Saudi Arabia: Lentil Market Overview 2021

Lentil Market Size in Saudi Arabia

The Saudi lentil market was finally on the rise to reach $X in 2020, after four years of decline. Over the period under review, the total consumption indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Lentil Exports

Exports from Saudi Arabia

Lentil exports from Saudi Arabia fell to X tonnes in 2020, shrinking by -X% compared with 2019. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, lentil exports shrank to $X in 2020. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for lentil exports from Saudi Arabia, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Sweden stood at +X%.

In value terms, Sweden ($X) also remains the key foreign market for lentil exports from Saudi Arabia.

From 2007 to 2020, the average annual rate of growth in terms of value to Sweden was relatively modest.

Export Prices by Country

The average lentil export price stood at $X per tonne in 2020, declining by -X% against the previous year. Overall, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2017 to 2020, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Sweden amounted to -X% per year.

Lentil Imports

Imports into Saudi Arabia

In 2020, imports of lentils into Saudi Arabia rose to X tonnes, increasing by X% compared with 2019 figures. Overall, total imports indicated prominent growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, lentil imports surged to $X in 2020. In general, total imports indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tonnes) constituted the largest lentil supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, lentil imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), threefold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Canada (+X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of lentil to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the United Arab Emirates totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2020, the average lentil import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price, however, showed a pronounced slump. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Syrian Arab Republic ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform