Latin America and the Caribbean: Bambara Bean Market 2025

Bambara Bean Market Size in Latin America and the Caribbean

The Latin American bambara bean market contracted to $X in 2022, declining by -8.1% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Bambara Bean Production in Latin America and the Caribbean

In value terms, bambara bean production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Peru (X tons), Argentina (X tons) and Brazil (X tons), with a combined 86% share of total production. Honduras, Bolivia and Guatemala lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +1.5%), while production for the other leaders experienced more modest paces of growth.

Bambara Bean Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of bambara beans increased by 7.7% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 167% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bambara bean exports soared to $X in 2022. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 286%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Argentina (X tons) was the main exporter of bambara beans, making up 56% of total exports. Brazil (X tons) took a 32% share (based on physical terms) of total exports, which put it in second place, followed by Honduras (5.9%) and Guatemala (5%).

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +88.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Honduras ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 96% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +88.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 43% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bambara bean export price increased by +43.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 60%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Bambara Bean Imports

Imports in Latin America and the Caribbean

In 2022, the amount of bambara beans imported in Latin America and the Caribbean soared to X tons, growing by 81% compared with the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 246%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, bambara bean imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 288%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the Dominican Republic (X tons) represented the key importer of bambara beans, generating 46% of total imports. El Salvador (X tons) took the second position in the ranking, distantly followed by Venezuela (X tons) and Mexico (X tons). All these countries together held near 49% share of total imports. Suriname (X tons) and Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +101.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Venezuela ($X) and El Salvador ($X) were the countries with the highest levels of imports in 2022, with a combined 94% share of total imports.

Venezuela, with a CAGR of +104.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by -7.4% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 73% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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