Bran, sharps and residues from cereal or legume processing market in Honduras

Earlier Report Observations

The market volume for bran, sharps and residues from cereal or legume processing in Honduras showed notable fluctuations between 2018 and 2023. After starting at 72 006 t in 2018, it declined to 66 512 t in 2019, then saw a modest recovery to 67 755 t in 2020. A further decrease to 63 466 t occurred in 2021, followed by a sharp contraction to 46 836 t in 2022. The market rebounded strongly in 2023, reaching 70 945 t.

In 2023, the Honduran government established the State Policy for the Agri-Food Sector (2023-2043), which sets a framework for the sustainable development of the agricultural industry and could influence the production and management of milling residues. The same year, the Central Bank highlighted that agricultural products, including processed legumes, led national exports, underscoring the sector's economic importance.

Production bran, sharps and residues from cereal or legume processing in Honduras

In kind, 2017-2020, t

Top producers of bran, sharps and residues from cereal or legume processing, 2017-2020

World map of production of bran, sharps and residues from cereal or legume processing, 2017-2020

In Honduras, production of bran, sharps, and residues from cereal or legume processing reached 53,155 tonnes in 2020, marking a 1.0% increase from 2019. Over the period from 2017 to 2020, production grew by 6.7%, which translates to an annualized growth rate of 2.2%. The highest production level was recorded in 2018 at 55,007 tonnes. In 2019, production saw its largest decline of 4.4%, while the largest increase occurred in 2018 with a 10.4% rise.

Annual dynamics of production in Honduras in kind, 2017-2020, t

Exports bran, sharps and residues from cereal or legume processing from Honduras

Exports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Export volumes varied significantly, with a 10.7-fold difference between the low in 2018 and the high in 2020. In 2020, exports of bran, sharps, and residues from cereal or legume processing from Honduras totaled 1,875 tonnes, a substantial 99.4% increase compared to the previous year. The lowest export volume was recorded in 2018 at 175 tonnes. That year also saw the largest decline of 68.5%, while the largest increase occurred in 2019 with a 438.0% surge.

Annual dynamics of product's exports from Honduras in kind, 2017-2020, t

From 2017 to 2020, El Salvador was the dominant destination for exports in kind of bran, sharps, and residues from cereal or legume processing from Honduras, accounting for 73.0% of total flows. Other countries each held significantly smaller shares during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Honduras in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatility over the observed period. Export values showed a wide range, with an 11.4-fold difference between the trough in 2018 and the peak in 2020. In 2020, the value of foreign supplies of bran, sharps, and residues from cereal or legume processing from Honduras reached 403,000 US dollars, a strong 134.0% increase from the previous year. The minimum value was recorded in 2018 at 35,000 US dollars, which also saw the largest decline of 12.7%. The largest increase occurred in 2019 with a 387.6% rise.

Annual dynamics of product's exports from Honduras in value, 2017-2020, K $ US

Between 2017 and 2020, El Salvador consistently represented 75.7% of total exports in value terms, indicating a high concentration on this market. The remaining share was distributed among other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Honduras in value, 2017-2020

Imports bran, sharps and residues from cereal or legume processing to Honduras

Imports in kind, t

In 2020, Honduras imported 16,475 tonnes of bran, sharps, and residues from cereal or legume processing, an 11.0% increase from the previous year. From 2017 to 2020, imports grew by 43.2%, equivalent to an annualized rate of 12.7%. The maximum import volume was recorded in 2018 at 17,174 tonnes. The largest decline occurred in 2019 with a 13.6% drop, while the largest increase was in 2018 with a 49.3% rise.

Annual dynamics of product's imports to Honduras in kind, 2017-2020, t

Throughout 2017 to 2020, El Salvador and Nicaragua were the key partner countries for imports in kind, together accounting for 82.6% of total flows. Other partners made up the remainder.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Honduras in kind, 2017-2020

Imports in value, K $ US

Honduras saw a decline in the value of imports of bran, sharps, and residues from cereal or legume processing for the second consecutive year. In 2020, import value amounted to 2,186,000 US dollars, reflecting a 4.8% reduction compared to the previous year. Over the period from 2017 to 2020, imports increased by 24.7%, with a compound annual growth rate of 7.6%. The highest import value was recorded in 2018 at 2,720,000 US dollars. The largest decline occurred in 2019 with a 15.5% drop, while the largest increase was in 2018 with a 55.1% rise.

Annual dynamics of product's imports to Honduras in value, 2017-2020, K $ US

From 2017 to 2020, El Salvador and Nicaragua remained the primary suppliers of bran, sharps, and residues from cereal or legume processing to Honduras in value terms, with a combined share of 80.2% of total imports. Other countries accounted for the rest.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Honduras in value, 2017-2020