Dominican Republic: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in the Dominican Republic

The Dominican market for broad beans and horse beans (dry) rose sharply to $X in 2022, picking up by 8.4% against the previous year. In general, consumption, however, showed a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in the Dominican Republic

In value terms, broad bean and horse bean production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 106%. Broad bean and horse bean production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of broad beans and horse beans (dry) in the Dominican Republic reduced slightly to X tons per ha in 2022, almost unchanged from 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by 0.7%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of broad beans and horse beans (dry) in the Dominican Republic expanded modestly to X ha, surging by 3.6% compared with the previous year. Overall, the harvested area, however, showed a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of 7% against the previous year. The broad bean and horse bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports from the Dominican Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of broad beans and horse beans (dry), when their volume increased by 20% to X tons. Overall, exports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2015 when exports increased by 367%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, broad bean and horse bean exports reduced to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 420%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for broad bean and horse bean exports from the Dominican Republic, with a 98% share of total exports. It was followed by Canada (X kg), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -4.8%.

In value terms, the United States ($X) remains the key foreign market for broad beans and horse beans (dry) exports from the Dominican Republic, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -10.7%.

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per ton in 2022, falling by -16.8% against the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2020 an increase of 68%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.1%).

Imports of Broad Beans And Horse Beans (Dry)

Imports into the Dominican Republic

In 2022, purchases abroad of broad beans and horse beans (dry) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a mild increase. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, broad bean and horse bean imports surged to $X in 2022. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of broad bean and horse bean to the Dominican Republic, accounting for a 72% share of total imports. Moreover, broad bean and horse bean imports from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Peru totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.9% per year) and Spain (+18.7% per year).

In value terms, Peru ($X) constituted the largest supplier of broad beans and horse beans (dry) to the Dominican Republic, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.4% per year) and Spain (+38.1% per year).

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, falling by -30.4% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 when the average import price increased by 49%. The import price peaked at $X per ton in 2021, and then declined 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 Spain ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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