Latin America and the Caribbean: Bambara Bean Market 2024

Bambara Bean Market Size in Latin America and the Caribbean

The Latin American bambara bean market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bambara Bean Production in Latin America and the Caribbean

In value terms, bambara bean production totaled $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Argentina (X tons) remains the largest bambara bean producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, bambara bean production in Argentina exceeded the figures recorded by the second-largest producer, Brazil (X tons), twofold. Peru (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Argentina was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Brazil (X% per year) and Peru (X% per year).

Bambara Bean Exports

Exports in Latin America and the Caribbean

In 2022, after four years of growth, there was significant decline in shipments abroad of bambara beans, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, bambara bean exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Argentina represented the key exporter of bambara beans in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Brazil (X tons), Honduras (X tons) and Guatemala (X tons), together committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Honduras ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bambara bean export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the other leaders experienced mixed trends in the export price figures.

Bambara Bean Imports

Imports in Latin America and the Caribbean

In 2022, the amount of bambara beans imported in Latin America and the Caribbean soared to X tons, growing by X% compared with 2021. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, bambara bean imports soared to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The Dominican Republic was the largest importing country with an import of around X tons, which amounted to X% of total imports. El Salvador (X tons) took the second position in the ranking, distantly followed by Venezuela (X tons) and Mexico (X tons). All these countries together took approx. X% share of total imports. The following importers - Suriname (X tons) and Chile (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bambara bean importing markets in Latin America and the Caribbean were the Dominican Republic ($X), Venezuela ($X) and El Salvador ($X), with a combined X% share of total imports.

In terms of the main importing countries, Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Venezuela ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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