United Kingdom - Lentils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLentil Price in the UK - 2023
Contents:
- Lentil Price in the UK (CIF) - 2023
- Lentil Price in the UK (FOB) - 2023
- Lentil Imports in the UK
- Lentil Exports in the UK
Lentil Price in the UK (CIF) - 2023
The average lentil import price stood at $1,205 per ton in June 2023, approximately equating the previous month. In general, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 9.1% month-to-month. Over the period under review, average import prices hit record highs at $1,411 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($1,377 per ton), while the price for Nigeria ($541 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 Canada (-0.5%), while the prices for the other major suppliers experienced a decline.
Lentil Price in the UK (FOB) - 2023
The average lentil export price stood at $1,787 per ton in June 2023, picking up by 4.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in July 2022 an increase of 11% m-o-m. The export price peaked at $1,879 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In June 2023, the highest price was recorded for prices to Ireland ($2,133 per ton) and Switzerland ($1,982 per ton), while the average price for exports to Cyprus ($1,639 per ton) and the Netherlands ($1,649 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Lentil Imports in the UK
In 2022, purchases abroad of lentils decreased by -1.2% to 28K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of 41K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, lentil imports expanded markedly to $37M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Lentil in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.6 | 15.1 | 13.0 | 18.8 | 21.0% |
| Turkey | 4.8 | 10.2 | 9.2 | 8.0 | 18.6% |
| India | 1.3 | 1.0 | 1.1 | 6.3 | 69.2% |
| France | 2.6 | 3.0 | 3.3 | 0.8 | -32.5% |
| United States | 0.1 | 0.7 | 0.6 | 0.6 | 81.7% |
| United Arab Emirates | 1.0 | 1.3 | 1.1 | 0.4 | -26.3% |
| Others | 3.0 | 5.2 | 4.9 | 1.9 | -14.1% |
| Total | 23.3 | 36.5 | 33.3 | 36.9 | 16.6% |
Top Suppliers of Lentil to the UK in 2022:
- Canada (14.8K tons)
- Turkey (6.1K tons)
- India (4.1K tons)
- United States (0.6K tons)
- United Arab Emirates (0.3K tons)
- France (0.3K tons)
Lentil Exports in the UK
In 2022, the amount of lentils exported from the UK totaled 2.5K tons, approximately mirroring 2021. In general, exports, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 4.2%. As a result, the exports attained the peak of 3.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lentil exports totaled $4.3M in 2022. Over the period under review, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports attained the peak of $7.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Lentil in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 1,511 | 1,223 | 518 | 963 | -13.9% |
| Sweden | 822 | 755 | 290 | 802 | -0.8% |
| France | 577 | 454 | 933 | 571 | -0.3% |
| Netherlands | 510 | 751 | 622 | 467 | -2.9% |
| Denmark | 343 | 351 | 346 | 290 | -5.4% |
| Norway | 31.8 | 114 | 201 | 211 | 87.9% |
| Germany | 936 | 1,461 | 84.6 | 150 | -45.7% |
| Iceland | 170 | 122 | 200 | 128 | -9.0% |
| United States | 120 | 197 | 308 | 128 | 2.2% |
| Portugal | 188 | 173 | 47.6 | 115 | -15.1% |
| South Africa | 65.0 | N/A | 5.0 | 109 | 18.8% |
| Turkey | N/A | N/A | 65.4 | 81.6 | 24.8% |
| Italy | 826 | 1,081 | 40.6 | 42.8 | -62.7% |
| Others | 799 | 1,067 | 310 | 268 | -30.5% |
| Total | 6,898 | 7,750 | 3,972 | 4,327 | -14.4% |
Top Export Markets for Lentil from the UK in 2022:
- Ireland (503.1 tons)
- Sweden (398.3 tons)
- France (395.7 tons)
- Netherlands (334.4 tons)
- Denmark (169.3 tons)
- Norway (103.4 tons)
- South Africa (94.1 tons)
- Germany (89.5 tons)
- United States (65.9 tons)
- Portugal (58.7 tons)
- Iceland (53.2 tons)
- Turkey (47.8 tons)
- Italy (21.6 tons)
This report provides an in-depth analysis of the lentil market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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