Mexico: Bambara Bean Market Overview 2021

Bambara Bean Market Size in Mexico

For the seventh consecutive year, the Mexican bambara bean market recorded decline in sales value, which decreased by -X% to $X in 2019. Over the period under review, consumption showed a sharp descent. The growth pace was the most rapid in 2018 with a decrease of -X% year-to-year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Bambara Bean Exports

Exports from Mexico

In 2019, shipments abroad of bambara beans increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the near future.

In value terms, bambara bean exports soared to $X in 2019. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

The U.S. (X tonnes) was the main destination for bambara bean exports from Mexico, accounting for a X% share of total exports. Moreover, bambara bean exports to the U.S. exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2012 to 2019, the average annual growth rate of volume to the U.S. amounted to +X%.

In value terms, the U.S. ($X) emerged as the key foreign market for bambara bean exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to the U.S. totaled +X%.

Export Prices by Country

In 2019, the average bambara bean export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to the U.S. totaled $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Bambara Bean Imports

Imports into Mexico

In 2019, approx. X tonnes of bambara beans were imported into Mexico; shrinking by -X% against the previous year's figure. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, bambara bean imports shrank to $X in 2019. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main bambara bean supplier to Mexico, with a approx. X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from the U.S. amounted to -X%.

In value terms, the U.S. ($X) constituted the largest supplier of bambara bean to Mexico.

From 2012 to 2019, the average annual growth rate of value from the U.S. amounted to -X%.

Import Prices by Country

In 2019, the average bambara bean import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure in 2019 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2012 to 2019, the rate of growth in terms of prices for the U.S. amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bambara beans in the world?

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The countries with the highest volumes of bambara bean consumption in 2019 were Burkina Faso (58K tonnes), Cameroon (51K tonnes) and Niger (45K tonnes), with a combined 65% share of global consumption. Mali, Togo, Zimbabwe and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 31%.

What are the largest producers of bambara beans in the world?

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The countries with the highest volumes of bambara bean production in 2019 were Burkina Faso (58K tonnes), Cameroon (51K tonnes) and Niger (45K tonnes), with a combined 63% share of global production. Mali, Togo, Zimbabwe and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 30%.

What are the leading suppliers of bambara beans to Mexico?

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In value terms, the U.S. ($3.2K) constituted the largest supplier of bambara bean to Mexico.

What are the leading importers of bambara beans from Mexico?

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In value terms, the U.S. ($1.8K) emerged as the key foreign market for bambara bean exports from Mexico, comprising 69% of total exports. The second position in the ranking was occupied by Canada ($717), with a 27% share of total exports.

What is the average export price for bambara beans in Mexico?

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The average bambara bean export price stood at $674 per tonne in 2019, shrinking by -23.2% against the previous year.

What is the average import price for bambara beans in Mexico?

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In 2019, the average bambara bean import price amounted to $667 per tonne, leveling off at the previous year.