Dried shelled broad and horse beans market in Caribbean

Earlier Report Observations

The Caribbean market for dried shelled broad and horse beans experienced a modest decline in total volume from 13 576 t in 2018 to 13 043 t in 2023. This represented a reduction of approximately 4% over the six-year period, with the lowest point recorded in 2020 at 13 086 t.

Domestic production gradually eased from 13 159 t to 12 903 t, remaining the primary supply source. Import volumes varied considerably, surging to 492 t in 2019 before plummeting to 41 t in 2021, which introduced volatility without altering the overall contracting trend.

Production dried shelled broad and horse beans in Caribbean

In kind, 2017-2020, t

Top producers of dried shelled broad and horse beans, 2017-2020

World map of production of dried shelled broad and horse beans, 2017-2020

Caribbean's production of dried shelled broad and horse beans declined for the second year in a row. In 2020, the region produced 12,811 tonnes, marking a slight decrease of 1.6% compared to 2019. Production peaked in 2018 at 13,159 tonnes, which also saw the largest annual increase of 1.5%.

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

Exports dried shelled broad and horse beans from Caribbean

Exports in kind, t

The market showed an unstable trend over this period. Exports reached their lowest point in 2020 at 2.2 tonnes, reflecting a sharp decline of 93.6% from the previous year. They had peaked in 2017, with a 53-fold difference between these years. The largest increase occurred in 2019, at 72.8%.

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

From 2017 to 2020, nearly all exports of dried shelled broad and horse beans from the Caribbean went to the United States, which accounted for 91.6% of total shipments.

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, K $ US

The market was characterized by volatility during these years. Exports in value terms peaked in 2017 and fell to their lowest in 2020, showing an 18-fold variation. In 2020, shipments totaled 5.9 thousand US dollars, a dramatic decrease of 50.7% from the year before. The largest decline was recorded in 2018 at 92.6%, while the largest increase occurred in 2019 at 53.6%.

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

Between 2017 and 2020, the United States was the dominant destination for exports in value terms of dried shelled broad and horse beans from the Caribbean, making up 86.2% of total flows. The remaining share was distributed among several smaller markets.

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 broad and horse beans to Caribbean

Imports in kind, t

After two years of growth, imports of dried shelled broad and horse beans into the Caribbean declined. In 2020, import volume was 276.7 tonnes, down 43.7% from the previous year. Over the period from 2017 to 2020, imports decreased by 10%, equivalent to an annualized rate of 3.4%. The highest volume was recorded in 2019 at 491.5 tonnes, and the largest increase occurred in 2018 at 42.0%.

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

From 2017 to 2020, the United States and Peru were the main suppliers of dried shelled broad and horse beans to the Caribbean, together accounting for 98.2% of total imports in kind. The rest was fragmented across other countries.

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, K $ US

Imports of dried shelled broad and horse beans into the Caribbean declined for the second consecutive year. In 2020, import value amounted to 466.9 thousand US dollars, a decrease of 32.0% year-on-year. Over the 2017-2020 period, imports fell by 18.5%, with a compound annual growth rate of -6.6%. The peak value was recorded in 2018 at 735.7 thousand US dollars, which also saw the largest increase of 28.5%.

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

Throughout 2017 to 2020, the United States and Peru were the core markets for imports in value terms, jointly representing 97.4% of total flows. Other destinations had relatively modest shares.

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

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