Chile: Lentil Market 2024

Lentil Market Size in Chile

The Chilean lentil market fell rapidly to $X in 2022, waning by -15.9% against the previous year. Over the period under review, consumption recorded a noticeable slump. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Lentil Production in Chile

In value terms, lentil production shrank notably to $X in 2022 estimated in export price. Over the period under review, production showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 130% against the previous year. Lentil production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of lentils in Chile rose rapidly to X kg per ha in 2022, growing by 12% compared with 2021. In general, the yield, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the yield increased by 102% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2017 to 2022, the growth of the average lentil 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 2022, the total area harvested in terms of lentils production in Chile declined to X ha, waning by -9.5% on the previous year. Overall, the total harvested area indicated notable growth from 2012 to 2022: its figure increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil harvested area increased by +11.8% against 2020 indices. The growth pace was the most rapid in 2017 when the harvested area increased by 67% against the previous year. Over the period under review, the harvested area dedicated to lentil production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Lentil Exports

Exports from Chile

After two years of decline, shipments abroad of lentils increased by 8.2% to X tons in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 8,122%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, lentil exports shrank rapidly to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 5,787% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Cuba (X tons) and Venezuela (X tons) were the main destinations of lentil exports from Chile.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of +97.3%).

In value terms, the largest markets for lentil exported from Chile were Venezuela ($X) and Cuba ($X).

Cuba, with a CAGR of +104.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average lentil export price amounted to $X per ton, declining by -22% against the previous year. In general, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2021 an increase of 87% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while the average price for exports to Cuba totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into Chile

In 2022, approx. X tons of lentils were imported into Chile; declining by -31.9% against 2021 figures. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 209% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lentil imports contracted to $X in 2022. In general, imports showed a mild reduction. The growth pace was the most rapid in 2020 when imports increased by 264%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Canada (X tons), Argentina (X tons) and the United States (X tons) were the main suppliers of lentil imports to Chile, together accounting for 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +14.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest lentil suppliers to Chile were Canada ($X), Argentina ($X) and the United States ($X), together comprising 98% of total imports.

Among the main suppliers, the United States, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lentil import price stood at $X per ton in 2022, picking up by 36% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil import price increased by +102.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 37% against the previous year. The import price peaked at $X per ton in 2016; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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