MERCOSUR: Bambara Bean Market 2025

Bambara Bean Market Size in MERCOSUR

The MERCOSUR bambara bean market shrank to $X in 2022, which is down by -14.9% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Bambara Bean Production in MERCOSUR

In value terms, bambara bean production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 16% against the previous year. As a result, production reached 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 99.9% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Peru (with a CAGR of +0.9%), while production for the other leaders experienced more modest paces of growth.

Bambara Bean Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in shipments abroad of bambara beans, which increased by 3.5% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 225% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, bambara bean exports surged to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 331% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Argentina (X tons) was the largest exporter of bambara beans, creating 63% of total exports. It was distantly followed by Brazil (X tons), constituting a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +83.8%).

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

Among 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.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 51% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +53.8% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 76% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%).

Bambara Bean Imports

Imports in MERCOSUR

In 2022, approx. X tons of bambara beans were imported in MERCOSUR; declining by -45.2% on the previous year's figure. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 817%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, bambara bean imports declined remarkably to $X in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 831% against the previous year. The level of import peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Venezuela (X tons) represented the largest importer of bambara beans, generating 75% of total imports. It was distantly followed by Suriname (X tons) and Chile (X tons), together generating a 25% share of total imports.

Venezuela was also the fastest-growing in terms of the bambara beans imports, with a CAGR of +101.8% from 2012 to 2022. At the same time, Chile (+31.2%) and Suriname (+1.5%) displayed positive paces of growth. While the share of Venezuela (+75 p.p.) and Chile (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Suriname (-80 p.p.) displayed negative dynamics.

In value terms, Venezuela ($X) constitutes the largest market for imported bambara beans in MERCOSUR, comprising 90% of total imports. The second position in the ranking was held by Suriname ($X), with an 8.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Venezuela amounted to +104.3%. In the other countries, the average annual rates were as follows: Suriname (+2.3% per year) and Chile (-2.1% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by 7.6% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the import price increased by 67%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 Venezuela (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform