Dried shelled broad and horse beans market in South America

Earlier Report Observations

The market for dried shelled broad and horse beans in South America saw its volume fluctuate between 144 thousand tons and 153 thousand tons from 2018 to 2023. After reaching a peak of 153.3 thousand tons in 2020, consumption dipped in 2021 and again in 2023. In value terms, the market contracted sharply from 2019 to 2021, falling from $375.4 million to $220.4 million, before rebounding strongly to $353 million by 2023.

In 2023, Peruvian exports of dried beans reached 1,732 tons in the first half of the year, with South Korea and the United States as key buyers. This increased export activity likely reduced domestic availability, contributing to the 5% drop in the regional market volume that year. Industry developments in 2024 included significant investments by global producers in improved milling technology for bean flour and the adoption of sustainable farming practices, which are enhancing product quality and supply chain resilience.

Production dried shelled broad and horse beans in South America

In kind, 2017-2020, K 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

South America's production of dried shelled broad and horse beans has grown for the third year in a row. In 2020, the region produced 156.7 thousand tons, marking a modest increase of 4.8% compared to 2019. Looking at the period from 2017 to 2020, production rose by 13.4%, which translates to an average annual growth rate of 4.3%.

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

In value, 2017-2020, M $ US

South America's production value of dried shelled broad and horse beans has fallen for the second consecutive year. In 2020, the output was valued at 290.7 million US dollars, reflecting a significant drop of 17.4% from the previous year. Between 2017 and 2020, production value decreased by 12.3%, with an average annual decline of 4.3%. The peak value occurred in 2018 at 379.5 million US dollars, which also saw the largest increase of 14.6% that year.

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

Exports dried shelled broad and horse beans from South America

Exports in kind, t

South America's exports of dried shelled broad and horse beans have increased for the second year in a row. In 2020, the region exported 4 253 tons, showing a sharp rise of 45.0% compared to 2019. From 2017 to 2020, exports grew by 87.6%, with an average annual growth rate of 23.3%. The lowest volume was recorded in 2018 at 1 926 tons, which also experienced the largest decline of 15.0% that year. In contrast, 2019 saw the biggest increase of 52.3%.

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

An analysis of export volumes from 2017 to 2020 reveals a wide distribution across numerous markets. The United States accounted for 20.6% of exports, the United Arab Emirates for 15.3%, and Israel for 8.9%. Together, these three countries made up 44.9% of total flows, while the remaining 55.1% went to various other partners.

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

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

Exports in value, K $ US

Exports of dried shelled broad and horse beans from South America have risen for the second consecutive year. In 2020, exports totaled 7 891 thousand US dollars, up by 14.2% from the previous year. Between 2017 and 2020, exports increased by 45.1%, with an average annual growth rate of 13.2%. The lowest value was recorded in 2018 at 4 998 thousand US dollars, which also saw the largest decline of 8.1% that year. The biggest increase occurred in 2019, with a jump of 38.2%.

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

From 2017 to 2020, the United States, the United Arab Emirates, and Israel were the main destinations for South America's dried shelled broad and horse beans in value terms. The United States accounted for 25.6% of export value, the United Arab Emirates for 20.6%, and Israel for 10.9%. Combined, these three countries represented 57.0% of total export value.

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

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

Imports dried shelled broad and horse beans to South America

Imports in kind, t

The import market showed an unstable trend over the period. Imports reached a low in 2018 and a high in 2017, with a 30-fold difference between these years. In 2020, South America imported 845 tons of dried shelled broad and horse beans, a steep increase of 1 189.6% compared to the prior year. The minimum volume was recorded in 2018 at 39 tons, which also experienced the largest decline of 96.6% that year.

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

From 2017 to 2020, Morocco, Italy, and Lebanon were the principal destinations for imports in volume terms. Morocco accounted for 1.4% of imports, Italy for 0.9%, and Lebanon for 0.8%. Together, these three countries made up 3.1% of total import flows.

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

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

Imports in value, K $ US

After two years of decline, South America's imports of dried shelled broad and horse beans increased in 2020. Imports registered 846 thousand US dollars, up by 5.6% from the previous year. Over the period from 2017 to 2020, imports decreased by 12.1%, with an average annual decline of 4.2%. The lowest value was recorded in 2019 at 801 thousand US dollars, while the largest drop occurred in 2018 with a decline of 9.4%.

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

The partner landscape for import value from 2017 to 2020 was diverse. Morocco accounted for 3.4% of imports, Italy for 3.2%, and China for 1.4%. Together, these three countries formed only 8.1% of total flows, with the substantial remaining 91.9% coming from or going to many other countries.

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

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