Dried shelled beans market in Honduras

Earlier Report Observations

The market for dried shelled beans in Honduras expanded from 139.2 thousand tons in 2018 to 145.8 thousand tons in 2019, supported by initiatives that strengthened local bean value chains in Olancho through innovations and alliances. This growth reversed in 2020 when the market contracted to 140.2 thousand tons, coinciding with a 6.4% decline in the gross value added of bean cultivation, which reflected reduced production efficiency.

After a modest recovery to 142.8 thousand tons in 2021, the market continued to grow, reaching 149.8 thousand tons in 2022. The most significant surge occurred in 2023, with the market volume jumping to 178.2 thousand tons, largely due to the implementation of the State Policy for the Agro-Food Sector (2023-2043), which increased funding, agricultural diversification, and technical assistance to boost bean production.

Production dried shelled beans in Honduras

In kind, 2017-2020, K t

Top producers of dried shelled beans, 2017-2020

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

Honduras experienced a decline in dried shelled beans production in 2020, following two years of growth. The country produced 127.7 K t that year, representing a modest 3.9% decrease compared to 2019. Looking at the broader period from 2017 to 2020, production actually increased by 3.5%, which translates to an average annual growth rate of 1.2%. The peak production volume was recorded in 2019 at 132.9 K t, with the largest year-over-year increase of 4.0% also occurring that year.

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

In value, 2017-2020, M $ US

The value of dried shelled beans production in Honduras rose for the third consecutive year in 2020. Output was valued at 149.9 M $ US, showing a moderate increase of 5.3% from the previous year. Over the four-year span from 2017 to 2020, production value grew by 39.4%, with a compound annual growth rate of 11.7%.

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

Exports dried shelled beans from Honduras

Exports in kind, t

Honduras saw a decline in dried shelled beans export volumes for the third year in a row in 2020. The country exported 2 080 t, down by 18.0% compared to 2019. From 2017 to 2020, exports decreased by 54.1%, averaging an annual decline of 22.9%.

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

Between 2017 and 2020, the United States, El Salvador, and Costa Rica were the primary destinations for Honduras's dried shelled bean exports by volume. The United States accounted for 40.7% of exports, El Salvador for 23.0%, and Costa Rica for 19.0%. Together, these three countries represented 82.7% of total export flows.

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 value of dried shelled beans exports from Honduras fell for the third consecutive year in 2020. Exports totaled 2 442 K $ US, marking a significant drop of 10.2% from the previous year. Over the period from 2017 to 2020, export value decreased by 38.2%, with a compound annual decline rate of 14.8%.

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

From 2017 to 2020, the United States, Costa Rica, and El Salvador were the key markets for Honduras's dried shelled bean exports by value. The United States led with 52.0% of export value, followed by Costa Rica at 17.3% and El Salvador at 16.0%. Collectively, these three countries accounted for 85.2% of total export value.

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

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

Imports dried shelled beans to Honduras

Imports in kind, t

After two years of growth, Honduras's dried shelled beans imports declined in 2020. Imports stood at 14 595 t, reflecting a gradual decrease of 5.7% from 2019. Over the period from 2017 to 2020, imports increased by 24%, with an average annual growth rate of 7.4%. The highest import volume was recorded in 2019 at 15 472 t, while the largest increase occurred in 2018 at 31.2%.

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

Between 2017 and 2020, Nicaragua dominated Honduras's dried shelled bean imports by volume, accounting for 94.0% of total import flows.

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's dried shelled beans imports declined for the second consecutive year in 2020. Import value reached 14 552 K $ US, which was 5.7% lower than in 2019. From 2017 to 2020, import value increased by 32.6%, with a compound annual growth rate of 9.9%. The peak import value was recorded in 2018 at 15 653 K $ US, with the largest increase of 42.6% also occurring that year.

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

From 2017 to 2020, Nicaragua effectively monopolized Honduras's dried shelled bean imports by value, representing 94.0% of total import flows.

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

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