Latin America and the Caribbean: Pulses Market 2024

Pulses Market Size in Latin America and the Caribbean

The Latin American pulses market reached $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pulses Production in Latin America and the Caribbean

In value terms, pulses production reached $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Brazil (X tons) remains the largest pulses producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, pulses production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. The third position in this ranking was held by Argentina (X tons), with a X% share.

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

The average pulses yield stood at X tons per ha in 2022, standing approx. at 2021. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the pulses 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 pulses harvested area in Latin America and the Caribbean reduced slightly to X ha, approximately mirroring the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the pulses harvested area remained at a somewhat lower figure.

Pulses Exports

Exports in Latin America and the Caribbean

After two years of decline, overseas shipments of pulses increased by X% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, pulses exports shrank to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. 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

In 2022, Argentina (X tons) was the key exporter of pulses, making up X% of total exports. It was distantly followed by Brazil (X tons), Mexico (X tons) and Nicaragua (X tons), together constituting a X% share of total exports. Peru (X tons), Venezuela (X tons) and Bolivia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pulses exports from Argentina stood at X%. At the same time, Venezuela (X%), Brazil (X%) and Nicaragua (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Peru (X%), Mexico (X%) and Bolivia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Nicaragua and Venezuela increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest pulses supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by Nicaragua, with an X% share.

In Argentina, pulses exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Nicaragua (X%), while the other leaders experienced more modest paces of growth.

Pulses Imports

Imports in Latin America and the Caribbean

Pulses imports shrank markedly to X tons in 2022, dropping by X% compared with the previous year's figure. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pulses imports contracted to $X in 2022. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons), Brazil (X tons), Mexico (X tons), Cuba (X tons) and Peru (X tons) represented roughly X% of total imports in 2022. Venezuela (X tons) took the next position in the ranking, followed by Costa Rica (X tons). All these countries together held approx. X% share of total imports. The following importers - El Salvador (X tons), Guatemala (X tons), Chile (X tons), Ecuador (X tons), Honduras (X tons) and Haiti (X tons) - together made up X% of total imports.

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

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

Honduras, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Cuba ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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