Dried shelled broad and horse beans market in Cyprus

Earlier Report Observations

The market volume for dried shelled broad and horse beans in Cyprus displayed considerable volatility from 2018 to 2023. It began at 426.5 tonnes in 2018 before falling sharply to 295.5 tonnes the following year, a decline of nearly 31%. This was followed by a steady recovery over the next two years, reaching 425.2 tonnes in 2021, nearly matching the initial level.

After a slight dip to 407.8 tonnes in 2022, the market volume rose to its highest point in the observed period at 459.1 tonnes in 2023. The overall movement shows a range of roughly 160 tonnes between the low in 2019 and the peak in 2023.

Production dried shelled broad and horse beans in Cyprus

In kind, 2017-2020, t

Top producers of dried shelled broad and horse beans, 2017-2020

World map of production of dried shelled broad and horse beans, 2017-2020

Cyprus's production of dried shelled broad and horse beans has declined for the second year in a row. In 2020, the country produced 190.0 t, which represents a 9.5% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 12.8%, with an average annual decline of 4.5%. The highest production level was recorded in 2018 at 230.0 t, which also saw the largest increase of 5.5%.

Annual dynamics of production in Cyprus in kind, 2017-2020, t

Exports dried shelled broad and horse beans from Cyprus

Exports in kind, t

In 2019, Cyprus exported 24.3 t of dried shelled broad and horse beans, showing a significant increase of 26.6% from the previous year. However, over the broader period from 2017 to 2019, exports decreased by 46.5%, translating to an average annual decline of 18.8%. The lowest export volume was in 2018 at 19.2 t, which also experienced the largest decline of 57.7%.

Annual dynamics of product's exports from Cyprus in kind, 2017-2020, t

From 2017 to 2020, Jordan consistently accounted for 82.9% of Cyprus's total exports in kind, highlighting a strong reliance on this market. The remaining share was distributed among other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Cyprus in kind, 2017-2020

Exports in value, K $ US

Cyprus's exports of dried shelled broad and horse beans in value terms declined for the second consecutive year. In 2019, exports amounted to 45.2 K $ US, reflecting a 5.9% decrease compared to the previous year. Over the period from 2017 to 2019, exports fell by 55.4%, with an average annual decline of 23.6%.

Annual dynamics of product's exports from Cyprus in value, 2017-2020, K $ US

Between 2017 and 2020, exports in value terms of dried shelled broad and horse beans from Cyprus were heavily concentrated on Jordan, which accounted for 78.3% of total flows. Other countries together made up the remaining share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Cyprus in value, 2017-2020

Imports dried shelled broad and horse beans to Cyprus

Imports in kind, t

In 2020, Cyprus imported 164.0 t of dried shelled broad and horse beans, marking a sharp increase of 49.5% from the previous year. However, over the period from 2017 to 2020, imports decreased by 16.9%, with an average annual decline of 6.0%. The lowest import volume was in 2019 at 109.7 t, while the highest was in 2018 at 215.7 t. The largest decline occurred in 2019, with a drop of 49.1%.

Annual dynamics of product's imports to Cyprus in kind, 2017-2020, t

From 2017 to 2020, Egypt and Greece were the dominant suppliers of dried shelled broad and horse beans to Cyprus, together accounting for 87.1% of total imports in kind. Other destinations each held relatively small shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Cyprus in kind, 2017-2020

Imports in value, K $ US

In 2020, Cyprus's imports of dried shelled broad and horse beans in value terms amounted to 218.0 K $ US, showing a sharp increase of 55.9% compared to 2019. Over the period from 2017 to 2020, imports decreased by 12.1%, with an average annual decline of 4.2%. The lowest value was recorded in 2019 at 139.8 K $ US, while the highest was in 2018 at 256.2 K $ US. The largest decline occurred in 2019, with a drop of 45.4%.

Annual dynamics of product's imports to Cyprus in value, 2017-2020, K $ US

Throughout 2017 to 2020, Egypt and Greece concentrated 84.7% of Cyprus's total imports in value terms. The remaining share was distributed among other destinations, each contributing smaller amounts.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Cyprus in value, 2017-2020