Southern Asia: Lentil Market 2024

Lentil Market Size in Southern Asia

The South Asian lentil market surged to $X in 2023, rising by X% against the previous year. 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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Lentil Production in Southern Asia

In value terms, lentil production rose to $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 in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The country with the largest volume of lentil production was India (X tons), accounting for X% of total volume. Moreover, lentil production in India exceeded the figures recorded by the second-largest producer, Nepal (X tons), sixfold.

In India, lentil production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Nepal (X% per year) and Bangladesh (X% per year).

In 2023, the average lentil yield in Southern Asia rose modestly to X tons per ha, increasing by X% against 2022 figures. The yield figure increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2023, the growth of the lentil yield remained at a 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 Southern Asia rose to X ha, picking up by X% on the previous year's figure. Overall, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to lentil production attained the maximum at X ha in 2018; however, from 2019 to 2023, the harvested area remained at a lower figure.

Lentil Exports

Exports in Southern Asia

In 2023, approx. X tons of lentils were exported in Southern Asia; increasing by X% on the year before. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, lentil exports soared to $X in 2023. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the lentils exports, with a CAGR of X% from 2012 to 2023. Nepal (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nepal (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

Lentil Imports

Imports in Southern Asia

In 2023, purchases abroad of lentils increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, lentil imports surged to $X in 2023. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in the near future.

Imports by Country

India was the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and Sri Lanka (X tons), together committing a X% share of total imports. Nepal (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2023. 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 Southern Asia, 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 ($X) constitutes the largest market for imported lentils in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, 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: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated a mild 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 import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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