Asia-Pacific: Lentil Market 2024

Lentil Market Size in Asia-Pacific

The Asia-Pacific lentil market skyrocketed to $X in 2023, increasing by X% against the previous year. The total consumption indicated prominent growth 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. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Lentil Production in Asia-Pacific

In value terms, lentil production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of lentil production was Australia (X tons), accounting for X% of total volume. Moreover, lentil production in Australia exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was held by Nepal (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Australia stood at X%. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Nepal (X% per year).

In 2023, the average lentil yield in Asia-Pacific surged to X tons per ha, rising by X% on the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the yield reached the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of lentils in Asia-Pacific contracted slightly to X ha, remaining constant against the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2023, the growth of the lentil harvested area remained at a somewhat lower figure.

Lentil Exports

Exports in Asia-Pacific

For the fifth year in a row, Asia-Pacific recorded growth in shipments abroad of lentils, which increased by X% to X tons in 2023. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, lentil exports skyrocketed to $X in 2023. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by India (X tons), generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to lentil exports from Australia stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Australia and India increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest lentil supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In Australia, lentil exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Australia totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Lentil Imports

Imports in Asia-Pacific

After two years of decline, purchases abroad of lentils increased by X% to X tons in 2023. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, lentil imports surged to $X in 2023. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the near future.

Imports by Country

India represented the main importer of lentils in Asia-Pacific, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%) and Sri Lanka (X%). Nepal (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to lentil imports into India stood at X%. At the same time, Nepal (X%), Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. While the share of India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bangladesh (X p.p.), Pakistan (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported lentils in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. Import price indicated modest 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 growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Pakistan ($X per ton) and India ($X per ton), while Sri Lanka ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform