China - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in China - 2023
Contents:
- Lentil Price in China (CIF) - 2023
- Lentil Price in China (FOB) - 2023
- Lentil Imports in China
- Lentil Exports in China
Lentil Price in China (CIF) - 2023
In June 2023, the average lentil import price amounted to $943 per ton, approximately equating the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in July 2022 an increase of 28% against the previous month. As a result, import price reached the peak level of $1,046 per ton. From August 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($990 per ton), while the price for Myanmar ($668 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.6%), while the prices for the other major suppliers experienced a decline.
Lentil Price in China (FOB) - 2023
The average lentil export price stood at $1,680 per ton in June 2023, shrinking by -3.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 14% against the previous month. As a result, the export price reached the peak level of $1,744 per ton, and then reduced slightly in the following month.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Hungary ($1,913 per ton) and Italy ($1,741 per ton), while the average price for exports to Singapore ($1,323 per ton) and Belgium ($1,723 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in China
After two years of decline, overseas purchases of lentils increased by 60% to 26K tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, lentil imports soared to $23M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lentil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 6.6 | 4.7 | 9.4 | 18.1% |
| Myanmar | 0.2 | 1.4 | 2.8 | 8.7 | 251.7% |
| Turkey | 3.9 | 3.2 | 3.9 | 4.7 | 6.4% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 9.9 | 11.2 | 11.4 | 22.7 | 31.9% |
Top Suppliers of Lentil to China in 2022:
- Myanmar (11.8K tons)
- United States (9.3K tons)
- Turkey (4.5K tons)
Lentil Exports in China
In 2022, approx. 5.1K tons of lentils were exported from China; picking up by 6.6% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 29%. As a result, the exports attained the peak of 9.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, lentil exports surged to $6.7M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Export of Lentil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.9 | 1.9 | 1.0 | 3.0 | 49.4% |
| France | 1.5 | 3.2 | 2.8 | 2.3 | 15.3% |
| Italy | 0.9 | 1.6 | 0.7 | 0.6 | -12.6% |
| Slovenia | N/A | N/A | 0.2 | 0.2 | 0.0% |
| United Arab Emirates | 2.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.9 | 0.5 | 0.6 | 26.0% |
| Total | 6.3 | 7.6 | 5.2 | 6.7 | 2.1% |
Top Export Markets for Lentil from China in 2022:
- Belgium (2.3K tons)
- France (1.8K tons)
- Italy (0.4K tons)
- Slovenia (0.1K tons)
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
-
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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