Colombia - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in Colombia - 2022
Contents:
- Dry Bean Price in Colombia (CIF) - 2022
- Dry Bean Price in Colombia (FOB) - 2022
- Dry Bean Imports in Colombia
- Dry Bean Exports in Colombia
Dry Bean Price in Colombia (CIF) - 2022
In February 2022, the average dry bean import price amounted to $1,270 per ton, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in January 2022 when the average import price increased by 9.8% month-to-month. As a result, import price reached the peak level of $1,279 per ton, leveling off in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,899 per ton), while the price for Peru ($1,039 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Bean Price in Colombia (FOB) - 2022
In 2022, the average dry bean export price amounted to $2,716 per ton, with an increase of 36% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($3,915 per ton), while the average price for exports to Costa Rica ($1,306 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+48.3%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Bean Imports in Colombia
In 2022, after two years of decline, there was significant growth in purchases abroad of beans (dry), when their volume increased by 134% to 53K tons. Overall, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, dry bean imports surged to $72M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Dry Bean in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 7.1 | 9.1 | 4.8 | 28.7 | 59.3% |
| Ecuador | 5.3 | 8.3 | 8.3 | 17.4 | 48.6% |
| Bolivia | 3.9 | 4.5 | 4.5 | 9.4 | 34.1% |
| Peru | 6.9 | 2.9 | 2.5 | 8.8 | 8.4% |
| United States | 11.6 | 5.0 | 3.1 | 4.8 | -25.5% |
| Canada | 2.0 | 1.6 | 0.8 | 2.9 | 13.2% |
| Others | 0.2 | 0.2 | 1.3 | 0.2 | 0.0% |
| Total | 37.0 | 31.5 | 25.3 | 72.1 | 24.9% |
Top Suppliers of Dry Bean to Colombia in 2022:
- Argentina (25.7K tons)
- Ecuador (7.7K tons)
- Peru (7.3K tons)
- Bolivia (7.2K tons)
- United States (3.3K tons)
- Canada (2.2K tons)
Dry Bean Exports in Colombia
In 2022, overseas shipments of beans (dry) decreased by -9% to 905 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. As a result, the exports reached the peak of 995 tons, and then shrank in the following year.
In value terms, dry bean exports soared to $2.5M in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Dry Bean in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 972 | 1,316 | 858 | 2,052 | 28.3% |
| Spain | 60.7 | 76.9 | 113 | 133 | 29.9% |
| Costa Rica | N/A | 57.7 | N/A | 131 | 50.7% |
| Curacao | N/A | N/A | N/A | 79.0 | 0% |
| Dominican Republic | N/A | N/A | 723 | N/A | 0% |
| Others | 162 | 155 | 298 | 64.3 | -26.5% |
| Total | 1,195 | 1,605 | 1,993 | 2,459 | 27.2% |
Top Export Markets for Dry Bean from Colombia in 2022:
- United States (699.3 tons)
- Costa Rica (100.0 tons)
- Curacao (44.7 tons)
- Spain (34.0 tons)
This report provides an in-depth analysis of the dry bean market in Colombia. 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 176 - Beans, dry
- FCL 203 - Bambara beans
- FCL 195 - Cow peas, dry
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
-
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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The global market for dry beans has seen significant growth over the years, with several countries emerging as key importers. In this article, we will explore the top five import markets for dry beans, providing key statistics and insights into their import values. The data used in this article is sourced from the IndexBox market intelligence platform. India tops the list of the world's best import markets for dry beans. China comes in a close second. The United States holds the third position. Pakistan ranks fourth. Japan is another important importer. These countries rely on imports to meet their domestic demand for dry beans, driven by factors such as population growth, changing dietary preferences, and limited domestic production. The data used in this article was sourced from the IndexBox market intelligence platform, a reliable source for market statistics and insights.
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