Southern Asia: Lentil Market 2024

Lentil Market Size in Southern Asia

The South Asian lentil market surged to $X in 2023, with an increase of X% against the previous year. The total consumption indicated buoyant 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 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 expanded to $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 throughout the analyzed period. The pace of growth appeared the most rapid 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 stood at a somewhat lower figure.

India (X tons) remains the largest lentil producing country in Southern Asia, comprising approx. X% of total volume. Moreover, lentil production in India exceeded the figures recorded by the second-largest producer, Nepal (X tons), sixfold.

From 2012 to 2023, the average annual growth rate of volume in India stood at X%. In the other countries, the average annual rates were as follows: Nepal (X% per year) and Bangladesh (X% per year).

The average lentil yield was estimated at X tons per ha in 2023, with an increase of X% on 2022. 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 pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2023, the growth of the lentil yield remained 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 harvested area of lentils in Southern Asia totaled X ha, growing by X% compared with 2022. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of harvested area peaked 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, the amount of lentils exported in Southern Asia surged to X tons, growing by X% compared with 2022 figures. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, lentil exports skyrocketed to $X in 2023. In general, exports recorded a buoyant increase. 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 peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. The following exporters - Nepal (X tons) and Sri Lanka (X tons) - each resulted at a X% share of total exports.

India was also the fastest-growing in terms of the lentils exports, with a CAGR of X% from 2012 to 2023. Sri Lanka (X%) and 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 Sri Lanka (X p.p.) and 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.

In India, lentil exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Nepal (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a 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 ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Lentil Imports

Imports in Southern Asia

After two years of decline, purchases abroad of lentils increased by X% to X tons in 2023. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, lentil imports skyrocketed to $X in 2023. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

India represented the key importer of lentils in Southern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Bangladesh (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%) and Pakistan (X%). Nepal (X tons) followed a long way behind the leaders.

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 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 ($X) constitutes the largest market for imported lentils in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated a mild 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 import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked 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 Bangladesh ($X per ton) and Nepal ($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