Saudi Arabia: Lentil Market 2022

Lentil Market Size in Saudi Arabia

The Saudi lentil market shrank to $X in 2021, which is down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Lentil Exports

Exports from Saudi Arabia

In 2021, overseas shipments of lentils were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lentil exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X tons), Kenya (X tons) and the United Arab Emirates (X tons) were the main destinations of lentil exports from Saudi Arabia, together comprising X% of total exports. These countries were followed by Sudan, Sweden and Bahrain, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, the largest markets for lentil exported from Saudi Arabia were Yemen ($X), Kenya ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Sudan, Sweden and Bahrain lagged somewhat behind, together comprising a further X the main countries of destination, Bahrain, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average lentil export price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lentil export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Saudi Arabia

In 2021, after four years of growth, there was decline in overseas purchases of lentils, when their volume decreased by -X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then fell modestly in the following year.

In value terms, lentil imports shrank to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 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. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of lentil 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 tons), threefold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms 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 ($X) constituted the largest supplier of lentil to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +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 2021, the average lentil import price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Turkey ($X per ton) and the United Arab Emirates ($X per ton), while the price for Canada ($X per ton) and Syrian Arab Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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