In 2023, the import value of dried shelled broad beans and horse beans to France stood at a significant baseline. Forecasts predict a gradual increase over the next five years, with values rising from $10.847 million in 2024 to $12.25 million in 2028. This trend indicates a steady year-on-year growth rate, highlighting an optimistic outlook for the market.
The Compound Annual Growth Rate (CAGR) over the forecast period suggests a moderate but consistent increase. Such growth implies a growing demand or potential price increases in the sector.
Future trends to watch:
- Global climatic conditions affecting production and supply.
- Changing consumer preferences towards plant-based and sustainable diets.
- Trade policies and potential tariffs influencing import costs.
- Technological advancements in agriculture boosting yield efficiencies.
