Dried shelled legumes market in Cyprus

Earlier Report Observations

The market for dried shelled legumes in Cyprus experienced significant annual fluctuations between 2018 and 2023, with the total volume oscillating within a range of roughly 4 000 to 4 800 t. After starting at 4 665 t in 2018, consumption dropped by over 12% the following year. This was followed by an 11% rebound in 2020, yet the market contracted again in 2021, nearly returning to the 2019 level.

A sharp upswing of more than 17% lifted the market to its peak of 4 798 t in 2022, marking the highest point in the observed period. However, this growth proved temporary, as volume receded by 7% in 2023 to 4 443 t. The overall trajectory was volatile, with no sustained directional trend established over the six-year span.

Domestic production of dried shelled legumes remained relatively steady, varying between 900 t and 1 060 t annually. In contrast, import volumes, which constitute the majority of the market supply, showed much wider swings, from 3 147 t to 3 920 t, and were the primary driver behind the overall market size movements during this period.

Production dried shelled legumes in Cyprus

In kind, 2017-2020, t

Top producers of dried shelled legumes, 2017-2020

World map of production of dried shelled legumes, 2017-2020

In 2019, Cyprus produced 940.0 t of dried shelled legumes, which remained relatively stable compared to the previous year. Production then decreased by 35.3% between 2017 and 2020, averaging an annual decline of 13.5%. The lowest production level was recorded in 2019 at 940.0 t, with the largest year-on-year drop occurring in 2018 at 27.0%.

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

Exports dried shelled legumes from Cyprus

Exports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Exports reached their lowest point in 2020 at 16 t, while peaking in 2019 at 99 t, representing a 6.2-fold difference between these years. In 2020, exports from Cyprus fell sharply by 83.8% compared to 2019. The largest increase was recorded in 2019 at 353.1%.

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

From 2017 to 2020, the main destinations for Cyprus's exports of dried shelled legumes were Jordan (39.6% of exports in kind), Greece (35.8%), and the United Arab Emirates (12.4%). Together, these three countries accounted for 87.7% of total export flows.

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

The data indicates irregular changes, pointing to a volatile market environment. Export values peaked in 2019 at 116 K $ US and dropped to their lowest in 2020 at 27 K $ US, a 4.4-fold decrease. In 2020, export values fell by 77.2% compared to 2019. The largest increase occurred in 2019 at 113.6%.

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

Between 2017 and 2020, the primary destinations for Cyprus's dried shelled legume exports in value terms were Jordan (49.4% of exports), Greece (24.9%), and Israel (9.7%). This group collectively represented 83.9% of total export flows.

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 legumes to Cyprus

Imports in kind, t

In 2020, Cyprus imported 3 617 t of dried shelled legumes, marking a significant increase of 11.8% compared to 2019. Over the period from 2017 to 2020, imports grew by 17.6%, with an average annual growth rate of 5.5%. The highest import volume was recorded in 2018 at 3 627 t, while the largest decline occurred in 2019 at 10.8%. The largest increase was in 2018 at 17.9%.

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

From 2017 to 2020, the main sources for Cyprus's imports of dried shelled legumes were Canada (28.4% of imports in kind), Greece (27.9%), and Argentina (12.5%). Together, these three countries accounted for 68.8% of total import flows.

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 legumes amounted to 3 992 K $ US, showing an uptick of 19.0% compared to 2019. The lowest import value was recorded in 2019 at 3 354 K $ US, while the highest was in 2018 at 4 245 K $ US. The largest decline occurred in 2019 at 21.0%.

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

Throughout 2017 to 2020, the key partners for Cyprus's imports of dried shelled legumes in value terms were Greece (35.2% of imports), Canada (20.2%), and Argentina (12.8%). This group jointly represented 68.1% of total import flows.

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

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