Spain - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in Spain - 2023
Contents:
- Lentil Price in Spain (CIF) - 2023
- Lentil Price in Spain (FOB) - 2023
- Lentil Imports in Spain
- Lentil Exports in Spain
Lentil Price in Spain (CIF) - 2023
The average lentil import price stood at $1,203 per ton in June 2023, picking up by 4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 6.1% m-o-m. Over the period under review, average import prices attained the peak figure in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($1,425 per ton), while the price for France ($581 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced a decline.
Lentil Price in Spain (FOB) - 2023
In June 2023, the average lentil export price amounted to $2,436 per ton, rising by 21% against the previous month. In general, export price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, lentil export price increased by +65.1% against March 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 36% m-o-m. The export price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Cuba ($10,913 per ton), while the average price for exports to Madagascar ($77.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in Spain
In 2022, supplies from abroad of lentils decreased by -10.5% to 35K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 59K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, lentil imports skyrocketed to $40M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
| Import of Lentil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.8 | 24.2 | 15.6 | 20.0 | -4.3% |
| Canada | 10.6 | 14.5 | 13.6 | 17.1 | 17.3% |
| Turkey | 0.1 | 0.6 | 0.4 | 0.8 | 100.0% |
| France | 0.4 | 0.4 | 0.3 | 0.7 | 20.5% |
| Others | 1.7 | 1.3 | 0.9 | 1.2 | -11.0% |
| Total | 35.6 | 41.0 | 30.8 | 39.8 | 3.8% |
Top Suppliers of Lentil to Spain in 2022:
- United States (17.1K tons)
- Canada (15.6K tons)
- France (1.1K tons)
- Turkey (0.5K tons)
Lentil Exports in Spain
In 2022, overseas shipments of lentils decreased by -36.4% to 3.5K tons, falling for the second year in a row after two years of growth. Overall, exports showed a slight reduction. The pace of growth appeared the most rapid in 2020 with an increase of 91% against the previous year. As a result, the exports attained the peak of 6.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lentil exports contracted significantly to $4.6M in 2022. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 105% against the previous year. As a result, the exports reached the peak of $6.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lentil in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 672 | 956 | 990 | 1,042 | 15.7% |
| France | 775 | 1,257 | 1,566 | 979 | 8.1% |
| Italy | 582 | 1,578 | 1,605 | 927 | 16.8% |
| Cuba | 123 | 202 | 204 | 380 | 45.6% |
| Portugal | 106 | 91.1 | 464 | 268 | 36.2% |
| Algeria | 161 | 423 | 283 | 176 | 3.0% |
| Netherlands | 64.9 | 177 | 123 | 132 | 26.7% |
| Morocco | 113 | 800 | 26.6 | 91.7 | -6.7% |
| Sweden | 41.1 | 102 | 51.4 | 80.5 | 25.1% |
| Germany | 42.7 | 80.2 | 47.3 | 71.2 | 18.6% |
| Others | 319 | 499 | 790 | 431 | 10.6% |
| Total | 3,000 | 6,163 | 6,151 | 4,579 | 15.1% |
Top Export Markets for Lentil from Spain in 2022:
- France (857.9 tons)
- Belgium (763.6 tons)
- Italy (745.0 tons)
- Cuba (218.6 tons)
- Algeria (169.0 tons)
- Portugal (150.8 tons)
- Netherlands (92.6 tons)
- Morocco (81.0 tons)
- Germany (58.7 tons)
- Sweden (55.3 tons)
This report provides an in-depth analysis of the lentil market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 201 - Lentils, dry
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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