Dried shelled beans market in Peru

Earlier Report Observations

The market volume for dried shelled beans in Peru experienced fluctuations between 2018 and 2023. After starting at 102.4 thousand tons in 2018, it dipped to a low of 79.7 thousand tons in 2022 before recovering strongly to 105.4 thousand tons in 2023. In value terms, the market followed a similar pattern, reaching 190.2 million US dollars in 2023, driven by higher production and export values.

A key development in 2022 was the continued growth of Peruvian bean exports, with over 100 companies shipping to more than 47 countries. This strong export orientation, with the United States and the Netherlands as key destinations, drew product away from the domestic market, contributing to the lower internal volume observed that year. The average export price was reported at 1.51 US dollars per kilogram.

Looking ahead, major processors signaled further export-focused expansion. In 2024, Procesadora Perú, a company with 25 years in the market, announced plans to introduce new varieties of dried beans for export, targeting a 15% sales increase and entry into new international markets. This strategic move underscores the industry's ongoing drive to capitalize on foreign demand, which remains a significant influence on domestic market dynamics.

Production dried shelled beans in Peru

In kind, 2017-2020, t

Top producers of dried shelled beans, 2017-2020

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

Peru's dried shelled beans production saw a decline after two consecutive years of growth. In 2020, the country produced 103 738 tons, which represents a 3.3% decrease compared to the previous year. Looking at the period from 2017 to 2020, production overall increased by 8%, with an average annual growth rate of 2.6%. The highest production level was recorded in 2019 at 107 285 tons, while the most significant year-on-year increase occurred in 2018 with a 6.7% rise.

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

In value, 2017-2020, M $ US

In 2020, the value of dried shelled beans production in Peru reached 142.0 million US dollars, marking a 10.6% increase from the year before. Over the four-year span from 2017 to 2020, production value grew by 15.8%, translating to an annualized growth rate of 5.0%. The largest decline was observed in 2019 with a 6.0% drop, while the most substantial increase took place in 2018 with an 11.4% rise.

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

Exports dried shelled beans from Peru

Exports in kind, t

Peru's exports of dried shelled beans declined following two years of growth. In 2020, exports totaled 17 460 tons, reflecting a significant 17.9% decrease compared to the previous year. From 2017 to 2020, exports increased by 34.7% overall, with a compound annual growth rate of 10.4%. The peak export volume was recorded in 2019 at 21 261 tons, and the largest year-on-year increase occurred in 2018 with a 34.8% rise.

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

Between 2017 and 2020, Colombia, the United States, and Spain remained the top buyers of dried shelled beans from Peru. Colombia accounted for 22.1% of exports in volume, the United States for 21.3%, and Spain for 7.9%. Together, these three countries represented 51.3% of Peru's total exports in kind during this period.

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

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

Exports in value, K $ US

After two years of improvement, Peru's exports of dried shelled beans in value terms experienced a decline. In 2020, export value reached 23 896 thousand US dollars, which is 6.1% lower than in 2019. From 2017 to 2020, exports increased by 44.4% overall, equating to an annualized growth rate of 13.0%. The highest export value was recorded in 2019 at 25 443 thousand US dollars, while the most significant increase occurred in 2018 with a 40.7% rise.

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

From 2017 to 2020, the United States, Colombia, and Spain led the structure of Peru's dried shelled beans exports in value terms. The United States accounted for 22.2% of export value, Colombia for 20.0%, and Spain for 8.3%. Collectively, these three countries represented 50.5% of total export flows during this period.

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

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

Imports dried shelled beans to Peru

Imports in kind, t

Peru's imports of dried shelled beans in 2020 totaled 14 127 tons, showing a sharp increase of 68.9% compared to the previous year. Over the period from 2017 to 2020, imports grew by 31.1%, with an average annual growth rate of 9.4%. The lowest import volume was recorded in 2019 at 8 363 tons, while the highest was in 2018 at 17 387 tons. The most substantial decline occurred in 2019 with a 51.9% decrease.

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

Throughout 2017 to 2020, Mexico, the United States, and Bolivia were the leading sources of dried shelled beans imports to Peru in volume terms. Mexico accounted for 38.2% of imports in kind, the United States for 19.1%, and Bolivia for 17.1%. Together, these three countries made up 74.4% of total import flows.

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

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

Imports in value, K $ US

The import market for dried shelled beans in Peru showed volatility during the observed period. In 2020, import value reached 17 764 thousand US dollars, representing a sharp rise of 110.5% compared to the previous year. The lowest import value was recorded in 2019 at 8 438 thousand US dollars, while the highest was in 2018 at 17 791 thousand US dollars. The most significant decline occurred in 2019 with a 52.6% decrease, resulting in a 2.1-fold variation between the maximum in 2018 and the minimum in 2019.

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

From 2017 to 2020, Mexico, the United States, and China contributed the most to Peru's dried shelled beans imports in value terms. Mexico accounted for 45.8% of import value, the United States for 18.2%, and China for 16.0%. Collectively, these three countries represented 80.0% of total import flows during this period.

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

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