Dried shelled beans market in Americas

Earlier Report Observations

The dried shelled beans market in the Americas experienced notable volatility between 2018 and 2023. Market volume, measured in physical terms, declined to 6 355 thousand tons in 2019 before a sharp rebound to 7 444 thousand tons in 2020. This was followed by a gradual contraction over the next three years, settling at 6 683 thousand tons in 2023. In value terms, the market showed a similar pattern, with a significant surge to $8.9 billion in 2020 after a period of stability, a subsequent dip in 2021 and 2022, and a recovery to $8.6 billion in 2023.

Underlying these market size movements were shifts in production and trade. Domestic production peaked at over 8 000 thousand tons in 2020 before trending downwards to 7 155 thousand tons by 2023. Imports more than doubled from 287 thousand tons in 2018 to 518 thousand tons in 2023, indicating growing external supply, while export volumes remained consistently high, averaging near 1 000 thousand tons annually throughout the period. The net effect of these flows contributed to the overall market dynamics.

The period concluded with the market showing signs of stabilization in volume terms by 2023, paired with a regained market value, pointing to an adjusted supply-demand balance and potential shifts in average prices or product composition after the earlier volatility.

Production dried shelled beans in Americas

In kind, 2017-2020, K t

Top producers of dried shelled beans, 2017-2020

World map of production of dried shelled beans, 2017-2020

After a two-year decline, dried shelled bean production in the Americas rebounded. In 2020, production reached 8,007 thousand tonnes, marking a 15.4% increase from the previous year. Over the period from 2017 to 2020, production grew by 3.6%, averaging an annual growth rate of 1.2%. The lowest production level was recorded in 2019 at 6,936 thousand tonnes, which also saw the largest decline of 7.7%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Dried shelled bean production value in the Americas rose for the second consecutive year. In 2020, the output was valued at 9,342 million US dollars, representing a 26.3% increase from the previous year. From 2017 to 2020, however, production value decreased by 10.8%, with an average annual decline of 3.7%. The lowest value was recorded in 2018 at 7,264 million US dollars, which also experienced the largest drop of 30.6%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Exports dried shelled beans from Americas

Exports in kind, K t

Cross-border shipments of dried shelled beans from the Americas increased for the third year in a row. In 2020, exports amounted to 977.3 thousand tonnes, up 6.4% from 2019. Between 2017 and 2020, exports grew by 44.9%, with a compound annual growth rate of 13.2%.

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

From 2017 to 2020, the export structure in kind showed a diversified set of partners. India accounted for 6.8% of exports, the United Kingdom for 6.2%, and Italy for 5.3%, together making up 18.3% of total flows. The remaining 81.7% was distributed among numerous smaller markets.

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

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

Exports in value, M $ US

The value of dried shelled bean exports from the Americas increased for the second consecutive year. In 2020, exports totaled 1,140 million US dollars, a 16.4% rise from the previous year. Over the period from 2017 to 2020, exports grew by 24.8%, averaging an annual increase of 7.7%. The lowest value was recorded in 2018 at 885 million US dollars, which also saw a decline of 3.2%.

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

In 2017–2020, the partner structure for exports in value terms was balanced rather than concentrated. The United Kingdom accounted for 6.7% of exports, Italy for 6.0%, and India for 4.8%, together representing 17.4% of total flows. Many other countries accounted for the remaining 82.6%.

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

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

Imports dried shelled beans to Americas

Imports in kind, K t

Imports of dried shelled beans into the Americas increased for the second consecutive year. In 2020, import volume reached 414.0 thousand tonnes, a 22.6% rise from the previous year. However, from 2017 to 2020, imports decreased by 15.3%, with an average annual decline of 5.4%. The lowest volume was recorded in 2018 at 287.0 thousand tonnes, which also experienced the largest drop of 41.3%.

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

Throughout 2017–2020, China remained the main supplier of dried shelled beans to the Americas, accounting for 8.7% of total imports in kind.

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

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

Imports in value, M $ US

After a two-year contraction, imports of dried shelled beans into the Americas increased. In 2020, imports were valued at 576 million US dollars, showing a sharp gain of 27.6% from 2019. From 2017 to 2020, imports grew by 9.4%, with an average annual increase of 3.1%. The lowest value was recorded in 2019 at 576 million US dollars, which also saw a decline of 8.1%.

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

In 2017–2020, China accounted for the main share of imports in value terms of dried shelled beans to the Americas, representing 9.7% of total flows.

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

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