Mexico: Dry Bean Market 2025

Dry Bean Market Size in Mexico

After two years of growth, the Mexican dry bean market decreased by -7.4% to $X in 2022. Over the period under review, consumption recorded a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Dry Bean Production in Mexico

In value terms, dry bean production expanded sharply to $X in 2022 estimated in export price. In general, production recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of beans (dry) in Mexico dropped to X kg per ha in 2022, which is down by -6.2% on the previous year's figure. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, the yield attained the peak level of X kg per ha, and then declined in the following year. 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 Mexico reduced modestly to X ha, with a decrease of -3.1% compared with the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. The dry bean harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Dry Bean Exports

Exports from Mexico

Dry bean exports from Mexico skyrocketed to X tons in 2022, increasing by 44% compared with the previous year's figure. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 165% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, dry bean exports surged to $X in 2022. In general, exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2017 with an increase of 171%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for dry bean exports from Mexico, accounting for a 74% share of total exports. Moreover, dry bean exports to the United States exceeded the volume sent to the second major destination, Cuba (X tons), fourfold. Guatemala (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+123.5% per year) and Guatemala (+28.9% per year).

In value terms, the United States ($X) remains the key foreign market for beans (dry) exports from Mexico, comprising 73% of total exports. The second position in the ranking was taken by Cuba ($X), with a 21% share of total exports. It was followed by Guatemala, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+121.6% per year) and Guatemala (+30.3% per year).

Export Prices by Country

In 2022, the average dry bean export price amounted to $X per ton, which is down by -16.3% against the previous year. Overall, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and Cuba ($X per ton), while the average price for exports to Guatemala ($X per ton) and Costa Rica ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Dry Bean Imports

Imports into Mexico

In 2022, after two years of growth, there was significant decline in supplies from abroad of beans (dry), when their volume decreased by -54.1% to X tons. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 58%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dry bean imports contracted markedly to $X in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 61% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main dry bean supplier to Mexico, accounting for a 97% share of total imports. It was followed by Canada (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-22.2% per year) and Argentina (-24.9% per year).

In value terms, the United States ($X) constituted the largest supplier of beans (dry) to Mexico, comprising 97% of total imports. The second position in the ranking was taken by Canada ($X), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-22.5% per year) and Argentina (-23.3% per year).

Import Prices by Country

In 2022, the average dry bean import price amounted to $X per ton, with an increase of 33% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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