Martinique: Lentil Market 2020

Lentil Market Size in Martinique

The revenue of the lentil market in Martinique amounted to $X in 2018, falling by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Martinique lentil consumption peaked at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Lentil Production in Martinique

In value terms, lentil production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong expansion from 2007 to 2018: 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 2018 figures, lentil production decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, lentil production reached its maximum level at $X in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Average yield of lentils in Martinique amounted to X kg per ha in 2018, surging by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when yield increased by X% against the previous year. Over the period under review, the lentil yield reached its peak figure level in 2018 and is likely to continue its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Lentil harvested area in Martinique stood at X ha in 2018, leveling off at the previous year. Overall, the lentil harvested area continues to indicate a slight descent. The pace of growth appeared the most rapid in 2016 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to lentil production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area remained at a lower figure.

Lentil Exports

Exports by Country

Canada was the largest exporting country with an export of about X tons, which recorded X% of total exports. The U.S. (X tons) took the second position in the ranking, followed by Australia (X tons) and Kazakhstan (X tons). All these countries together occupied approx. X% share of total exports. Turkey (X tons), Russia (X tons) and the United Arab Emirates (X tons) occupied a relatively small share of total exports.

Exports from Canada increased at an average annual rate of +X% from 2007 to 2018. At the same time, Kazakhstan (+X%), Russia (+X%), Australia (+X%), the U.S. (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Canada, the U.S., Kazakhstan, Australia and Russia increased by +X%, +X%, +X%, +X% and +X% percentage points, while Turkey (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest lentil supplier from Martinique, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Canada stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Australia (+X% per year).

Export Prices by Country

In 2018, the lentil export price in Martinique amounted to $X per ton, stabilizing at the previous year. Over the period under review, the lentil export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Lentil Imports

Imports by Country

The imports of the four major importers of lentils, namely India, Turkey, the United Arab Emirates and Bangladesh, represented more than third of total import. Egypt (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Sri Lanka (X%) and Pakistan (X%). The following importers - Colombia (X tons), Mexico (X tons), Algeria (X tons), Sudan (X tons) and Spain (X tons) - each reached a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

In value terms, the largest lentil importing markets into Martinique were India ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

The United Arab Emirates recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The lentil import price in Martinique stood at $X per ton in 2018, approximately equating the previous year. Overall, the lentil import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Algeria ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Colombia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform