Lentil Market Overview in Armenia
In value terms, lentil production reached $ in 2019 estimated in export prices. Over the period under review, production posted a resilient expansion. The pace of growth appeared the most rapid in 2010 with an increase of % year-to-year. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in the near future.
In 2019, the average yield of lentils in Armenia totaled tonnes per ha, surging by % on the previous year's figure. In general, the yield recorded a measured increase. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. As a result, the yield attained the peak level of tonnes per ha. From 2011 to 2019, the growth of the average lentil yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of lentils were harvested in Armenia; shrinking by -% on 2018 figures. Overall, the harvested area saw a pronounced slump. The pace of growth was the most pronounced in 2010 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to lentil production attained the peak figure at ha in 2015; however, from 2016 to 2019, the harvested area remained at a lower figure.
The revenue of the lentil market in Armenia dropped rapidly to $ in 2019, reducing by -% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Lentil consumption peaked at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.