Dried shelled broad and horse beans market in Peru

Earlier Report Observations

The market for dried shelled broad and horse beans in Peru experienced notable fluctuations between 2018 and 2023. After a period of modest growth, domestic market volume reached a peak of 84 317 t in 2022, before contracting to 77 796 t the following year. This movement was closely tied to changes in production levels and export dynamics, with the latter being shaped by several specific developments.

The 2022 expansion in domestic market volume coincided with a policy emphasis from the Ministry of Agrarian Development and Irrigation (MIDAGRI) directing 83% of legume production toward internal consumption, which limited export supply and bolstered local availability. Conversely, the 2023 market contraction was driven by a rebound in export volumes alongside a drop in production. That year saw the first shipment of 30 t of dried shelled beans to Asia and a significant increase in exports to South Korea, which captured over 41% of shipments in the first half, redirecting product away from the domestic market.

Entering 2024, the export channel remained active with shipments growing 27% in the first half, reaching 17 different destinations led by the United States. The entry of new exporters such as Agro Fergi SAC and Dos Marías EIRL diversified the trade landscape, while the Ministry launched a new bean variety 'INIA 444 SIWINA' aimed at supporting small and medium farmers.

Production dried shelled broad and horse beans in Peru

In kind, 2017-2020, t

Peru ranked 12th globally in dried shelled broad and horse bean production from 2017 to 2020.

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

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

Peru's production of dried shelled broad and horse beans increased for two years before declining. In 2020, production reached 82 836 tonnes, showing only a slight year-over-year change. From 2017 to 2020, production grew by 13.8%, with an average annual growth rate of 4.4%. The highest production was recorded in 2019 at 83 230 tonnes, while the largest annual increase occurred in 2018 at 10.1%.

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

In value, 2017-2020, M $ US

Peru's production value of dried shelled broad and horse beans rose for the third consecutive year. In 2020, output was valued at 144.2 million US dollars, marking a moderate 6.7% increase from 2019. Between 2017 and 2020, production value surged by 38.1%, equivalent to an annualized growth rate of 11.3%.

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

Exports dried shelled broad and horse beans from Peru

Exports in kind, t

Peru's exports of dried shelled broad and horse beans grew for the second year in a row. In 2020, exports totaled 3 797 tonnes, up 23.4% from the previous year. From 2017 to 2020, exports increased by 48.1%, with an average annual growth rate of 14.0%. The lowest export volume was in 2018 at 2 367 tonnes, which also saw the largest decline of 7.7%. The biggest increase occurred in 2019 at 30.0%.

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

From 2017 to 2020, Ecuador, the United States, and Canada were the top markets for Peru's dried shelled broad and horse bean exports by volume. Ecuador accounted for 33.6% of exports, the United States for 25.3%, and Canada for 8.8%, together making up 67.7% of total export flows.

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

Peru's export value of dried shelled broad and horse beans increased for the second consecutive year. In 2020, exports amounted to 6 608 thousand US dollars, a strong 32.3% rise compared to 2019. Over the 2017-2020 period, export value grew by 79.7%, with an average annual growth rate of 21.6%. The lowest value was recorded in 2018 at 3 501 thousand US dollars, which also experienced the largest decline of 4.8%. The highest increase was in 2019 at 42.6%.

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

From 2017 to 2020, the United States, Ecuador, and Canada led as the top buyers of Peru's dried shelled broad and horse beans by value. The United States accounted for 33.1% of export value, Ecuador for 14.6%, and Canada for 11.2%, collectively representing 58.9% of total exports.

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 broad and horse beans to Peru

Imports in kind, t

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

From 2017 to 2020, Belgium was the sole source for Peru's imports of dried shelled broad and horse beans by volume, accounting for 100.0% 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

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

From 2017 to 2020, Belgium dominated Peru's imports of dried shelled broad and horse beans by value, with a 100.0% share of total import flows.

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

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