Eastern Asia: Lentil Market 2024

Lentil Market Size in Eastern Asia

In 2022, the East Asian lentil market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a measured expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lentil Production in Eastern Asia

In value terms, lentil production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of lentil production was China (X tons), accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled X%.

In 2022, the average lentil yield in Eastern Asia reached X tons per ha, approximately equating 2021 figures. 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 observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. Over the period under review, the lentil yield reached the peak level in 2022 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lentils production in Eastern Asia amounted to X ha, standing approx. at the year before. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

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Lentil Exports

Exports in Eastern Asia

Lentil exports expanded rapidly to X tons in 2022, with an increase of X% against the previous year's figure. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lentil exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the lentils exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest lentil supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a moderate increase 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 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Lentil Imports

Imports in Eastern Asia

Lentil imports soared to X tons in 2022, growing by X% on 2021 figures. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, lentil imports soared to $X in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

China dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), generating a X% share of total imports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the lentils imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported lentils in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a slight slump. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform