Asia-Pacific: Lentil Market 2024

Lentil Market Size in Asia-Pacific

In 2022, the Asia-Pacific lentil market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Lentil Production in Asia-Pacific

In value terms, lentil production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were India (X tons), Australia (X tons) and Nepal (X tons), together accounting for X% of total production.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average lentil yield reduced slightly to X tons per ha in 2022, approximately equating 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2018; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of lentils in Asia-Pacific reached X ha, approximately equating the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the lentil harvested area remained at a lower figure.

Lentil Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in overseas shipments of lentils, which increased by X% to X tons in 2022. In general, exports posted a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, lentil exports surged to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), achieving a X% share of total exports.

Exports from Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of Australia (X p.p.) and India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest lentil supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports.

In Australia, lentil exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Lentil Imports

Imports in Asia-Pacific

In 2022, purchases abroad of lentils decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lentil imports rose notably to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons) and Bangladesh (X tons) prevails in imports structure, together generating X% of total imports. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together mixing up an X% share of total imports. Nepal (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported lentils in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform