Peru: Dry Bean Market 2025

Dry Bean Market Size in Peru

The Peruvian dry bean market expanded slightly to $X in 2022, rising by 3.6% against the previous year. Over the period under review, consumption showed a mild contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Dry Bean Production in Peru

In value terms, dry bean production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average dry bean yield in Peru reduced modestly to X tons per ha, with a decrease of -2.2% on the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 5.1%. Over the period under review, the average dry bean yield reached the peak level at X tons per ha in 2021, and then shrank 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, approx. X ha of beans (dry) were harvested in Peru; which is down by -3.7% against the previous year's figure. In general, the harvested area recorded a perceptible descent. The growth pace was the most rapid in 2021 when the harvested area increased by 8%. The dry bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Dry Bean Exports

Exports from Peru

In 2022, the amount of beans (dry) exported from Peru declined to X tons, falling by -14.4% on 2021 figures. Over the period under review, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 95% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dry bean exports fell to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The United States (X tons), South Korea (X tons) and Colombia (X tons) were the main destinations of dry bean exports from Peru, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +180.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Colombia ($X) were the largest markets for dry bean exported from Peru worldwide, together accounting for 61% of total exports.

South Korea, with a CAGR of +189.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dry bean export price stood at $X per ton in 2022, surging by 9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2014 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Bean Imports

Imports into Peru

In 2022, approx. X tons of beans (dry) were imported into Peru; waning by -14.9% compared with the year before. Overall, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2015 when imports increased by 474% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, dry bean imports fell remarkably to $X in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 432%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Bolivia (X tons) constituted the largest dry bean supplier to Peru, with a 75% share of total imports. Moreover, dry bean imports from Bolivia exceeded the figures recorded by the second-largest supplier, the United States (X tons), tenfold. Argentina (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bolivia amounted to +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.2% per year) and Argentina (+0.8% per year).

In value terms, Bolivia ($X) constituted the largest supplier of beans (dry) to Peru, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Mexico, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bolivia totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.4% per year) and Mexico (-11.7% per year).

Import Prices by Country

The average dry bean import price stood at $X per ton in 2022, with a decrease of -10.9% against the previous year. In general, the import price showed a slight descent. The pace of growth was the most pronounced in 2021 an increase of 28%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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