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India - Lentils - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

India - Lentils - Market Analysis, Forecast, Size, Trends and Insights

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Mar 9, 2023

Lentil Price in India Increases Notably to $761 per Ton

India Lentil Import Price in November 2022

In November 2022, the lentil price amounted to $761 per ton (CIF, India), picking up by 4.9% against the previous month. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in May 2022 an increase of 18% month-to-month. As a result, import price attained the peak level of $926 per ton. From June 2022 to November 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2022, the highest price was recorded for prices from the United Arab Emirates ($908 per ton) and Canada ($873 per ton), while the price for Australia ($693 per ton) and Curacao ($751 per ton) were amongst the lowest.

From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

India Lentil Imports

Lentil imports into India contracted notably to 68K tons in November 2022, waning by -18.9% compared with the previous month. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in May 2022 when imports increased by 263% month-to-month. Imports peaked at 116K tons in August 2022; however, from September 2022 to November 2022, imports failed to regain momentum.

In value terms, lentil imports fell to $52M (IndexBox estimates) in November 2022. Over the period under review, imports, however, saw temperate growth. The pace of growth was the most pronounced in May 2022 with an increase of 329% month-to-month. Over the period under review, imports attained the maximum at 101K tons in August 2022; however, from September 2022 to November 2022, imports failed to regain momentum.

India Lentil Imports by Country

In November 2022, Australia (36K tons) constituted the largest supplier of lentil to India, accounting for a 53% share of total imports. Moreover, lentil imports from Australia exceeded the figures recorded by the second-largest supplier, Canada (18K tons), twofold. Curacao (10K tons) ranked third in terms of total imports with a 15% share.

From January 2022 to November 2022, the average monthly growth rate of volume from Australia totaled +6.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (-1.1% per month) and Curacao (0.0% per month).

In value terms, the largest lentil suppliers to India were Australia ($25M), Canada ($15M) and Curacao ($7.5M), with a combined 93% share of total imports. the United Arab Emirates lagged somewhat behind, comprising a further 5.3%.

the United Arab Emirates, with a CAGR of +48.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Lentil Market Overview

The lentil market in India is quite large and growing rapidly. Factors such as population growth, rising incomes, and changing dietary preferences are all driving demand for lentils. The Indian government's recent decision to increase import tariffs on lentils has also had an impact on the market, as domestic prices have risen sharply. As a result, many consumers are now turning to cheaper alternatives such as beans and chickpeas. Nevertheless, the lentil market in India still has great potential for growth in the future.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lentil market in India. 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:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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