Latvia - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLatvia: Market for Broad Beans And Horse Beans (Dry) 2024
Market Size for Broad Beans And Horse Beans (Dry) in Latvia
The Latvian market for broad beans and horse beans (dry) shrank slightly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.
Production of Broad Beans And Horse Beans (Dry) in Latvia
In value terms, broad bean and horse bean production declined slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.
In 2023, the average yield of broad beans and horse beans (dry) in Latvia skyrocketed to X tons per ha, increasing by X% against the previous year's figure. In general, the yield enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The broad bean and horse bean yield peaked in 2023 and is likely to continue growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, the harvested area of broad beans and horse beans (dry) in Latvia soared to X ha, with an increase of X% against the previous year. Over the period under review, the harvested area, however, saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The broad bean and horse bean harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.
Exports of Broad Beans And Horse Beans (Dry)
Exports from Latvia
In 2023, overseas shipments of broad beans and horse beans (dry) were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.
In value terms, broad bean and horse bean exports skyrocketed to $X in 2023. Overall, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in years to come.
Exports by Country
Egypt (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of broad bean and horse bean exports from Latvia, together comprising X% of total exports. Germany, France, Denmark, Morocco and Norway lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Egypt ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest markets for broad bean and horse bean exported from Latvia worldwide, together comprising X% of total exports. Germany, Denmark, France, Morocco and Norway lagged somewhat behind, together accounting for a further X%.
Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average export price for broad beans and horse beans (dry) amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Broad Beans And Horse Beans (Dry)
Imports into Latvia
In 2023, the amount of broad beans and horse beans (dry) imported into Latvia stood at X tons, approximately equating the year before. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.
In value terms, broad bean and horse bean imports reduced to $X in 2023. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, Lithuania (X tons) constituted the largest broad bean and horse bean supplier to Latvia, accounting for a X% share of total imports. Moreover, broad bean and horse bean imports from Lithuania exceeded the figures recorded by the second-largest supplier, Estonia (X tons), sixfold.
From 2012 to 2023, the average annual growth rate of volume from Lithuania amounted to X%.
In value terms, Lithuania ($X) constituted the largest supplier of broad beans and horse beans (dry) to Latvia, comprising X% of total imports. The second position in the ranking was taken by Estonia ($X), with a X% share of total imports.
From 2012 to 2023, the average annual growth rate of value from Lithuania amounted to X%.
Import Prices by Country
In 2023, the average import price for broad beans and horse beans (dry) amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Estonia ($X per ton), while the price for Lithuania totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the market for broad bean and horse bean in Latvia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 181 - Broad beans, dry
Country coverage:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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