China - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSuccessful Market Entry Strategy for Lentil in China
Successful Market Entry Strategy for Lentil in China
Lentils are an important and growing market in China, with an increasing demand for this nutritious legume. In order to successfully enter the Chinese market and capture a share of this demand, it is crucial to develop a comprehensive market entry strategy. This guide aims to provide important insights, official data sources, and assistance from authorities to facilitate a successful market entry for lentil in China.
Official Data Sources and Assistance
When entering a new market, it is essential to gather accurate and reliable data to inform your market entry strategy. Government agencies and trade associations play a crucial role in providing official data and assistance to foreign businesses. Some key data sources and authorities in China for lentil imports include:
- The General Administration of Customs China (GACC): GACC provides official import data and regulations for lentil imports. Their website offers detailed information on import procedures, tariffs, and regulations.
- The China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce, and Animal By-Products (CFNA): CFNA can provide industry-specific information, market insights, and assist with trade negotiations.
- The China International Import Expo (CIIE): CIIE is a trade fair held in Shanghai that attracts buyers from across China. Participating in CIIE can provide an excellent platform for networking and showcasing lentil products.
Market Overview
Understanding the market overview is crucial for a successful market entry strategy. According to data from the IndexBox market intelligence platform, the import value of lentils in China in 2022 was 22.7 million USD. The top five countries with the highest import value of lentils in China in 2022 were:
- United States - 9.4 million USD
- Myanmar - 8.7 million USD
- Turkey - 4.7 million USD
- France - 1.7 thousand USD
- Japan - 20.0 USD
The data also reveals that the import price of lentils in China in 2022 was 886.0 USD per ton, which indicates the price sensitivity of the market.
Market Entry Strategy
1. Understand Chinese Consumer Preferences
Before entering the market, it is essential to understand Chinese consumer preferences regarding lentils. Conduct market research, analyze consumer trends, and identify the most popular lentil varieties and forms in China. This will enable you to tailor your product offerings to meet consumer preferences.
2. Build Relationships with Trade Associations
Trade associations such as CFNA can provide invaluable assistance in navigating the Chinese market. Establishing relationships with these associations can help you gain access to their resources, industry networks, and market insights. They may also offer guidance on compliance with Chinese regulations.
3. Participate in Trade Shows and Exhibitions
Attending trade shows and exhibitions is an excellent way to connect with potential buyers, distributors, and industry professionals in China. Some key trade shows and exhibitions for lentils in China include:
- China International Import Expo (CIIE): Held annually in Shanghai, this event attracts a wide range of buyers and provides an opportunity to showcase your lentil products.
- China Food and Drinks Fair (CFDF): This fair focuses on the food and beverage industry and is an ideal platform to network and establish business contacts.
- Shanghai International Trade Fair for Processing, Packaging Machinery, and Products (PACKTECH): This fair is dedicated to processing, packaging, and food machinery, providing an opportunity to showcase innovative processing or packaging solutions for lentils.
4. Establish Distribution Channels
Identify potential distribution partners in China and establish robust distribution channels. Consider partnering with local importers, distributors, or e-commerce platforms to ensure efficient distribution of your lentil products in the Chinese market.
5. Comply with Import Regulations and Standards
China has strict import regulations and standards, particularly for food products. Ensure compliance with Chinese regulations regarding labeling, packaging, quality standards, and certifications. Engage with GACC, CFNA, or trade associations for guidance on import regulations and to ensure smooth customs clearance.
6. Adapt to Local Taste and Preferences
Consider adapting your lentil products to suit local taste preferences and cultural nuances. Conduct market research to customize your product offerings, packaging, and marketing strategies to resonate with Chinese consumers. In conclusion, a successful market entry strategy for lentils in China requires thorough research, understanding of market dynamics, and adaptability to local preferences. Utilizing official data sources, seeking assistance from authorities, and participating in trade shows can greatly enhance your prospects in the Chinese market. The IndexBox market intelligence platform can provide valuable insights throughout your market entry journey.
This report provides an in-depth analysis of the lentil market in China. 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 201 - Lentils, dry
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
