MERCOSUR: Lentil Market 2024

Lentil Market Size in MERCOSUR

The MERCOSUR lentil market contracted modestly to $X in 2023, remaining constant against the previous year. The total consumption indicated a perceptible increase 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 2021 to 2023, the growth of the market failed to regain momentum.

Lentil Production in MERCOSUR

In value terms, lentil production dropped to $X in 2023 estimated in export price. The total production indicated modest 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. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Argentina (X tons) remains the largest lentil producing country in MERCOSUR, accounting for X% of total volume. Moreover, lentil production in Argentina exceeded the figures recorded by the second-largest producer, Ecuador (X tons), more than tenfold. Peru (X tons) ranked third in terms of total production with a X% share.

In Argentina, lentil production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Peru (X% per year).

The average lentil yield dropped rapidly to X tons per ha in 2023, which is down by X% compared with the year before. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha, and then declined sharply 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.

In 2023, approx. X ha of lentils were harvested in MERCOSUR; with a decrease of X% on 2022 figures. The total harvested area indicated a notable expansion from 2012 to 2023: its figure 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 harvested area increased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to lentil production attained the maximum at X ha in 2022, and then contracted in the following year.

Lentil Exports

Exports in MERCOSUR

Lentil exports contracted rapidly to X tons in 2023, falling by X% compared with 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then contracted sharply in the following year.

In value terms, lentil exports reduced notably to $X in 2023. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then reduced notably in the following year.

Exports by Country

Argentina (X tons) and Colombia (X tons) prevails in exports structure, together creating X% of total exports. The following exporters - Peru (X tons), Chile (X tons) and Brazil (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Colombia ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Export price indicated a measured expansion 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 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 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 Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Lentil Imports

Imports in MERCOSUR

In 2023, supplies from abroad of lentils increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Total imports indicated a mild expansion 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 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, lentil imports declined to $X in 2023. Total imports indicated temperate 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. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Colombia (X tons), distantly followed by Peru (X tons), Ecuador (X tons), Chile (X tons), Brazil (X tons) and Venezuela (X tons) were the key importers of lentils, together creating X% of total imports. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Argentina (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Peru ($X) and Ecuador ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile, Brazil, Venezuela and Argentina lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Import price indicated a modest increase 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 import price increased by X% against 2019 indices. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Brazil ($X per ton) and Chile ($X per ton), while Colombia ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform