India: Grain Market 2024

Grain Market Size in India

The Indian grain market declined modestly to $X in 2022, falling by X% against 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 consistent, with somewhat noticeable fluctuations throughout the analyzed period. Grain consumption peaked at $X in 2021, and then reduced slightly in the following year.

Grain Production in India

In value terms, grain production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Grain production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of cereal grains in India declined modestly to X tons per ha in 2022, stabilizing at 2021. 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 recorded in certain years. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. Over the period under review, the average grain yield attained the peak level at X tons per ha in 2021, and then contracted 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.

In 2022, the total area harvested in terms of cereal grains production in India declined to X ha, remaining relatively unchanged against 2021 figures. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2021, and then reduced slightly in the following year.

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Grain Exports

Exports from India

For the third consecutive year, India recorded growth in overseas shipments of cereal grains, which increased by X% to X tons in 2022. In general, exports posted a slight increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, grain exports soared to $X in 2022. Overall, exports continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Bangladesh (X tons) was the main destination for grain exports from India, accounting for a X% share of total exports. Moreover, grain exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Indonesia (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for cereal grains exports from India, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total exports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Nepal (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and the Philippines ($X per ton), while the average price for exports to Nepal ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Grain Imports

Imports into India

In 2022, after two years of decline, there was significant growth in purchases abroad of cereal grains, when their volume increased by X% to X tons. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, grain imports skyrocketed to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), France (X tons) and Australia (X tons) were the main suppliers of grain imports to India, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grain suppliers to India were Argentina ($X), France ($X) and Australia ($X), with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average grain import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price saw a modest expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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