Market Diversification and the Concentration of Peruvian Baby Lima Bean Exports Globally

Abstract

In the context of international trade, exports of Lima Baby beans represent a fundamental pillar of the Peruvian economy, with a significant increase in exports in recent years. The growth in exports can be attributed to the quality of the product, its nutritional value and the growing global demand for organic food, particularly in key markets in North America, Asia and Europe. In this context, the study conducts an analysis of global exports of Baby Lima beans between 2014 and 2023, paying particular attention to the competitiveness of the markets and companies involved. The study employs a quantitative methodology, analysing statistical data related to baby lima bean exports from SUNAT obtained through the VERITRADE trade intelligence tool. The Herfindahl-Hirschman Index (HHI) was used to assess the concentration between destination markets and exporting firms. The results show that the analysis of Baby Lima Beans exports in Peru between 2014 and 2023 reveals fluctuations in both FOB value and net weight, reaching a maximum concentration of exporting firms in 2017 and a trend towards diversification in recent years. However, the number of destination markets remained stable with a slight upward trend.