Colombia: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in Colombia

The Colombian market for broad beans and horse beans (dry) soared to $X in 2022, growing by 28% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in Colombia

In value terms, broad bean and horse bean production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average broad bean and horse bean yield in Colombia fell modestly to X tons per ha, which is down by -2.5% compared with the previous year's figure. Overall, the yield indicated a mild increase from 2012 to 2022: its figure increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broad bean and horse bean yield increased by +1.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. The broad bean and horse bean yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the 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.

In 2022, the total area harvested in terms of broad beans and horse beans (dry) production in Colombia surged to X ha, increasing by 62% on 2021. Over the period under review, the harvested area, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the broad bean and horse bean harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Colombia

In 2022, broad bean and horse bean exports from Colombia dropped slightly to X kg, reducing by -1.9% on the previous year's figure. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 196%. As a result, the exports attained the peak of X kg. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, broad bean and horse bean exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 194%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for broad bean and horse bean exports from Colombia, accounting for a 91% share of total exports. Moreover, broad bean and horse bean exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Aruba (-6.7% per year).

In value terms, the United States ($X) remains the key foreign market for broad beans and horse beans (dry) exports from Colombia, comprising 96% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Aruba (0.0% per year).

Export Prices by Country

In 2022, the average export price for broad beans and horse beans (dry) amounted to $X per ton, with an increase of 4% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broad bean and horse bean export price increased by +23.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 37%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+7.2%).

Imports of Broad Beans And Horse Beans (Dry)

Imports into Colombia

Broad bean and horse bean imports into Colombia skyrocketed to X tons in 2022, with an increase of 189% on 2021 figures. Overall, imports, however, recorded a pronounced setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, broad bean and horse bean imports rose markedly to $X in 2022. Over the period under review, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 10%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest broad bean and horse bean supplier to Colombia, accounting for a 82% share of total imports. Moreover, broad bean and horse bean imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.7% per year) and the United States (-36.7% per year).

In value terms, the largest broad bean and horse bean suppliers to Colombia were Canada ($X), Italy ($X) and the United States ($X), with a combined 100% share of total imports.

Canada, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for broad beans and horse beans (dry) amounted to $X per ton, falling by -62.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 133% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

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 Italy ($X per ton), while the price for Canada ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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