Central Asia: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Central Asia

In 2023, the Central Asian market for broad beans and horse beans (dry) increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in Central Asia

In value terms, broad bean and horse bean production shrank modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

The country with the largest volume of broad bean and horse bean production was Uzbekistan (X tons), comprising approx. X% of total volume.

From 2012 to 2023, the average annual growth rate of volume in Uzbekistan stood at X%.

The average broad bean and horse bean yield stood at X tons per ha in 2023, remaining constant against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the broad bean and horse bean yield attained the maximum level at X tons per ha in 2018; however, from 2019 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of broad beans and horse beans (dry) production in Central Asia dropped modestly to X ha, remaining relatively unchanged against 2022 figures. The harvested area 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 in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in Central Asia

Broad bean and horse bean exports soared to X tons in 2023, with an increase of X% on 2022 figures. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, broad bean and horse bean exports surged to $X in 2023. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Kazakhstan (X tons) was the main exporter of broad beans and horse beans (dry) in Central Asia, generating X% of total export.

Kazakhstan was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of X% from 2012 to 2023. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Kazakhstan, broad bean and horse bean exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2022 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Central Asia

In 2023, the amount of broad beans and horse beans (dry) imported in Central Asia skyrocketed to X tons, with an increase of X% against the previous year's figure. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, broad bean and horse bean imports surged to $X in 2023. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan dominates imports structure, finishing at X tons, which was near X% of total imports in 2023. Kyrgyzstan (X tons) took a little share of total imports.

Kazakhstan was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kyrgyzstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan stood at X%.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, recorded a mild curtailment. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%).

Source: IndexBox Platform