Latin America and the Caribbean: Pulses Market 2024

Pulses Market Size in Latin America and the Caribbean

The Latin American pulses market reached $X in 2022, remaining relatively unchanged against the previous year. In general, consumption recorded a mild contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pulses Production in Latin America and the Caribbean

In value terms, pulses production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of pulses production was Brazil (X tons), comprising approx. X% of total volume. Moreover, pulses production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

In Brazil, pulses production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mexico (X% per year) and Argentina (X% per year).

In 2022, the average yield of pulses in Latin America and the Caribbean amounted to X tons per ha, therefore, remained relatively stable against the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the pulses yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The pulses harvested area reduced to X ha in 2022, standing approx. at 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the pulses harvested area remained at a somewhat lower figure.

Pulses Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of pulses were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pulses exports dropped to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina was the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Brazil (X tons), Mexico (X tons) and Nicaragua (X tons), together generating a X% share of total exports. Peru (X tons), Venezuela (X tons) and Bolivia (X tons) took a minor share of total exports.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2022. At the same time, Venezuela (X%), Brazil (X%) and Nicaragua (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Bolivia (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Nicaragua (X p.p.) and Venezuela (X p.p.) significantly strengthened its position in terms of the total exports, while Bolivia and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest pulses supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with an X% share of total exports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Nicaragua (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a mild decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (X%), while the other leaders experienced more modest paces of growth.

Pulses Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of pulses were imported in Latin America and the Caribbean; with a decrease of X% against 2021. In general, imports recorded a noticeable contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pulses imports shrank slightly to $X in 2022. Overall, imports saw a noticeable decline. The growth pace was the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Colombia (X tons), Brazil (X tons), Mexico (X tons), Peru (X tons), Cuba (X tons), Venezuela (X tons), Costa Rica (X tons), El Salvador (X tons), Guatemala (X tons), Chile (X tons), Ecuador (X tons) and Honduras (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Mexico ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Peru, Costa Rica, Guatemala, Venezuela, El Salvador, Cuba, Ecuador, Chile and Honduras lagged somewhat behind, together comprising a further X%.

Honduras, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Cuba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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