Brazil: Lentil Market 2024

Lentil Market Size in Brazil

The Brazilian lentil market declined to $X in 2023, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth 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. Based on 2023 figures, consumption increased by X% against 2019 indices. Lentil consumption peaked at $X in 2022, and then contracted modestly in the following year.

Lentil Exports

Exports from Brazil

In 2023, approx. X tons of lentils were exported from Brazil; surging by X% compared with 2022 figures. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, lentil exports soared to $X in 2023. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) was the main destination for lentil exports from Brazil, with a X% share of total exports. Moreover, lentil exports to Paraguay exceeded the volume sent to the second major destination, Marshall Islands (X tons), ninefold. Liberia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Paraguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (X% per year) and Liberia (X% per year).

In value terms, Paraguay ($X) remains the key foreign market for lentils exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with an X% share of total exports. It was followed by Liberia, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Paraguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (X% per year) and Liberia (X% per year).

Export Prices by Country

The average lentil export price stood at $X per ton in 2023, standing approx. at the previous year. Over the period under review, export price indicated measured growth 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Brazil

In 2023, approx. X tons of lentils were imported into Brazil; therefore, remained relatively stable against the previous year. Over the period under review, total imports indicated a slight increase from 2012 to 2023: its volume 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. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, lentil imports dropped modestly to $X in 2023. In general, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, Canada (X tons) was the main lentil supplier to Brazil, with a X% share of total imports. Moreover, lentil imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

In value terms, Canada ($X) constituted the largest supplier of lentils to Brazil, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

Import Prices by Country

The average lentil import price stood at $X per ton in 2023, approximately equating the previous year. Overall, the import price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform