Argentina: Lentil Market Overview 2021

Lentil Market Size in Argentina

In 2019, the Argentinian lentil market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. In general, consumption, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Lentil consumption peaked at $X in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

Lentil Production in Argentina

In value terms, lentil production contracted significantly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Lentil production peaked at $X in 2018, and then dropped dramatically in the following year.

The average yield of lentils in Argentina was estimated at X tonnes per ha in 2019, therefore, remained relatively stable against the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the average lentil yield reached the maximum level at X tonnes per ha in 2014; afterwards, it flattened through to 2019. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of lentils production in Argentina shrank modestly to X ha, approximately mirroring 2018. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to lentil production reached the peak figure at X ha in 2007; however, from 2008 to 2019, the harvested area remained at a lower figure.

Lentil Exports

Exports from Argentina

For the fourth year in a row, Argentina recorded decline in shipments abroad of lentils, which decreased by -X% to X tonnes in 2019. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, lentil exports shrank rapidly to $X in 2019. Over the period under review, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for lentil exports from Argentina, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Viet Nam was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Viet Nam was relatively modest.

Export Prices by Country

The average lentil export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Viet Nam.

From 2007 to 2019, the rate of growth in terms of prices for Viet Nam amounted to X% per year.

Lentil Imports

Imports into Argentina

In 2019, the amount of lentils imported into Argentina contracted sharply to X tonnes, falling by -X% against the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, lentil imports dropped to $X in 2019. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Canada (X tonnes) was the main lentil supplier to Argentina, with a X% share of total imports. It was followed by the U.S. (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Canada stood at -X%.

In value terms, Canada ($X) constituted the largest supplier of lentil to Argentina, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Canada stood at -X%.

Import Prices by Country

In 2019, the average lentil import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lentil import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Canada amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lentils in the world?

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India (2.1M tonnes) constituted the country with the largest volume of lentil consumption, comprising approx. 28% of total volume. Moreover, lentil consumption in India exceeded the figures recorded by the second-largest consumer, Canada (984K tonnes), twofold. The third position in this ranking was occupied by Bangladesh (656K tonnes), with a 8.7% share.

What are the largest producers of lentils in the world?

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Canada (3.1M tonnes) remains the largest lentil producing country worldwide, accounting for 44% of total volume. Moreover, lentil production in Canada exceeded the figures recorded by the second-largest producer, India (1.3M tonnes), twofold. The U.S. (411K tonnes) ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of lentils to Argentina?

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In value terms, Canada ($325K) constituted the largest supplier of lentil to Argentina, comprising 96% of total imports. The second position in the ranking was occupied by the U.S. ($7.8K), with a 2.3% share of total imports.

What is the average export price for lentils in Argentina?

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The average lentil export price stood at $827 per tonne in 2019, dropping by -20.5% against the previous year.

What is the average import price for lentils in Argentina?

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The average lentil import price stood at $1,150 per tonne in 2019, surging by 10% against the previous year.