Australia: Lentil Market 2022

Lentil Market Size in Australia

The Australian lentil market reached $X in 2021, approximately equating the previous year. In general, consumption showed significant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Lentil Production in Australia

In value terms, lentil production contracted rapidly to $X in 2021 estimated in export price. In general, production posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Lentil production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

In 2021, the average yield of lentils in Australia was estimated at X tons per ha, with an increase of X% against the year before. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. The lentil yield peaked in 2021 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of lentils production in Australia expanded rapidly to X ha, growing by X% on 2020. Over the period under review, the harvested area saw resilient growth. 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 reached the maximum in 2021 and is expected to retain growth in years to come.

Lentil Exports

Exports from Australia

In 2021, overseas shipments of lentils increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, lentil exports soared to $X in 2021. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Bangladesh (X tons) was the main destination for lentil exports from Australia, with a X% share of total exports. Moreover, lentil exports to Bangladesh exceeded the volume sent to the second major destination, Sri Lanka (X tons), twofold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+X% per year) and India (+X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for lentil exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+X% per year) and India (+X% per year).

Export Prices by Country

The average lentil export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were India ($X per ton) and Nepal ($X per ton), while the average price for exports to Pakistan ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Australia

In 2021, approx. X tons of lentils were imported into Australia; which is down by -X% on the year before. Overall, imports saw a deep slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, lentil imports dropped sharply to $X in 2021. In general, imports recorded a perceptible decrease. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of lentil to Australia, accounting for a X% share of total imports. Moreover, lentil imports from Canada exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Turkey (-X% per year).

In value terms, Canada ($X) constituted the largest supplier of lentil to Australia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Sri Lanka (+X% per year).

Import Prices by Country

In 2021, the average lentil import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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