MERCOSUR: Dry Bean Market 2024

Dry Bean Market Size in MERCOSUR

The MERCOSUR dry bean market expanded modestly to $X in 2023, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Dry Bean Production in MERCOSUR

In value terms, dry bean production reached $X in 2023 estimated in export price. The total production indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Brazil (X tons) remains the largest dry bean producing country in MERCOSUR, accounting for X% of total volume. Moreover, dry bean production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), fourfold. Peru (X tons) ranked third in terms of total production with a X% share.

In Brazil, dry bean production remained relatively stable over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Peru (X% per year).

The average dry bean yield expanded to X tons per ha in 2023, picking up by X% against the year before. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X% against the previous year. Over the period under review, the dry bean yield hit record highs at X tons per ha in 2021; however, from 2022 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of beans (dry) were harvested in MERCOSUR; approximately equating the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2023, the growth of the dry bean harvested area failed to regain momentum.

Dry Bean Exports

Exports in MERCOSUR

In 2023, dry bean exports in MERCOSUR reached X tons, with an increase of X% against the year before. In general, exports recorded a temperate increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, dry bean exports expanded modestly to $X in 2023. Total exports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Argentina represented the largest exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Brazil (X tons) and Peru (X tons), together mixing up a X% share of total exports. Venezuela (X tons) took a little share of total exports.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2023. At the same time, Venezuela (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Peru (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Venezuela (X p.p.) significantly strengthened its position in terms of the total exports, while Peru and Argentina saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Argentina ($X) remains the largest dry bean supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Argentina stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Peru (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Dry Bean Imports

Imports in MERCOSUR

In 2023, supplies from abroad of beans (dry) decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, dry bean imports rose modestly to $X in 2023. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X tons) represented the main importer of beans (dry), achieving X% of total imports. Venezuela (X tons) ranks second in terms of the total imports with an X% share, followed by Colombia (X%), Chile (X%) and Peru (X%).

From 2012 to 2023, average annual rates of growth with regard to dry bean imports into Brazil stood at X%. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%), Peru (X%) and Venezuela (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Chile (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela and Brazil saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest dry bean importing markets in MERCOSUR were Brazil ($X), Colombia ($X) and Venezuela ($X), with a combined X% share of total imports. Chile and Peru lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Chile ($X per ton) and Colombia ($X per ton), while Brazil ($X per ton) and Venezuela ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform