ASEAN: Lentil Market 2024

Lentil Market Size in ASEAN

The ASEAN lentil market soared to $X in 2023, growing by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Lentil Production in ASEAN

In value terms, lentil production fell modestly to $X in 2023 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Myanmar (X tons) remains the largest lentil producing country in ASEAN, accounting for X% of total volume. Moreover, lentil production in Myanmar exceeded the figures recorded by the second-largest producer, Vietnam (X tons), ninefold.

From 2012 to 2023, the average annual growth rate of volume in Myanmar stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

The average lentil yield reduced notably to X tons per ha in 2023, declining by X% compared with 2022. In general, the yield showed a deep slump. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then plummeted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of lentils production in ASEAN fell to X ha, declining by X% on the previous year. Over the period under review, the harvested area continues to indicate a pronounced descent. The growth pace was the most rapid in 2022 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2023, the harvested area failed to regain momentum.

Lentil Exports

Exports in ASEAN

In 2023, the amount of lentils exported in ASEAN fell remarkably to X tons, dropping by X% compared with the previous year. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, lentil exports contracted markedly to $X in 2023. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

In 2023, Myanmar (X tons) represented the major exporter of lentils, achieving X% of total exports. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. The following exporters - Thailand (X tons) and Singapore (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to lentil exports from Myanmar stood at X%. Thailand (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Myanmar (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Myanmar ($X) remains the largest lentil supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Myanmar, lentil exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price enjoyed modest growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Lentil Imports

Imports in ASEAN

In 2023, purchases abroad of lentils was finally on the rise to reach X tons after three years of decline. Total imports indicated a noticeable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-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 $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Malaysia was the largest importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Singapore (X tons), mixing up a X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Vietnam (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported lentils in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Vietnam ($X per ton) and Malaysia ($X per ton), while Singapore ($X per ton) and Lao People's Democratic Republic ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform