Dried shelled broad and horse beans market in Central America

Earlier Report Observations

The market volume for dried shelled broad and horse beans in Central America experienced notable fluctuations between 2018 and 2023. After starting at 63 813 metric tons in 2018, consumption dropped by 13% the following year to 55 634 metric tons. A recovery phase then lifted the market back to 64 466 metric tons by 2021, the highest point in the period.

This upward trend was abruptly reversed in 2022, when the market contracted by 22% to 50 420 metric tons. The following year saw a partial rebound of 9%, bringing volume to 55 025 metric tons in 2023. Overall, the market remained volatile, ending the six-year period roughly 14% below its 2018 level.

Production dried shelled broad and horse beans in Central America

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

In 2019, Central America produced 57,201 tonnes of dried shelled broad and horse beans, marking the lowest output in recent years. Production then rebounded strongly in 2020, reaching 63,710 tonnes—an 11.4% increase from the previous year. Looking at the broader 2017-2020 period, production grew by 6.9%, with an average annual growth rate of 2.3%. The highest production level was recorded in 2018 at 63,783 tonnes, while 2019 saw the most significant decline of 10.3%.

Annual dynamics of production in Central America in kind, 2017-2020, t

Exports dried shelled broad and horse beans from Central America

Exports in kind, t

Export volumes showed considerable volatility during this period. In 2018, exports hit their lowest point at just 34 tonnes, representing a sharp 58.2% decline. The following year, however, saw a dramatic turnaround with exports surging by 4,722.0%. By 2020, exports reached 2,716 tonnes—a 66.8% increase from 2019 and the highest level recorded. The gap between the peak in 2020 and the low in 2018 was substantial, with 2020 exports being 80 times greater.

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

From 2017 to 2020, Central America's exports of dried shelled broad and horse beans were heavily concentrated in a single market. The United States accounted for 96.7% of all export volumes during this period.

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

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

Exports in value, K $ US

Export values followed an unstable pattern throughout the timeframe. The lowest point came in 2018 at $119,000, which represented a 49.0% decline. A remarkable recovery followed in 2019 with values jumping by 890.2%. By 2020, export values reached $1,496,000—a 26.6% increase from 2019 and the highest level recorded. The difference between the 2020 peak and the 2018 trough was significant, with 2020 values being 12.5 times higher.

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

During the 2017-2020 period, Central America's export revenues from dried shelled broad and horse beans were overwhelmingly concentrated in just two markets. The United States and United Kingdom together accounted for 99.8% of all export value.

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

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

Imports dried shelled broad and horse beans to Central America

Imports in kind, t

Import volumes experienced substantial fluctuations, reflecting a volatile market environment. The lowest point occurred in 2019 at just 62 tonnes, following an 11.4% decline in 2018. Then in 2020, imports surged dramatically to 2,194 tonnes—a remarkable 3,450.2% increase from the previous year and the highest level recorded. The difference between the 2020 peak and 2019 low was striking, with 2020 imports being 36 times greater.

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

Between 2017 and 2020, Central America's imports of dried shelled broad and horse beans were dominated by two key suppliers. China and Peru together accounted for 99.3% of all import volumes during this period.

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

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

Imports in value, K $ US

Import values showed irregular patterns, indicating market volatility. The lowest point was recorded in 2018 at $82,000, representing a modest 1.4% decline. A dramatic increase followed in 2019 with values surging by 1,827.2%. By 2020, import values reached $1,959,000—a 23.3% increase from 2019 and the highest level recorded. The 2020 peak was 24 times greater than the 2018 low.

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

Throughout the 2017-2020 period, China dominated Central America's import market for dried shelled broad and horse beans in value terms, consistently accounting for 91.3% of total import flows.

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

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