South-Eastern Asia: Lentil Market 2024

Lentil Market Size in South-Eastern Asia

The Southeast Asian lentil market soared to $X in 2023, rising by X% against the previous year. The total consumption indicated a resilient 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 at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Lentil Production in South-Eastern Asia

In value terms, lentil production fell to $X in 2023 estimated in export price. Over the period under review, production faced a deep slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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), ninefold.

In Myanmar, lentil production decreased by an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (X% per year) and Thailand (X% per year).

The average lentil yield declined notably to X tons per ha in 2023, which is down by X% compared with 2022. In general, the yield showed a deep downturn. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then reduced rapidly 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.

In 2023, the total area harvested in terms of lentils production in South-Eastern Asia contracted to X ha, waning by X% against the year before. Overall, the harvested area showed a perceptible descent. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to lentil production reached the maximum at X ha in 2015; however, from 2016 to 2023, the harvested area stood at a somewhat lower figure.

Lentil Exports

Exports in South-Eastern Asia

Lentil exports contracted rapidly to X tons in 2023, with a decrease of X% on the previous year's figure. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, lentil exports reduced notably to $X in 2023. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Myanmar was the largest exporter of lentils in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X tons), achieving a X% share of total exports. Thailand (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from Myanmar decreased at an average annual rate of X% from 2012 to 2023. Thailand (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. Myanmar (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Myanmar ($X) remains the largest lentil supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($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 totaled 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

The export price in South-Eastern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price showed a modest expansion. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($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 mixed trends in the export price figures.

Lentil Imports

Imports in South-Eastern Asia

In 2023, overseas purchases of lentils increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Total imports indicated notable 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 skyrocketed to $X in 2023. Total imports indicated measured 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. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia was the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Singapore (X tons), mixing up a X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Vietnam (X tons) - each resulted at 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 ($X) constitutes the largest market for imported lentils in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Malaysia, 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: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked 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