Canada - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Canada - 2023
Contents:
- Lentil Price in Canada (FOB) - 2023
- Lentil Price in Canada (CIF) - 2023
- Lentil Exports in Canada
- Lentil Imports in Canada
Lentil Price in Canada (FOB) - 2023
The average lentil export price stood at $841 per ton in June 2023, picking up by 12% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $941 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($1,129 per ton), while the average price for exports to Turkey ($668 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.1%), while the prices for the other major destinations experienced a decline.
Lentil Price in Canada (CIF) - 2023
In June 2023, the average lentil import price amounted to $886 per ton, remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in April 2023 an increase of 9.1% against the previous month. The import price peaked at $1,148 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was India ($1,228 per ton), while the price for the United States totaled $870 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (-0.3%).
Lentil Exports in Canada
In 2022, overseas shipments of lentils decreased by -1.5% to 1.9M tons, falling for the second year in a row after two years of growth. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. As a result, the exports attained the peak of 3.1M tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lentil exports skyrocketed to $1.6B in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. As a result, the exports attained the peak of $1.7B. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Lentil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 73.9 | 275 | 282 | 373 | 71.5% |
| India | 245 | 528 | 326 | 302 | 7.2% |
| United Arab Emirates | 92.0 | 121 | 145 | 220 | 33.7% |
| Algeria | 27.4 | 33.8 | 56.8 | 77.7 | 41.5% |
| United States | 36.5 | 39.2 | 51.1 | 77.1 | 28.3% |
| Bangladesh | 71.8 | 106 | 77.5 | 76.6 | 2.2% |
| Pakistan | 48.2 | 48.7 | 49.9 | 74.9 | 15.8% |
| Colombia | 50.1 | 54.1 | 60.8 | 67.4 | 10.4% |
| Peru | 20.2 | 36.9 | 30.7 | 47.6 | 33.1% |
| Morocco | 15.2 | 45.7 | 15.4 | 41.7 | 40.0% |
| Egypt | 20.4 | 46.0 | 40.4 | 9.3 | -23.0% |
| Sri Lanka | 34.5 | 37.8 | 27.1 | 8.9 | -36.3% |
| Others | 169 | 287 | 236 | 263 | 15.9% |
| Total | 904 | 1,659 | 1,398 | 1,639 | 21.9% |
Top Export Markets for Lentil from Canada in 2022:
- Turkey (477.4K tons)
- India (413.9K tons)
- United Arab Emirates (250.6K tons)
- Bangladesh (95.1K tons)
- Pakistan (90.0K tons)
- United States (80.3K tons)
- Algeria (67.0K tons)
- Colombia (63.6K tons)
- Peru (44.5K tons)
- Morocco (40.0K tons)
- Sri Lanka (9.9K tons)
- Egypt (8.3K tons)
Lentil Imports in Canada
In 2022, supplies from abroad of lentils decreased by -24.8% to 59K tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of 105K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, lentil imports rose notably to $55M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 67%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Lentil in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.3 | 41.8 | 39.4 | 47.4 | 18.8% |
| India | 1.3 | 2.7 | 1.6 | 3.7 | 41.7% |
| Others | 2.5 | 9.2 | 9.7 | 3.5 | 11.9% |
| Total | 32.1 | 53.7 | 50.7 | 54.6 | 19.4% |
Top Suppliers of Lentil to Canada in 2022:
- United States (54.2K tons)
- India (2.6K tons)
This report provides an in-depth analysis of the lentil market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
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In September 2023, the Lentil market experienced an impressive growth rate of 336% compared to the previous month. Additionally, the value of lentil exports showed a remarkable increase, reaching $175M in October 2023.
228
In November 2022, the dry bean price stood at $1,068 per ton (FOB, Canada), waning by -2.5% against the previous month.
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In August 2022, the pulses price stood at $829 per ton (FOB, Canada), rising by 1.6% against the previous month.
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In June 2023, the price of Dry Peas, amounting to $502 per ton (FOB, Canada), increased by 8.1% compared to the previous month.
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In February 2023, the monophenols price amounted to $1,557 per ton (CIF, Canada), with an increase of 8% 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.
