MERCOSUR: Green Bean Market 2024

Green Bean Market Size in MERCOSUR

In 2023, the MERCOSUR green bean market increased by X% to $X, rising for the third year in a row after five years of decline. Overall, consumption, however, recorded a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Green Bean Production in MERCOSUR

In value terms, green bean production surged to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Argentina (X tons), Chile (X tons) and Peru (X tons), together comprising X% of total production. Ecuador, Guyana and Venezuela lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Guyana (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average green bean yield in MERCOSUR reduced to X tons per ha, approximately reflecting the previous year. The yield indicated a prominent increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, green bean yield increased by X% against 2012 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the green bean yield hit record highs at X tons per ha in 2022, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green bean harvested area shrank modestly to X ha in 2023, leveling off at the previous year's figure. In general, the harvested area continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to green bean production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Green Bean Exports

Exports in MERCOSUR

In 2023, the amount of green beans exported in MERCOSUR expanded modestly to X tons, picking up by X% compared with 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, green bean exports shrank to $X in 2023. In general, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Peru (X tons) was the main exporter of green beans, creating X% of total exports. It was distantly followed by Suriname (X tons), generating an X% share of total exports. The following exporters - Colombia (X tons) and Guyana (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to green bean exports from Peru stood at X%. At the same time, Suriname (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Guyana (X%) illustrated a downward trend over the same period. While the share of Suriname (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Peru (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Suriname ($X), Peru ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Suriname, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, showed moderate growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Suriname ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Green Bean Imports

Imports in MERCOSUR

In 2023, the amount of green beans imported in MERCOSUR skyrocketed to X tons, jumping by X% compared with 2022. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, green bean imports soared to $X in 2023. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Chile represented the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Colombia (X tons) and Venezuela (X tons), together achieving a X% share of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%) and Venezuela (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Colombia and Venezuela increased by X and X percentage points, respectively.

In value terms, Venezuela ($X) constitutes the largest market for imported green beans in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports.

In Venezuela, green bean imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw strong growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform