Latin America and the Caribbean: Dry Bean Market 2025

Dry Bean Market Size in Latin America and the Caribbean

The Latin American dry bean market shrank modestly to $X in 2022, remaining stable against the previous year. Overall, consumption saw a mild downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Dry Bean Production in Latin America and the Caribbean

In value terms, dry bean production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of dry bean production was Brazil (X tons), accounting for 48% of total volume. Moreover, dry bean production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), threefold. The third position in this ranking was taken by Argentina (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume in Brazil was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+0.8% per year) and Argentina (+3.6% per year).

The average dry bean yield declined to X kg per ha in 2022, leveling off at 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 9.2% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2020 to 2022, the growth of the dry bean 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 dry bean harvested area in Latin America and the Caribbean declined modestly to X ha, therefore, remained relatively stable against 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 8.9%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the dry bean harvested area remained at a somewhat lower figure.

Dry Bean Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of beans (dry) decreased by -7.3% to X tons for the first time since 2016, thus ending a five-year rising trend. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 62%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, dry bean exports declined to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 62% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Argentina (X tons) was the major exporter of beans (dry), achieving 55% of total exports. Brazil (X tons) ranks second in terms of the total exports with an 18% share, followed by Nicaragua (12%). Mexico (X tons), Peru (X tons), Bolivia (X tons) and Venezuela (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, Venezuela (+36.2%), Brazil (+12.1%), Mexico (+6.8%) and Nicaragua (+5.9%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +36.2% from 2012-2022. By contrast, Peru (-2.8%) and Bolivia (-6.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Nicaragua and Venezuela increased by +10, +3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest dry bean supplier in Latin America and the Caribbean, comprising 45% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 16% share of total exports. It was followed by Brazil, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Argentina amounted to -1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Nicaragua (+8.2% per year) and Brazil (+12.4% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by -6.5% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The growth pace was the most rapid in 2020 an increase of 9.9% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Dry Bean Imports

Imports in Latin America and the Caribbean

In 2022, dry bean imports in Latin America and the Caribbean declined rapidly to X tons, shrinking by -25.6% compared with the previous year. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 48%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dry bean imports contracted sharply to $X in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 56%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 38% of total imports in 2022. It was distantly followed by Costa Rica (X tons), Colombia (X tons), El Salvador (X tons), Guatemala (X tons), Venezuela (X tons) and Honduras (X tons), together comprising a 47% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Honduras (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Costa Rica ($X) constituted the countries with the highest levels of imports in 2022, together comprising 49% of total imports. Colombia, El Salvador, Guatemala, Honduras and Venezuela lagged somewhat behind, together comprising a further 35%.

In terms of the main importing countries, Honduras, with a CAGR of +25.1%, recorded the highest growth rate of the value of imports, 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, picking up by 6.8% 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 2020 when the import price increased by 13% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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