U.S.: Bambara Bean Market 2023

Bambara Bean Market Size in the U.S.

The U.S. bambara bean market surged to $X in 2022, increasing by 81% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Bambara Bean Exports

Exports from the U.S.

In 2021, approx. X tons of bambara beans were exported from the United States; waning by -86.5% on 2020 figures. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2019 when exports increased by 126%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, bambara bean exports shrank dramatically to $X in 2021. Overall, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 141% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for bambara bean exports from the United States, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -19.4%.

In value terms, Canada ($X) emerged as the key foreign market for bambara beans exports from the United States.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -21.8%.

Export Prices by Country

In 2021, the average bambara bean export price amounted to $X per ton, growing by 37% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to +47.2% per year.

Bambara Bean Imports

Imports into the U.S.

In 2022, approx. X tons of bambara beans were imported into the United States; increasing by 83% on the year before. Overall, imports continue to indicate a measured increase. The growth pace was the most rapid in 2014 when imports increased by 396%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bambara bean imports skyrocketed to $X in 2022. In general, imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 156% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Peru (X tons), Canada (X tons) and Belize (X tons) were the main suppliers of bambara bean imports to the United States, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +62.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of bambara beans to the United States, comprising 59% of total imports. The second position in the ranking was taken by Belize ($X), with a 19% share of total imports. It was followed by Canada, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belize (+11.7% per year) and Canada (+47.1% per year).

Import Prices by Country

The average bambara bean import price stood at $X per ton in 2022, dropping by -8.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 137%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belize (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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