Southern Asia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Southern Asia

The South Asian lettuce and chicory market reduced to $X in 2022, declining by -5.5% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Lettuce And Chicory Production in Southern Asia

In value terms, lettuce and chicory production reduced to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -29.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 125%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The country with the largest volume of lettuce and chicory production was India (X tons), accounting for 96% of total volume. Moreover, lettuce and chicory production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in India was relatively modest.

In 2022, the average lettuce and chicory yield in Southern Asia was estimated at X tons per ha, leveling off at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 0.6%. Over the period under review, the lettuce and chicory yield attained the maximum level at X tons per ha in 2015; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the lettuce and chicory harvested area in Southern Asia was estimated at X ha, remaining stable against 2021. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 5% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the lettuce and chicory harvested area failed to regain momentum.

Lettuce And Chicory Exports

Exports in Southern Asia

In 2022, overseas shipments of lettuce and chicory decreased by -41.4% to X tons, falling for the second consecutive year after four years of growth. In general, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when exports increased by 136%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, lettuce and chicory exports fell dramatically to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 44%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, India (X tons) was the largest exporter of lettuce and chicory, making up 78% of total exports. It was distantly followed by Bangladesh (X tons), generating a 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lettuce and chicory exports from India stood at -1.8%. At the same time, Bangladesh (+18.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +18.5% from 2012-2022. Bangladesh (+17 p.p.) and India (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lettuce and chicory supplying countries in Southern Asia were Bangladesh ($X) and India ($X).

Among the main exporting countries, Bangladesh, with a CAGR of +28.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, declining by -7.7% against the previous year. In general, the export price saw a perceptible decrease. The pace of growth was the most pronounced in 2013 when the export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.5%).

Lettuce And Chicory Imports

Imports in Southern Asia

In 2022, the amount of lettuce and chicory imported in Southern Asia rose significantly to X tons, surging by 12% on the previous year. Over the period under review, imports recorded a measured expansion. The growth pace was the most rapid in 2019 when imports increased by 507% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, lettuce and chicory imports reduced to $X in 2022. Overall, imports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 97% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Pakistan prevails in imports structure, amounting to X tons, which was approx. 88% of total imports in 2022. It was distantly followed by Maldives (X tons), committing a 7.4% share of total imports. Afghanistan (X tons) held a minor share of total imports.

Pakistan was also the fastest-growing in terms of the lettuce and chicory imports, with a CAGR of +54.2% from 2012 to 2022. At the same time, Maldives (+18.6%) displayed positive paces of growth. By contrast, Afghanistan (-23.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan and Maldives increased by +86 and +5.4 percentage points, respectively.

In value terms, the largest lettuce and chicory importing markets in Southern Asia were Maldives ($X), Pakistan ($X) and Afghanistan ($X), together accounting for 94% of total imports.

Pakistan, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -23.8% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by 153% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the 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 Afghanistan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+14.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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