Australia - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Australia - 2023
Contents:
- Lentil Price in Australia (FOB) - 2023
- Lentil Price in Australia (CIF) - 2022
- Lentil Exports in Australia
- Lentil Imports in Australia
Lentil Price in Australia (FOB) - 2023
In July 2023, the average lentil export price amounted to $595 per ton, picking up by 4.6% against the previous month. Over the period under review, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in December 2022 an increase of 22% m-o-m. The export price peaked at $859 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($619 per ton), while the average price for exports to Egypt ($392 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Lentil Price in Australia (CIF) - 2022
The average lentil import price stood at $1,570 per ton in 2022, growing by 32% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil import price increased by +63.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,265 per ton), while the price for Myanmar ($1,290 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Lentil Exports in Australia
In 2022, exports of lentils from Australia skyrocketed to 1M tons, with an increase of 24% on the previous year's figure. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 34% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, lentil exports soared to $752M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 73% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Lentil in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 98.4 | 141 | 177 | 279 | 41.5% |
| India | 35.7 | 80.7 | 84.2 | 217 | 82.5% |
| United Arab Emirates | 2.1 | 4.6 | 25.1 | 75.8 | 230.5% |
| Sri Lanka | 32.7 | 59.5 | 85.6 | 67.3 | 27.2% |
| Egypt | 13.3 | 14.9 | 61.0 | 62.2 | 67.2% |
| Nepal | 2.5 | 15.1 | 21.9 | 23.2 | 110.1% |
| Pakistan | 11.8 | 26.0 | 27.2 | 20.8 | 20.8% |
| Turkey | 3.2 | 5.1 | 17.7 | 1.7 | -19.0% |
| Others | 3.4 | 4.1 | 3.2 | 4.9 | 13.0% |
| Total | 203 | 351 | 503 | 752 | 54.7% |
Top Export Markets for Lentil from Australia in 2022:
- Bangladesh (391.2K tons)
- India (275.7K tons)
- Sri Lanka (105.4K tons)
- United Arab Emirates (96.9K tons)
- Egypt (86.8K tons)
- Pakistan (42.1K tons)
- Nepal (38.4K tons)
- Turkey (2.3K tons)
Lentil Imports in Australia
Lentil imports into Australia rose modestly to 1.2K tons in 2022, surging by 2.9% compared with the year before. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, imports attained the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, lentil imports skyrocketed to $1.9M in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Lentil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 827 | 1,629 | 889 | 710 | -5.0% |
| Myanmar | N/A | N/A | N/A | 434 | 0% |
| India | 190 | 533 | 255 | 422 | 30.5% |
| Turkey | 153 | 338 | 120 | 247 | 17.3% |
| Sri Lanka | 140 | 140 | 123 | 55.7 | -26.5% |
| United Arab Emirates | 291 | 140 | 0.4 | N/A | -96.3% |
| Others | 24.4 | 24.7 | 48.7 | 72.7 | 43.9% |
| Total | 1,625 | 2,805 | 1,435 | 1,942 | 6.1% |
Top Suppliers of Lentil to Australia in 2022:
- Canada (467.3 tons)
- Myanmar (336.5 tons)
- India (255.5 tons)
- Turkey (109.2 tons)
- Sri Lanka (27.5 tons)
This report provides an in-depth analysis of the lentil market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
-
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
2482
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Overall, Lentil exports experienced a steady growth, with a notable surge in value to $159M in December 2023.
647
In August 2022, the lentil price amounted to $697 per ton (FOB, Australia), falling by -7.1% against the previous month.
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In August 2022, the dry peas price amounted to $505 per ton (FOB, Australia), picking up by 3.9% against the previous month.
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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.
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