ASEAN: Lentil Market 2024

Lentil Market Size in ASEAN

The ASEAN lentil market soared to $X in 2023, increasing 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Lentil Production in ASEAN

In value terms, lentil production fell slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

The country with the largest volume of lentil production was Myanmar (X tons), comprising approx. X% of total volume. Moreover, lentil production in Myanmar exceeded the figures recorded by the second-largest producer, Vietnam (X tons), sixfold.

In Myanmar, lentil production contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

In 2023, the average yield of lentils in ASEAN shrank significantly to X tons per ha, which is down by X% on the previous year's figure. Overall, the yield saw a deep slump. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then shrank markedly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The lentil harvested area dropped to X ha in 2023, with a decrease of X% on 2022 figures. Over the period under review, the harvested area saw a pronounced shrinkage. The growth pace was the most rapid in 2022 with an increase of X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2023, the harvested area stood at a somewhat lower figure.

Lentil Exports

Exports in ASEAN

In 2023, lentil exports in ASEAN reduced markedly to X tons, dropping by X% against the previous year. Over the period under review, exports faced a dramatic decline. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, lentil exports fell sharply to $X in 2023. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

In 2023, Myanmar (X tons) represented the major exporter of lentils, making up X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%). The following exporters - Singapore (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to lentil exports from Myanmar stood at X%. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.), Thailand (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Myanmar ($X) remains the largest lentil supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Myanmar amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, picking up by X% against the previous year. Export price indicated a remarkable 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 decreased by X% against 2020 indices. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Lentil Imports

Imports in ASEAN

In 2023, purchases abroad of lentils was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Total imports indicated temperate growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lentil imports surged to $X in 2023. Total imports indicated a measured 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. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Malaysia was the key importer of lentils in ASEAN, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Singapore (X tons), creating a X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Vietnam (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported lentils in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Vietnam ($X per ton) and Malaysia ($X per ton), while Singapore ($X per ton) and Lao People's Democratic Republic ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform