India - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia Sees a Rise in Cereal Exports, Reaching $32M in November 2023
India Cereals Exports
After five months of decline, shipments abroad of cereals increased by 20% to 74K tons in November 2023. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in May 2023 with an increase of 78% month-to-month.
In value terms, cereal exports totaled $32M (IndexBox estimates) in November 2023. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in May 2023 with an increase of 54% month-to-month.
| COUNTRY | Export Value of Cereals in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Nepal | 32.9 | 51.9 | 38.2 | 30.6 | 20.2 | 19.0 | 30.4 | 21.5 | 30.7 | 24.4 | 11.9 | 8.2 | 13.7 |
| Bangladesh | 57.5 | 67.1 | 43.5 | 34.2 | 24.2 | 3.5 | 13.2 | 6.6 | 6.0 | 18.2 | 12.9 | 10.7 | 6.1 |
| Vietnam | 27.8 | 54.7 | 48.0 | 60.3 | 37.6 | 35.3 | 59.4 | 55.5 | 41.9 | 0.8 | 0.2 | < 0.1 | 0.5 |
| Malaysia | 8.3 | 3.9 | 12.2 | 3.1 | 1.3 | 8.6 | 3.1 | 1.7 | 0.6 | 0.4 | 0.3 | 0.1 | < 0.1 |
| Others | 21.9 | 29.4 | 13.7 | 14.8 | 18.2 | 11.4 | 13.3 | 11.4 | 17.3 | 13.9 | 13.1 | 11.2 | 11.3 |
| Total | 148 | 207 | 156 | 143 | 102 | 77.7 | 119 | 96.7 | 96.6 | 57.7 | 38.4 | 30.2 | 31.7 |
Exports by Country
Nepal (44K tons) was the main destination for cereal exports from India, accounting for a 59% share of total exports. Moreover, cereal exports to Nepal exceeded the volume sent to the second major destination, Bangladesh (12K tons), fourfold. Vietnam (308 tons) ranked third in terms of total exports with a 0.4% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of volume to Nepal totaled -8.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bangladesh (-20.0% per month) and Vietnam (-37.7% per month).
In value terms, Nepal ($14M) emerged as the key foreign market for cereal exports from India, comprising 43% of total exports. The second position in the ranking was held by Bangladesh ($6.1M), with a 19% share of total exports. It was followed by Vietnam, with a 1.7% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of value to Nepal amounted to -7.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Bangladesh (-17.0% per month) and Vietnam (-28.0% per month).
Exports by Type
Maize (44K tons) was the largest type of cereal exported from India, accounting for a 59% share of total exports. Moreover, maize exceeded the volume of the second product type, wheat (17K tons), threefold. Millet (8.5K tons) ranked third in terms of total exports with an 11% share.
From November 2022 to November 2023, the average monthly growth rate of the volume of export of maize stood at -16.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: wheat (+35.2% per month) and millet (-2.8% per month).
In value terms, maize ($19M) remains the largest type of cereal exported from India, comprising 60% of total exports. The second position in the ranking was taken by wheat ($5.2M), with a 16% share of total exports. It was followed by millet, with a 14% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of the export volume of maize stood at -14.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: wheat (+32.4% per month) and millet (+1.0% per month).
Export Prices by Country
In November 2023, the cereals price amounted to $426 per ton (FOB, India), declining by -12.5% against the previous month. In general, export price indicated temperate growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, cereal export price decreased by -12.5% against October 2023 indices. The pace of growth appeared the most rapid in September 2023 an increase of 48% against the previous month. The export price peaked at $487 per ton in October 2023, and then contracted in the following month.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Vietnam ($1,760 per ton), while the average price for exports to Bhutan ($289 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cereal 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 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
