Sri Lanka - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Sri Lanka - 2021
Contents:
- Lentil Price in Sri Lanka (CIF) - 2022
- Lentil Price in Sri Lanka (FOB) - 2022
- Lentil Imports in Sri Lanka
- Lentil Exports in Sri Lanka
Lentil Price in Sri Lanka (CIF) - 2022
In 2022, the average lentil import price amounted to $945 per ton, increasing by 47% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +121.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,353 per ton), while the price for Canada ($921 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Lentil Price in Sri Lanka (FOB) - 2022
In 2022, the average lentil export price amounted to $1,068 per ton, increasing by 25% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($1,214 per ton) and Qatar ($1,155 per ton), while the average price for exports to Maldives ($970 per ton) and India ($1,027 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in Sri Lanka
In 2022, after three years of growth, there was significant decline in purchases abroad of lentils, when their volume decreased by -26.3% to 133K tons. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 0.9%. As a result, imports attained the peak of 180K tons, and then declined sharply in the following year.
In value terms, lentil imports reached $125M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Lentil in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 36.9 | 55.6 | 77.0 | 101 | 39.9% |
| Canada | 40.7 | 36.3 | 34.3 | 15.5 | -27.5% |
| India | 1.3 | 0.1 | 0.1 | 6.6 | 71.9% |
| Others | 1.0 | 5.4 | 4.6 | 1.7 | 19.3% |
| Total | 80.0 | 97.4 | 116 | 125 | 16.0% |
Top Suppliers of Lentil to Sri Lanka in 2022:
- Australia (109.3K tons)
- Canada (16.9K tons)
- India (4.9K tons)
Lentil Exports in Sri Lanka
In 2022, shipments abroad of lentils decreased by -62.5% to 1.3K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 829% against the previous year. As a result, the exports attained the peak of 29K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, lentil exports shrank significantly to $1.4M in 2022. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 894% against the previous year. As a result, the exports attained the peak of $21M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lentil in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 11,869 | 726 | 995 | -71.0% |
| Malaysia | 253 | 747 | 146 | 165 | -13.3% |
| Qatar | 1,220 | 4,296 | 1,945 | 139 | -51.5% |
| Maldives | 76.6 | 217 | 32.5 | 29.3 | -27.4% |
| France | 2.1 | 93.1 | 27.0 | 29.1 | 140.2% |
| Japan | 17.2 | 80.3 | 13.2 | 27.4 | 16.8% |
| Mauritius | 267 | 977 | 23.9 | N/A | -70.1% |
| Others | 248 | 2,431 | 131 | 44.2 | -43.7% |
| Total | 2,084 | 20,711 | 3,045 | 1,429 | -11.8% |
Top Export Markets for Lentil from Sri Lanka in 2022:
- India (969.3 tons)
- Malaysia (144.0 tons)
- Qatar (120.0 tons)
- Maldives (30.2 tons)
- France (24.0 tons)
- Japan (24.0 tons)
This report provides an in-depth analysis of the lentil market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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
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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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