. The broad bean and horse bean harvested area peaked at ha in 2017; however, from 2018 to , the harvested area remained at a lower figure.
, the Swedish market for broad beans and horse beans (dry) increased by % to $, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.In value terms, broad bean and horse bean production rose rapidly to $
in estimated in export prices. Overall, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by % y-o-y. Over the period under review, production attained the peak level at $ in 2016; however, from 2017 to , production remained at a lower figure.In
, the average yield of broad beans and horse beans (dry) in Sweden contracted to tonnes per ha, with a decrease of -% compared with the previous year. Over the period under review, the yield indicated moderate growth from 2007 to : its figure increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, broad bean and horse bean yield increased by +% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of % year-to-year. Over the period under review, the average broad bean and horse bean yield attained the peak level at tonnes per ha in 2015; however, from 2016 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The broad bean and horse bean harvested area in Sweden expanded notably to
ha in , growing by % on the previous year's figure. Overall, the harvested area recorded a remarkable increase. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. The broad bean and horse bean harvested area peaked at ha in 2017; however, from 2018 to , the harvested area remained at a lower figure.Consumption
In , approx. tonnes of broad beans and horse beans (dry) were consumed in Sweden; leveling off at 2019 figures. Overall, consumption, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2009 with an increase of % against the previous year. Over the period under review, consumption attained the peak volume at tonnes in 2017; however, from 2018 to , consumption remained at a lower figure.
The size of the market for broad beans and horse beans (dry) in Sweden expanded significantly to $ in , increasing 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, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the market value increased by % y-o-y. Broad bean and horse bean consumption peaked at $ in 2016; however, from 2017 to , consumption remained at a lower figure.
, approx. tonnes of broad beans and horse beans (dry) were consumed in Sweden; leveling off at 2019 figures. Overall, consumption, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2009 with an increase of % against the previous year. Over the period under review, consumption attained the peak volume at tonnes in 2017; however, from 2018 to , consumption remained at a lower figure.The size of the market for broad beans and horse beans (dry) in Sweden expanded significantly to $
in , increasing 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, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the market value increased by % y-o-y. Broad bean and horse bean consumption peaked at $ in 2016; however, from 2017 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for broad bean and horse bean in Sweden, 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 .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of broad bean and horse bean in Sweden were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for broad bean and horse bean.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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