South-Eastern Asia: Lentil Market 2024

Lentil Market Size in South-Eastern Asia

The Southeast Asian lentil market surged to $X in 2023, rising by X% against the previous year. The total consumption indicated a remarkable increase 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 consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Lentil Production in South-Eastern Asia

In value terms, lentil production dropped to $X in 2023 estimated in export price. Overall, production faced a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Myanmar (X tons) remains the largest lentil producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, lentil production in Myanmar exceeded the figures recorded by the second-largest producer, Vietnam (X tons), sixfold.

From 2012 to 2023, the average annual growth rate of volume in Myanmar totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (X% per year) and Thailand (X% per year).

In 2023, the average lentil yield in South-Eastern Asia fell markedly to X tons per ha, declining by X% compared with the previous year's figure. Overall, the yield showed a abrupt decrease. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then fell dramatically 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.

The lentil harvested area fell to X ha in 2023, with a decrease of X% on the previous year's figure. In general, the harvested area saw a pronounced contraction. The most prominent rate of growth was recorded in 2022 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2023, the harvested area failed to regain momentum.

Lentil Exports

Exports in South-Eastern Asia

In 2023, lentil exports in South-Eastern Asia dropped sharply to X tons, waning by X% compared with 2022. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, lentil exports dropped sharply to $X in 2023. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Myanmar was the main exporter of lentils in South-Eastern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Malaysia (X tons) held the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took approx. X% share of total exports. Singapore (X tons) and Indonesia (X tons) held a relatively small share of total exports.

Exports from Myanmar decreased at an average annual rate of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Myanmar, Thailand and Indonesia increased by X, X and X percentage points, respectively.

In value terms, Myanmar ($X) remains the largest lentil supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms 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

In 2023, the export price in South-Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a buoyant expansion from 2012 to 2023: its price 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, lentil export price decreased by X% against 2020 indices. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($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 more modest paces of growth.

Lentil Imports

Imports in South-Eastern Asia

In 2023, purchases abroad of lentils was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Total imports indicated a moderate 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. As a result, imports reached 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 moderate 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 remained at a lower figure.

Imports by Country

Malaysia represented the major importing country with an import of about 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 accounted for 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.

From 2012 to 2023, the average annual growth rate of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

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