MERCOSUR: Lentil Market 2024

Lentil Market Size in MERCOSUR

The MERCOSUR lentil market fell to $X in 2023, leveling off at the previous year. The total consumption indicated a measured 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. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Lentil Production in MERCOSUR

In value terms, lentil production declined to $X in 2023 estimated in export price. The total production indicated a slight 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. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Argentina (X tons) remains the largest lentil producing country in MERCOSUR, accounting for X% of total volume. Moreover, lentil production in Argentina exceeded the figures recorded by the second-largest producer, Ecuador (X tons), more than tenfold. The third position in this ranking was held by Peru (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Argentina totaled X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Peru (X% per year).

The average lentil yield shrank markedly to X tons per ha in 2023, which is down by X% against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha, and then dropped dramatically 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.

The lentil harvested area declined to X ha in 2023, waning by X% compared with 2022 figures. The total harvested area indicated measured growth from 2012 to 2023: its figure 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. Based on 2023 figures, lentil harvested area increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to lentil production reached the maximum at X ha in 2022, and then declined in the following year.

Lentil Exports

Exports in MERCOSUR

In 2023, approx. X tons of lentils were exported in MERCOSUR; reducing by X% against the year before. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2022, and then fell notably in the following year.

In value terms, lentil exports dropped dramatically to $X in 2023. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of export peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

Argentina (X tons) and Colombia (X tons) prevails in exports structure, together creating X% of total exports. The following exporters - Chile (X tons), Peru (X tons) and Brazil (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Chile (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Colombia ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a noticeable increase from 2012 to 2023: its price 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. Based on 2023 figures, lentil export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Lentil Imports

Imports in MERCOSUR

In 2023, purchases abroad of lentils was finally on the rise to reach X tons after two years of decline. Total imports indicated a slight increase from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, lentil imports declined slightly to $X in 2023. Total imports indicated notable growth 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. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Colombia (X tons), distantly followed by Peru (X tons), Ecuador (X tons), Chile (X tons), Brazil (X tons) and Venezuela (X tons) represented the main importers of lentils, together making up X% of total imports. Argentina (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile, Brazil, Venezuela and Argentina lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price 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. Based on 2023 figures, lentil import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Brazil ($X per ton) and Chile ($X per ton), while Colombia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform