Global Lentil Market 2024

Lentil Market Size

In 2023, the global lentil market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent 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, consumption increased by X% against 2019 indices. Global consumption peaked in 2023 and is likely to see steady growth in years to come.

Lentil Production

In value terms, lentil production reached $X in 2023 estimated in export price. The total output value 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 throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Global production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were Australia (X tons), Canada (X tons) and India (X tons), with a combined X% share of global production. Turkey, Nepal, Russia, the United States, Bangladesh, China and Ethiopia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Russia (with a CAGR of X%), while production for the other global leaders experienced more modest paces of growth.

The global average lentil yield expanded rapidly to X tons per ha in 2023, increasing by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. Over the period under review, the average lentil yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global lentil harvested area fell to X ha in 2023, which is down by X% against the previous year. The harvested area 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 appeared the most rapid in 2016 when the harvested area increased by X%. The global harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area stood at a somewhat lower figure.

Lentil Exports

Exports

In 2023, the amount of lentils exported worldwide surged to X tons, increasing by X% against the year before. Over the period under review, total exports indicated a prominent increase from 2012 to 2023: its volume 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, exports increased by X% against 2021 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lentil exports surged to $X in 2023. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Canada (X tons) and Australia (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Turkey (X tons) and the United States (X tons), together committing a X% share of total exports. The following exporters - India (X tons), Russia (X tons) and the United Arab Emirates (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X), Australia ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of global exports. The United States, India, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average lentil export price stood at $X per ton in 2023, dropping by X% against the previous year. In general, export price indicated a slight expansion 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 export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Australia ($X per ton) was amongst the lowest.

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

Lentil Imports

Imports

After two years of decline, overseas purchases of lentils increased by X% to X tons in 2023. Over the period under review, total imports indicated a buoyant increase from 2012 to 2023: its volume 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lentil imports soared to $X in 2023. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, global imports reached the maximum in 2023 and are likely to see steady growth in the near future.

Imports by Country

India represented the main importer of lentils in the world, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%) and the United Arab Emirates (X%). Pakistan (X tons), Sri Lanka (X tons), Canada (X tons), Egypt (X tons), Morocco (X tons), Iraq (X tons), Colombia (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Morocco (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

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

In India, lentil imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the average lentil import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, import price indicated a slight increase 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 pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Sri Lanka ($X per ton) was 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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform