Southern Asia: Grain Market 2024

Grain Market Size in Southern Asia

The South Asian grain market reached $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Southern Asia

In value terms, grain production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of grain production was India (X tons), accounting for X% of total volume. Moreover, grain production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), sixfold. Pakistan (X tons) ranked third in terms of total production with a X% share.

In India, grain production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

The average grain yield reduced modestly to X tons per ha in 2022, remaining stable against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area shrank to X ha in 2022, therefore, remained relatively stable against the previous year. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2021, and then contracted in the following year.

Grain Exports

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in overseas shipments of grain, which increased by X% to X tons in 2022. Overall, exports showed slight growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, grain exports soared to $X in 2022. In general, exports recorded tangible growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grain exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest grain supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, grain exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Grain Imports

Imports in Southern Asia

After three years of growth, supplies from abroad of grain decreased by X% to X tons in 2022. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, grain imports contracted to $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Bangladesh (X tons) represented the major importer of grain, generating X% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a X% share, followed by Nepal (X%) and Sri Lanka (X%). Afghanistan (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grain imports into Bangladesh stood at X%. At the same time, Pakistan (X%), India (X%), Afghanistan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. From 2012 to 2022, the share of Bangladesh and Pakistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), Pakistan ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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