Ecuador: Dry Bean Market 2025

Dry Bean Market Size in Ecuador

The Ecuadorian dry bean market dropped to $X in 2022, falling by -15% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Dry Bean Production in Ecuador

In value terms, dry bean production fell to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +48.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 62%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average dry bean yield in Ecuador amounted to X kg per ha, growing by 3.9% on the year before. Over the period under review, the yield indicated moderate growth from 2012 to 2022: its figure increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dry bean yield decreased by -5.8% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 45%. Over the period under review, the average dry bean yield hit record highs at X kg per ha in 2020; however, from 2021 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, approx. X ha of beans (dry) were harvested in Ecuador; with a decrease of -19.6% on 2021. Over the period under review, the harvested area continues to indicate a noticeable decrease. The growth pace was the most rapid in 2021 when the harvested area increased by 64% against the previous year. The dry bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Dry Bean Exports

Exports from Ecuador

In 2022, exports of beans (dry) from Ecuador declined to X tons, which is down by -6% compared with the year before. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 42%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, dry bean exports contracted to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 57%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for dry bean exports from Ecuador, accounting for a 96% share of total exports. It was followed by the United States (X tons), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled -4.8%.

In value terms, Colombia ($X) remains the key foreign market for beans (dry) exports from Ecuador, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to -5.5%.

Export Prices by Country

In 2022, the average dry bean export price amounted to $X per ton, with an increase of 4.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign 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 Colombia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+36.3%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Bean Imports

Imports into Ecuador

In 2022, purchases abroad of beans (dry) decreased by -40.7% to X tons, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 137%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dry bean imports contracted rapidly to $X in 2022. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by 164%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of dry bean to Ecuador, accounting for a 52% share of total imports. Moreover, dry bean imports from Peru exceeded the figures recorded by the second-largest supplier, Argentina (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru totaled -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+11.2% per year) and the United States (-11.2% per year).

In value terms, the largest dry bean suppliers to Ecuador were Peru ($X), the United States ($X) and Argentina ($X), with a combined 100% share of total imports.

Argentina, with a CAGR of +15.4%, 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 dry bean import price amounted to $X per ton, surging by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 an increase of 37%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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