United Kingdom: Lentil Market 2024

Lentil Market Size in the UK

The UK lentil market expanded rapidly to $X in 2022, picking up by 8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Lentil Exports

Exports from the UK

In 2022, the amount of lentils exported from the UK stood at X tons, approximately mirroring 2021. In general, total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.0% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lentil exports rose sharply to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 39%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X tons), Sweden (X tons) and France (X tons) were the main destinations of lentil exports from the UK, with a combined 52% share of total exports. The Netherlands, Denmark, Norway, South Africa, Germany, the United States, Portugal, Iceland, Turkey and Italy lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +96.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lentil exported from the UK were Ireland ($X), Sweden ($X) and France ($X), together comprising 54% of total exports. The Netherlands, Denmark, Norway, Germany, Iceland, the United States, Portugal, South Africa, Turkey and Italy lagged somewhat behind, together comprising a further 40%.

Iceland, with a CAGR of +91.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lentil export price amounted to $X per ton, rising by 8.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lentil Imports

Imports into the UK

In 2022, purchases abroad of lentils decreased by -1.2% to X tons, falling for the second consecutive year after four years of growth. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% 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 lower figure.

In value terms, lentil imports totaled $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of lentil to the UK, with a 54% share of total imports. Moreover, lentil imports from Canada exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. India (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.5% per year) and India (+20.9% per year).

In value terms, Canada ($X) constituted the largest supplier of lentils to the UK, comprising 51% of total imports. The second position in the ranking was held by Turkey ($X), with a 22% share of total imports. It was followed by India, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.0% per year) and India (+19.7% per year).

Import Prices by Country

The average lentil import price stood at $X per ton in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($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 Arab Emirates (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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