Northern America: Dry Bean Market 2024

Dry Bean Market Size in Northern America

The North American dry bean market contracted notably to $X in 2023, which is down by X% against the previous year. Overall, consumption recorded a pronounced decrease. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Dry Bean Production in Northern America

In value terms, dry bean production declined to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

The United States (X tons) remains the largest dry bean producing country in Northern America, comprising approx. X% of total volume. Moreover, dry bean production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), threefold.

In the United States, dry bean production contracted by an average annual rate of X% over the period from 2012-2023.

In 2023, the average yield of beans (dry) in Northern America reduced to X tons per ha, waning by X% compared with the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The dry bean harvested area expanded significantly to X ha in 2023, growing by X% compared with 2022. Over the period under review, the harvested area, however, recorded a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2023, the growth of the dry bean harvested area remained at a somewhat lower figure.

Dry Bean Exports

Exports in Northern America

In 2023, overseas shipments of beans (dry) were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, dry bean exports skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the key exporter of beans (dry) in Northern America, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Canada (X tons), committing a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the largest dry bean supplying countries in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, approximately reflecting the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Dry Bean Imports

Imports in Northern America

In 2023, approx. X tons of beans (dry) were imported in Northern America; surging by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, dry bean imports totaled $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

The United States was the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

The United States was also the fastest-growing in terms of the beans (dry) imports, with a CAGR of X% from 2012 to 2023. Canada experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) constitutes the largest market for imported beans (dry) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, dry bean imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform