MERCOSUR: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in MERCOSUR

The MERCOSUR market for broad beans and horse beans (dry) expanded notably to $X in 2022, with an increase of 5.4% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Broad Beans And Horse Beans (Dry) in MERCOSUR

In value terms, broad bean and horse bean production expanded to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Peru (X tons) remains the largest broad bean and horse bean producing country in MERCOSUR, accounting for 60% of total volume. Moreover, broad bean and horse bean production in Peru exceeded the figures recorded by the second-largest producer, Argentina (X tons), fivefold. Paraguay (X tons) ranked third in terms of total production with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Peru amounted to +1.1%. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+0.7% per year) and Paraguay (+0.9% per year).

The average broad bean and horse bean yield totaled X tons per ha in 2022, therefore, remained relatively stable against the previous year's figure. The yield figure increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 6.9%. Over the period under review, the broad bean and horse bean yield attained the maximum level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of broad beans and horse beans (dry) production in MERCOSUR expanded modestly to X ha, increasing by 3.7% against 2021. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Broad Beans And Horse Beans (Dry)

Exports in MERCOSUR

In 2022, approx. X tons of broad beans and horse beans (dry) were exported in MERCOSUR; growing by 37% on the year before. Total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 77%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, broad bean and horse bean exports surged to $X in 2022. Overall, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 66% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of broad beans and horse beans (dry), namely Peru, represented more than two-thirds of total export.

Peru was also the fastest-growing in terms of the broad beans and horse beans (dry) exports, with a CAGR of +1.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) also remains the largest broad bean and horse bean supplier in MERCOSUR.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru totaled +2.7%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 an increase of 15%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +1.6% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in MERCOSUR

Broad bean and horse bean imports rose slightly to X tons in 2022, with an increase of 3.3% on 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 155%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, broad bean and horse bean imports reduced slightly to $X in 2022. Over the period under review, imports recorded noticeable growth. The pace of growth was the most pronounced in 2013 when imports increased by 150% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ecuador dominates imports structure, amounting to X tons, which was near 83% of total imports in 2022. Colombia (X tons) held an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by Chile (5.3%). Argentina (X tons) followed a long way behind the leaders.

Ecuador was also the fastest-growing in terms of the broad beans and horse beans (dry) imports, with a CAGR of +11.9% from 2012 to 2022. At the same time, Chile (+9.6%) displayed positive paces of growth. By contrast, Colombia (-3.8%) and Argentina (-7.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) constitutes the largest market for imported broad beans and horse beans (dry) in MERCOSUR, comprising 77% of total imports. The second position in the ranking was taken by Chile ($X), with an 11% share of total imports. It was followed by Colombia, with a 5.6% share.

In Ecuador, broad bean and horse bean imports expanded at an average annual rate of +5.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+10.6% per year) and Colombia (-4.7% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, dropping by -5.5% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform