MERCOSUR: Market for Broad Beans And Horse Beans (Dry) 2024

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

The MERCOSUR market for broad beans and horse beans (dry) reduced to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, broad bean and horse bean production fell to $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

The country with the largest volume of broad bean and horse bean production was Peru (X tons), accounting for X% 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. The third position in this ranking was held by Paraguay (X tons), with an X% share.

In Peru, broad bean and horse bean production expanded at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Paraguay (X% per year).

In 2023, the average yield of broad beans and horse beans (dry) in MERCOSUR stood at X tons per ha, stabilizing at the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the broad bean and horse bean harvested area in MERCOSUR reduced to X ha, waning by X% against the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2023, the harvested area failed to regain momentum.

Exports of Broad Beans And Horse Beans (Dry)

Exports in MERCOSUR

In 2023, approx. X tons of broad beans and horse beans (dry) were exported in MERCOSUR; dropping by X% on the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, broad bean and horse bean exports contracted to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports remained at a 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 experienced a relatively flat trend pattern with regard to volume of exports of broad beans and horse beans (dry). 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.

In Peru, broad bean and horse bean exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Peru amounted to X% per year.

Imports of Broad Beans And Horse Beans (Dry)

Imports in MERCOSUR

In 2023, broad bean and horse bean imports in MERCOSUR shrank to X tons, dropping by X% against 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, broad bean and horse bean imports dropped modestly to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.

Imports by Country

Ecuador prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Colombia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%).

Imports into Ecuador increased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Ecuador (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Colombia (X p.p.) displayed negative dynamics.

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

In Ecuador, broad bean and horse bean imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform