New Zealand - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in New Zealand - 2023
Contents:
- Lentil Price in New Zealand (CIF) - 2023
- Lentil Price in New Zealand (FOB) - 2022
- Lentil Imports in New Zealand
- Lentil Exports in New Zealand
Lentil Price in New Zealand (CIF) - 2023
The average lentil import price stood at $1,263 per ton in July 2023, shrinking by -9.2% against the previous month. In general, the import price saw a mild descent. The most prominent rate of growth was recorded in February 2023 an increase of 25% against the previous month. As a result, import price reached the peak level of $1,741 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Myanmar ($1,410 per ton) and India ($1,296 per ton), while the price for the United Arab Emirates ($1,025 per ton) and Australia ($1,054 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Myanmar (-0.3%), while the prices for the other major suppliers experienced a decline.
Lentil Price in New Zealand (FOB) - 2022
In 2022, the average lentil export price amounted to $2,293 per ton, shrinking by -11.3% against the previous year. Overall, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 154%. As a result, the export price reached the peak level of $2,957 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Solomon Islands ($5,525 per ton), while the average price for exports to Malaysia ($1,602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in New Zealand
In 2022, supplies from abroad of lentils decreased by -12.1% to 1.8K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 35%. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, lentil imports dropped modestly to $2.4M in 2022. The total import value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 51% against the previous year. As a result, imports reached the peak of $2.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Lentil in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 452 | 642 | 826 | 855 | 23.7% |
| Myanmar | 1.3 | N/A | 1.5 | 503 | 628.7% |
| Canada | 310 | 643 | 596 | 430 | 11.5% |
| India | 371 | 702 | 528 | 289 | -8.0% |
| United Arab Emirates | 113 | 190 | 113 | 105 | -2.4% |
| Turkey | 201 | 192 | 140 | 99.1 | -21.0% |
| Italy | 95.4 | 38.5 | 167 | 57.2 | -15.7% |
| United States | 94.9 | 53.9 | 0.1 | 23.9 | -36.8% |
| Others | 71.5 | 118 | 97.8 | 39.6 | -17.9% |
| Total | 1,711 | 2,580 | 2,469 | 2,402 | 12.0% |
Top Suppliers of Lentil to New Zealand in 2022:
- Australia (792.2 tons)
- Myanmar (340.3 tons)
- Canada (243.8 tons)
- India (168.1 tons)
- United Arab Emirates (80.2 tons)
- Turkey (41.3 tons)
- Italy (40.7 tons)
- United States (18.5 tons)
Lentil Exports in New Zealand
Lentil exports from New Zealand surged to 11 tons in 2022, growing by 47% compared with 2021 figures. In general, exports, however, saw a precipitous slump.
In value terms, lentil exports soared to $24K in 2022. Overall, exports, however, showed a abrupt contraction.
| Export of Lentil in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | 0.1 | 1.2 | 9.2 | 859.2% |
| French Polynesia | 2.9 | 3.4 | 2.5 | 3.5 | 6.5% |
| Solomon Islands | 3.5 | 2.1 | 2.2 | 2.8 | -7.2% |
| Cook Islands | 1.7 | 1.7 | 1.3 | 2.2 | 9.0% |
| Norfolk Island | 1.2 | 1.1 | 1.0 | 1.7 | 12.3% |
| New Caledonia | N/A | 1.3 | 1.8 | 0.9 | -16.8% |
| Fiji | 0.8 | 1.5 | 0.5 | 0.9 | 4.0% |
| Australia | 15.4 | 24.9 | 6.9 | 0.7 | -64.3% |
| India | 9.6 | N/A | N/A | N/A | 0% |
| Singapore | N/A | 7.4 | N/A | N/A | 0% |
| Others | 0.4 | 1.0 | 1.2 | 2.5 | 84.2% |
| Total | 35.6 | 44.4 | 18.6 | 24.3 | -12.0% |
Top Export Markets for Lentil from New Zealand in 2022:
- Malaysia (5.8 tons)
- French Polynesia (1.5 tons)
- Norfolk Island (0.6 tons)
- Cook Islands (0.6 tons)
- Solomon Islands (0.5 tons)
- Australia (0.3 tons)
- New Caledonia (0.3 tons)
- Fiji (0.3 tons)
This report provides an in-depth analysis of the lentil market in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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
-
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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