Thailand: Lentil Market Overview 2021

Lentil Market Size in Thailand

The Thai lentil market surged to $X in 2020, picking up 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). Over the period under review, consumption, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Lentil Exports

Exports from Thailand

In 2020, the amount of lentils exported from Thailand declined sharply to X tonnes, falling by -X% compared with 2019 figures. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, lentil exports shrank significantly to $X in 2020. In general, exports showed a deep slump. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

India (X tonnes), South Africa (X tonnes) and Canada (X tonnes) were the main destinations of lentil exports from Thailand, with a combined X% share of total exports. Switzerland and Australia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland, while exports for the other leaders experienced a decline.

In value terms, India ($X), South Africa ($X) and Canada ($X) constituted the largest markets for lentil exported from Thailand worldwide, with a combined X% share of total exports. Switzerland and Australia lagged somewhat behind, together comprising a further X terms of the main countries of destination, Switzerland 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

In 2020, the average lentil export price amounted to $X per tonne, which is down by -X% against the previous year. Overall, export price indicated a notable increase from 2007 to 2020: its price 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, lentil export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Thailand

In 2020, the amount of lentils imported into Thailand soared to X tonnes, rising by X% on the previous year. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, lentil imports totaled $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tonnes), the U.S. (X tonnes) and India (X tonnes) were the main suppliers of lentil imports to Thailand, together comprising X% of total imports. These countries were followed by Myanmar, Canada, Spain and the United Arab Emirates, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of lentil to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-X% per year) and Australia (+X% per year).

Import Prices by Country

The average lentil import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform