Latin America and the Caribbean: Dry Bean Market 2020

Dry Bean Market Size in Latin America and the Caribbean

The revenue of the dry bean market in Latin America and the Caribbean amounted to $X in 2017, coming up by X% against the previous year. The total market indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dry bean consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. The level of dry bean consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Dry Bean Production in Latin America and the Caribbean

The dry bean production totaled X tons in 2017, approximately equating the previous year. The dry bean production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. The volume of dry bean production peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level. The general negative trend in terms of dry bean output was largely conditioned by a relatively flat trend pattern of the harvested area and a mild increase in yield figures.

Brazil (X tons) remains the largest dry bean producing country in Latin America and the Caribbean, accounting for X% of total production. Moreover, dry bean production in Brazil exceeded the figures recorded by the world's second largest producer, Mexico (X tons), twofold. The third position in this ranking was occupied by Guatemala (X tons), with a X% share.

In Brazil, dry bean production decreased by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Guatemala (+X% per year).

The average dry bean yield stood at X kg per ha in 2017, approximately mirroring the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. The level of dry bean yield peaked of X kg per ha in 2013; however, from 2014 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of beans (dry) were harvested in Latin America and the Caribbean; approximately reflecting the previous year. The dry bean harvested area continues to indicate a mild slump. The pace of growth was the most pronounced in 2014, when harvested area increased by X% against the previous year. The figure of dry bean harvested area peaked of X ha in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Dry Bean Exports in Latin America and the Caribbean

In 2017, approx. X tons of beans (dry) were exported in Latin America and the Caribbean; declining by -X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014, when exports increased by X% year-to-year. Over the period under review, the dry bean exports reached its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, dry bean exports amounted to $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the dry bean exports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Dry Bean Exports by Country in Latin America and the Caribbean

In 2017, Argentina (X tons) was the key exporter for beans (dry), constituting X% of total exports. It was distantly followed by Brazil (X tons), Mexico (X tons) and Nicaragua (X tons), together making up X% share of total exports. Peru (X tons) and Bolivia (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of +X% from 2007 to 2017. At the same time, Brazil (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Nicaragua (-X%), Peru (-X%) and Bolivia (-X%) illustrated a downward trend over the same period. Bolivia (X%) and Peru (X%) significantly strengthened its position in terms of the global exports, while Mexico, Argentina and Brazil saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest dry bean supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Nicaragua ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina amounted to +X%. In the other countries, the average annual rates were as follows: Nicaragua (+X% per year) and Mexico (+X% per year).

Dry Bean Export Prices by Country in Latin America and the Caribbean

In 2017, the dry bean export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, an increase of X% y-o-y. The level of export price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Nicaragua ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Nicaragua (+X% per year), while the other leaders experienced more modest paces of growth.

Dry Bean Imports in Latin America and the Caribbean

In 2017, the amount of beans (dry) imported in Latin America and the Caribbean stood at X tons, declining by -X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016, when imports increased by X% year-to-year. Over the period under review, the dry bean imports reached its peak figure volume of X tons in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, dry bean imports totaled $X in 2017. The total imports indicated a significant growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dry bean imports increased by +X% against 2015 indices. The level of imports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Dry Bean Imports by Country in Latin America and the Caribbean

Mexico (X tons) and Brazil (X tons) represented roughly X% of total imports of beans (dry) in 2017. Venezuela (X tons) ranks second in terms of the global imports with a X% share, followed by the Dominican Republic (X%), Colombia (X%), Costa Rica (X%) and El Salvador (X%). Guatemala (X tons) occupied the weak share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest dry bean markets worldwide were Mexico ($X), Brazil ($X) and Venezuela ($X), with a combined X% share of total imports.

In terms of the main importing countries , Brazil (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Dry Bean Import Prices by Country in Latin America and the Caribbean

The dry bean import price in Latin America and the Caribbean stood at $X per ton in 2017, leveling off at the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for beans (dry) reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Dominican Republic ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Costa Rica (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform