Peru: Lentil Market 2024

Lentil Market Size in Peru

The Peruvian lentil market shrank to $X in 2023, falling by X% against the previous year. In general, the total consumption indicated perceptible 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 decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Lentil Production in Peru

In value terms, lentil production shrank slightly to $X in 2023 estimated in export price. Overall, production, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of lentils in Peru dropped to X kg per ha, approximately mirroring the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. Over the period under review, the average lentil yield hit record highs at X kg per ha in 2014; however, from 2015 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the lentil harvested area in Peru rose to X ha, surging by X% on the year before. Overall, the harvested area, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The lentil harvested area peaked at X ha in 2013; however, from 2014 to 2023, the harvested area remained at a lower figure.

Lentil Exports

Exports from Peru

After two years of decline, overseas shipments of lentils increased by X% to X tons in 2023. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, lentil exports fell to $X in 2023. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for lentil exports from Peru, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Chile stood at X%.

In value terms, Chile ($X) also remains the key foreign market for lentils exports from Peru.

From 2012 to 2023, the average annual growth rate of value to Chile amounted to X%.

Export Prices by Country

The average lentil export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price showed a mild decline. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2023, the rate of growth in terms of prices for Chile amounted to X% per year.

Lentil Imports

Imports into Peru

After two years of decline, overseas purchases of lentils increased by X% to X tons in 2023. Overall, total imports indicated a notable expansion 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. Based on 2023 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, lentil imports fell to $X in 2023. In general, imports showed a temperate increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of lentil to Peru, accounting for 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), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada amounted to X%.

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

From 2012 to 2023, the average annual rate of growth in terms of value from Canada amounted to X%.

Import Prices by Country

In 2023, the average lentil import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, saw a slight increase. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell markedly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform