U.S. - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in the United States - 2023
Contents:
- Lentil Price in the United States (FOB) - 2023
- Lentil Price in the United States (CIF) - 2023
- Lentil Exports in the United States
- Lentil Imports in the United States
Lentil Price in the United States (FOB) - 2023
In August 2023, the average lentil export price amounted to $987 per ton, surging by 4.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 11% month-to-month. The export price peaked at $994 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In August 2023, the countries with the highest prices were Peru ($1,171 per ton) and Chile ($1,128 per ton), while the average price for exports to Ecuador ($882 per ton) and Canada ($896 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Price in the United States (CIF) - 2023
In August 2023, the average lentil import price amounted to $756 per ton, rising by 6.7% against the previous month. In general, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in May 2023 an increase of 8.9% month-to-month. The import price peaked at $990 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was India ($1,114 per ton), while the price for Canada stood at $738 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (-1.5%).
Lentil Exports in the United States
In 2022, shipments abroad of lentils decreased by -15.4% to 170K tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 25% against the previous year. As a result, the exports reached the peak of 329K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, lentil exports surged to $160M in 2022. The total export value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $180M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lentil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 29.5 | 40.5 | 47.6 | 49.5 | 18.8% |
| Mexico | 10.4 | 17.5 | 17.2 | 20.0 | 24.4% |
| Spain | 21.6 | 19.5 | 13.1 | 18.6 | -4.9% |
| Sudan | 7.5 | 18.6 | 3.5 | 17.5 | 32.6% |
| Colombia | 4.9 | 11.5 | 9.9 | 10.1 | 27.3% |
| China | 4.4 | 7.9 | 2.7 | 7.7 | 20.5% |
| Peru | 7.2 | 10.3 | 9.0 | 5.4 | -9.1% |
| Italy | 2.5 | 4.3 | 4.1 | 4.1 | 17.9% |
| Greece | 1.5 | 1.3 | 2.4 | 3.2 | 28.7% |
| India | 26.2 | 16.7 | 1.4 | N/A | -76.9% |
| Others | 11.2 | 32.1 | 27.5 | 23.7 | 28.4% |
| Total | 127 | 180 | 138 | 160 | 8.0% |
Top Export Markets for Lentil from the United States in 2022:
- Canada (55.5K tons)
- Spain (21.1K tons)
- Mexico (20.9K tons)
- Sudan (15.9K tons)
- Colombia (11.0K tons)
- China (8.8K tons)
- Peru (5.9K tons)
- Italy (4.1K tons)
- Greece (3.4K tons)
Lentil Imports in the United States
Lentil imports into the United States surged to 86K tons in 2022, jumping by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lentil imports surged to $86M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lentil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 36.2 | 36.8 | 47.0 | 74.3 | 27.1% |
| India | 2.8 | 3.1 | 3.7 | 5.3 | 23.7% |
| Turkey | 2.5 | 4.9 | 3.0 | 3.3 | 9.7% |
| Others | 3.7 | 4.6 | 3.4 | 3.0 | -6.8% |
| Total | 45.2 | 49.3 | 57.1 | 85.9 | 23.9% |
Top Suppliers of Lentil to the United States in 2022:
- Canada (78.3K tons)
- India (4.0K tons)
- Turkey (1.8K tons)
This report provides an in-depth analysis of the lentil market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 June 2022, the lentil price per tonamounted to $924 per ton, reducing by -4.4% against the previous month.
1155
The average export lentil price per ton stood at $892 in Apr 2022, reducing by -8.6% against the previous month.
307
As of July 2023, the price of pigeon peas amounted to $1,742 per ton (CIF, US), showing a 1.9% increase compared to the previous month.
272
Dry Bean exports decreased to $40M in July 2023 in terms of value.
372
In July 2022, the pulses price per ton amounted to $996, surging by 2.2% against the previous month.
418
The pulses price per ton stood at $1,025 (FOB, US) in May 2022, remaining stable against the previous month.
309
In June 2023, the price of dry peas reached $685 per ton (FOB, US), experiencing a decrease of -4.9% compared to the previous month.
275
In November 2022, the cow peas price stood at $1,087 per ton (FOB, US), approximately reflecting the previous month.
420
In August 2022, the chick peas price per ton amounted to $952.1 (FOB, US), falling by -10% against the previous month.
404
In value terms, fresh chicken cut exports declined to $67M in April 2023.
