Dried shelled beans market in Caribbean

Earlier Report Observations

The Caribbean dried shelled beans market contracted significantly from 418.6 thousand tons in 2018 to 265.9 thousand tons in 2022, driven by a steady decline in domestic production over the period. A partial recovery occurred in 2023, with market volume rising to 307.7 thousand tons, supported by a rebound in imports.

Global market trends, including rising consumer demand for plant-based proteins and the growth of vegan diets, provided a supportive environment for the market's recovery in recent years. These factors increased the global consumption of nutrient-rich pulses, which influenced trade flows and demand patterns in the region.

Production dried shelled beans in Caribbean

In kind, 2017-2020, K t

Top producers of dried shelled beans, 2017-2020

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

Caribbean's dried shelled bean production declined for the second year in a row. In 2020, the region produced 216.3 thousand tons, marking a 24.7% year-over-year decrease. From 2017 to 2020, production fell by 26.4%, which translates to an average annual decline of 9.7%. The highest production level was recorded in 2018 at 332.4 thousand tons, with the largest increase that year of 13.1%.

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

Exports dried shelled beans from Caribbean

Exports in kind, K t

The market exhibited volatility during the observed period. Export volumes reached their lowest point in 2018 at 0.1 thousand tons and peaked in 2019 at 0.5 thousand tons, representing a 6.8-fold difference between these years. In 2020, Caribbean exported 0.4 thousand tons of dried shelled beans, showing an 11.0% decrease compared to the previous year. The largest decline occurred in 2018 at 39.3%, while the largest increase was in 2019 at 581.3%.

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

From 2017 to 2020, the United States and Spain consistently served as the primary markets for exports in kind, together accounting for 5.2% of total export flows.

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

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

Exports in value, M $ US

The market showed signs of volatility over the observed period. Export values reached their minimum in 2019 at 0.6 million US dollars and peaked in 2017, with an 8.1-fold variation between these years. In 2020, Caribbean's dried shelled bean exports totaled 1.1 million US dollars, marking a sharp rise of 81.6% year-over-year. The largest decline was recorded in 2019 at 81.2%.

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

From 2017 to 2020, the United States and Spain consistently remained the main markets for exports in value terms, together accounting for 5.8% of total export flows.

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

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

Imports dried shelled beans to Caribbean

Imports in kind, K t

Caribbean's dried shelled bean imports increased for the second consecutive year. In 2020, the region imported 152.1 thousand tons, representing a 62.6% year-over-year rise. From 2017 to 2020, imports grew by 56.3%, with a compound annual growth rate of 16.1%. The lowest import volume was recorded in 2018 at 86.3 thousand tons, with the largest decline that year of 11.3%.

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

From 2017 to 2020, the United States (51.8% of imports in kind), China (26.7% of imports in kind), and Argentina (8.2% of imports in kind) continued to lead as the top suppliers of dried shelled beans to Caribbean, jointly accounting for 86.7% of total imports in kind.

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

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

Imports in value, M $ US

The market exhibited volatility during the observed period. Import values dropped to their minimum in 2019 at 92.9 million US dollars and climbed to their maximum in 2020, showing a 1.9-fold shift between these years. In 2020, Caribbean's dried shelled bean imports totaled 176.9 million US dollars, up by 90.5% year-over-year. The largest decline occurred in 2018 at 6.6%.

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

From 2017 to 2020, the United States and China remained the primary markets for imports in value terms, jointly accounting for 80.1% of total import flows, with other partners making up the remainder.

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

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