Australia and Oceania: Lentil Market 2024

Lentil Market Size in Australia and Oceania

In 2023, the lentil market in Australia and Oceania decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a prominent expansion 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 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Lentil Production in Australia and Oceania

In value terms, lentil production stood at $X in 2023 estimated in export price. Over the period under review, production recorded a prominent increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Australia (X tons) remains the largest lentil producing country in Australia and Oceania, comprising approx. X% of total volume.

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

In 2023, the average yield of lentils in Australia and Oceania soared to X tons per ha, surging by X% on the previous year's figure. Over the period under review, the yield, however, showed a relatively flat trend pattern. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of lentils production in Australia and Oceania declined to X ha, falling by X% on 2022. Overall, the harvested area, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 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 Australia and Oceania

Lentil exports skyrocketed to X tons in 2023, jumping by X% compared with the previous year's figure. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, lentil exports surged to $X in 2023. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of lentils, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the lentils exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest lentil supplier in Australia and Oceania.

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

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, waning by X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price 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 export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Lentil Imports

Imports in Australia and Oceania

In 2023, overseas purchases of lentils were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. The total import volume 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 pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, lentil imports declined to $X in 2023. Total imports indicated a notable 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

New Zealand was the main importer of lentils in Australia and Oceania, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Australia (X tons) and French Polynesia (X tons), together achieving a X% share of total imports. New Caledonia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, New Zealand ($X), Australia ($X) and French Polynesia ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. 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 reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was New Caledonia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform