
World - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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Global Lentil Imports Soar to $1.7B
IndexBox has just published a new report: 'World - Lentils - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Global lentil imports picked up by +25% y-o-y to $1.7B in 2020. India, Turkey and Pakistan remain the largest lentil importers worldwide, accounting for 37% of global import volume. Last year, Egypt, Turkey, Pakistan, Italy, Germany, India, Canada and the U.S. recorded the highest increases in the import volume of lentils. The average lentil import price rose by +19% y-o-y in 2020. Canada and Australia keep leading positions in global lentil exports.
Global Lentil Imports by Country
In 2020, global imports of lentils stood at 2.9M tonnes, increasing by +4.9% against the previous year's figure. In value terms, lentil imports skyrocketed +25.1% y-o-y to $1.7B (IndexBox estimates) in 2020.
India represented the major importing country with an import of about 1.1M tonnes, which resulted in 37% of total imports. Turkey (630K tonnes) held the second position in the ranking, distantly followed by Pakistan (194K tonnes) and Sri Lanka (178K tonnes). All these countries together held approx. 35% share of total imports. Canada (103K tonnes), Egypt (86K tonnes), the U.S. (72K tonnes), Italy (62K tonnes), Spain (59K tonnes) and Germany (43K tonnes) followed a long way behind the leaders.
In 2020, lentil imports in Egypt grew nearly twofold, while in Turkey, Pakistan, and Italy, the annual growth rate overcame the 50% figure; Germany and India also posted tangible double-digit growth.
In value terms, the largest lentil importers worldwide were India ($581M), Turkey ($312M) and Pakistan ($104M), with a combined 59% share of global imports.
In 2020, the average lentil import price amounted to $591 per tonne, growing by +19% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Germany, while Turkey was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.
Major Suppliers of Lentils
Canada was the key exporter of lentils in the world, with the volume of exports resulting at 3.1M tonnes, which was near 67% of total exports in 2020. It was distantly followed by Australia (661K tonnes), Turkey (406K tonnes) and the U.S. (329K tonnes), together making up a 30% share of total exports.
In value terms, Canada ($1.7B) remains the largest lentil supplier worldwide, comprising 63% of global exports. The second position in the ranking was occupied by Australia ($349M), with a 13% share of global exports. It was followed by Turkey, with a 12% share.
Source: IndexBox Platform
This report provides an in-depth analysis of the global lentil market. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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