U.S. - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDry Bean Price in the United States - 2023
Contents:
- Dry Bean Price in the United States (FOB) - 2023
- Dry Bean Price in the United States (CIF) - 2023
- Dry Bean Exports in the United States
- Dry Bean Imports in the United States
Dry Bean Price in the United States (FOB) - 2023
The average dry bean export price stood at $1,138 per ton in August 2023, approximately reflecting the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 9.5% month-to-month. The export price peaked at $1,324 per ton in February 2023; however, from March 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Colombia ($1,329 per ton), while the average price for exports to the UK ($667 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Dry Bean Price in the United States (CIF) - 2023
The average dry bean import price stood at $1,380 per ton in August 2023, remaining stable against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 8.2% month-to-month. The import price peaked at $1,420 per ton in June 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Nicaragua ($2,357 per ton), while the price for Canada ($1,049 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Nicaragua (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Bean Exports in the United States
In 2022, approx. 348K tons of beans (dry) were exported from the United States; shrinking by -17.2% against 2021. Over the period under review, exports continue to indicate a deep setback. The smallest decline of -1.6% was in 2020.
In value terms, dry bean exports dropped to $402M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 4.9% against the previous year.
| Export of Dry Bean in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 80.6 | 93.9 | 143 | 86.2 | 2.3% |
| Canada | 65.9 | 63.9 | 63.2 | 63.5 | -1.2% |
| Italy | 35.9 | 31.7 | 40.0 | 49.0 | 10.9% |
| Dominican Republic | 28.5 | 48.8 | 33.6 | 42.6 | 14.3% |
| United Kingdom | 17.9 | 20.8 | 17.2 | 20.3 | 4.3% |
| Costa Rica | 4.0 | 14.8 | 16.1 | 14.3 | 52.9% |
| Haiti | 13.2 | 23.3 | 9.5 | 9.6 | -10.1% |
| Australia | 7.3 | 8.2 | 7.4 | 7.8 | 2.2% |
| Guatemala | 2.2 | 2.9 | 3.5 | 7.8 | 52.5% |
| Japan | 9.8 | 6.7 | 4.5 | 7.7 | -7.7% |
| El Salvador | 2.6 | 3.6 | 2.6 | 4.4 | 19.2% |
| Others | 128 | 96.2 | 88.3 | 88.5 | -11.6% |
| Total | 395 | 415 | 429 | 402 | 0.6% |
Top Export Markets for Dry Bean from the United States in 2022:
- Mexico (75.3K tons)
- Canada (59.0K tons)
- Italy (41.1K tons)
- Dominican Republic (38.8K tons)
- United Kingdom (27.1K tons)
- Costa Rica (11.5K tons)
- Haiti (7.7K tons)
- Guatemala (7.2K tons)
- Australia (6.9K tons)
- Japan (6.4K tons)
- El Salvador (5.6K tons)
Dry Bean Imports in the United States
In 2022, approx. 205K tons of beans (dry) were imported into the United States; with an increase of 3.5% on the year before. The total import volume increased at an average annual rate of +11.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 47% against the previous year. As a result, imports attained the peak of 215K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, dry bean imports rose remarkably to $270M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Dry Bean in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 58.3 | 97.6 | 93.9 | 110 | 23.6% |
| Mexico | 15.2 | 34.8 | 26.8 | 27.7 | 22.1% |
| Nicaragua | 15.5 | 24.1 | 17.9 | 27.5 | 21.1% |
| China | 21.6 | 22.1 | 23.7 | 21.0 | -0.9% |
| India | 11.9 | 19.6 | 17.8 | 18.8 | 16.5% |
| Peru | 7.1 | 6.6 | 15.4 | 17.2 | 34.3% |
| Thailand | 7.5 | 8.8 | 14.3 | 14.2 | 23.7% |
| Others | 25.1 | 44.2 | 38.9 | 34.5 | 11.2% |
| Total | 162 | 258 | 249 | 270 | 18.6% |
Top Suppliers of Dry Bean to the United States in 2022:
- Canada (101.5K tons)
- Mexico (21.4K tons)
- Nicaragua (17.7K tons)
- India (12.0K tons)
- Peru (10.7K tons)
- China (10.1K tons)
- Thailand (9.0K tons)
This report provides an in-depth analysis of the dry bean market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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Dry Bean exports decreased to $40M in July 2023 in terms of value.
310
As of July 2023, the price of pigeon peas amounted to $1,742 per ton (CIF, US), showing a 1.9% increase compared to the previous month.
372
In July 2022, the pulses price per ton amounted to $996, surging by 2.2% against the previous month.
420
The pulses price per ton stood at $1,025 (FOB, US) in May 2022, remaining stable against the previous month.
311
In June 2023, the price of dry peas reached $685 per ton (FOB, US), experiencing a decrease of -4.9% compared to the previous month.
661
In June 2022, the lentil price per tonamounted to $924 per ton, reducing by -4.4% against the previous month.
1155
The average export lentil price per ton stood at $892 in Apr 2022, reducing by -8.6% against the previous month.
276
In November 2022, the cow peas price stood at $1,087 per ton (FOB, US), approximately reflecting the previous month.
421
In August 2022, the chick peas price per ton amounted to $952.1 (FOB, US), falling by -10% against the previous month.
407
In value terms, fresh chicken cut exports declined to $67M in April 2023.
