Latin America and the Caribbean: Market for Broad Beans And Horse Beans (Dry) 2024

Market Size for Broad Beans And Horse Beans (Dry) in Latin America and the Caribbean

The Latin American market for broad beans and horse beans (dry) totaled $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in Latin America and the Caribbean

In value terms, broad bean and horse bean production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of broad bean and horse bean production was Peru (X tons), comprising approx. X% of total volume. Moreover, broad bean and horse bean production in Peru exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. Guatemala (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Peru stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Mexico (X% per year) and Guatemala (X% per year).

In 2022, the average broad bean and horse bean yield in Latin America and the Caribbean amounted to X tons per ha, leveling off at the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The broad bean and horse bean harvested area expanded slightly to X ha in 2022, with an increase of X% against 2021 figures. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to broad bean and horse bean production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Exports of Broad Beans And Horse Beans (Dry)

Exports in Latin America and the Caribbean

Broad bean and horse bean exports rose to X tons in 2022, picking up by X% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, broad bean and horse bean exports amounted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Peru (X tons) was the main exporter of broad beans and horse beans (dry), generating X% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Bolivia (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to broad bean and horse bean exports from Peru stood at X%. At the same time, Mexico (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bolivia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (X p.p.) and Bolivia (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest broad bean and horse bean supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

In Peru, broad bean and horse bean exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Bolivia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Imports of Broad Beans And Horse Beans (Dry)

Imports in Latin America and the Caribbean

In 2022, after four years of growth, there was significant decline in purchases abroad of broad beans and horse beans (dry), when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then plummeted in the following year.

In value terms, broad bean and horse bean imports declined notably to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ecuador represented the largest importer of broad beans and horse beans (dry) in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Mexico (X tons) ranks second in terms of the total imports with a X% share, followed by Jamaica (X%) and the Dominican Republic (X%). The following importers - Colombia (X tons), Chile (X tons) and Panama (X tons) - together made up X% of total imports.

Ecuador was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of X% from 2012 to 2022. At the same time, Chile (X%) and the Dominican Republic (X%) displayed positive paces of growth. By contrast, Jamaica (X%), Colombia (X%), Panama (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Ecuador (X p.p.), the Dominican Republic (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Panama (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) constitutes the largest market for imported broad beans and horse beans (dry) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Jamaica ($X), with an X% share of total imports. It was followed by the Dominican Republic, with a X% share.

In Ecuador, broad bean and horse bean imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jamaica (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform