Report Update Apr 1, 2024

Puerto Rico - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Dry Bean Market 2024

Dry Bean Market Size in Puerto Rico

In 2021, after two years of growth, there was decline in the Puerto Rican dry bean market, when its value decreased by -4.3% to $X. Over the period under review, consumption recorded a deep contraction. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dry Bean Production in Puerto Rico

In value terms, dry bean production contracted slightly to $X in 2021 estimated in export price. Overall, production showed a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 108% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of beans (dry) in Puerto Rico was estimated at X kg per ha in 2021, approximately reflecting the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by 186%. Over the period under review, the dry bean yield reached the peak level at X ton per ha in 2017; however, from 2018 to 2021, 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 2021, the harvested area of beans (dry) in Puerto Rico was estimated at X ha, standing approx. at the previous year's figure. Overall, the harvested area saw a abrupt descent. The growth pace was the most rapid in 2018 when the harvested area increased by 25% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Dry Bean Imports

Imports by Country

In 2021, India (X tons), distantly followed by China (X tons), Vietnam (X tons) and the United States (X tons) represented the main importers of beans (dry), together creating 38% of total imports. Mexico (X tons), Italy (X tons), Indonesia (X tons), Pakistan (X tons), the UK (X tons), the United Arab Emirates (X tons), Iraq (X tons), Japan (X tons) and Brazil (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to dry bean imports into India stood at +1.9%. At the same time, China (+27.4%), Iraq (+25.9%), the United Arab Emirates (+17.4%), Vietnam (+14.1%), Pakistan (+6.2%), Indonesia (+6.2%), Italy (+2.6%) and the United States (+1.3%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +27.4% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Mexico (-3.1%), Japan (-4.3%) and Brazil (-13.7%) illustrated a downward trend over the same period. China (+6.8 p.p.), Vietnam (+3 p.p.), Iraq (+2.1 p.p.) and the United Arab Emirates (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Japan, Mexico and Brazil saw its share reduced by -1.5%, -2.3% and -6.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported beans (dry) into Puerto Rico, comprising 19% of global imports. The second position in the ranking was held by China ($X), with a 7.2% share of global imports. It was followed by the United States, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: China (+30.3% per year) and the United States (+1.5% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beans (dry) in the world?

The countries with the highest volumes of consumption in 2021 were India, Nigeria and Brazil, together comprising 35% of global consumption. Niger, Myanmar, China, Tanzania, Mexico, the United States, Kenya, Burkina Faso, Cameroon and Uganda lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of beans (dry) in the world?

The countries with the highest volumes of production in 2021 were India, Nigeria and Myanmar, with a combined 33% share of global production. These countries were followed by Brazil, Niger, Tanzania, China, the United States, Kenya, Mexico, Burkina Faso, Cameroon and Uganda, which together accounted for a further 37%.

What are the leading suppliers of beans (dry) to Puerto Rico?

In value terms, India constitutes the largest market for imported beans dry) into Puerto Rico, comprising 19% of global imports. The second position in the ranking was taken by China, with a 7.2% share of global imports. It was followed by the United States, with a 5.4% share.

What are the leading importers of beans (dry) from Puerto Rico?

In value terms, Myanmar remains the largest dry bean supplier from Puerto Rico, comprising 26% of global exports. The second position in the ranking was held by the United States, with a 9% share of global exports. It was followed by Canada, with a 7.9% share.

This report provides an in-depth analysis of the dry bean market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 176 - Beans, dry
FCL 203 - Bambara beans
FCL 195 - Cow peas, dry

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023