Southern Asia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Southern Asia

In 2023, the South Asian lettuce and chicory market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Lettuce And Chicory Production in Southern Asia

In value terms, lettuce and chicory production declined to $X in 2023 estimated in export price. The total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

India (X tons) remains the largest lettuce and chicory producing country in Southern Asia, comprising approx. X% 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 2023, the average annual growth rate of volume in India was relatively modest.

In 2023, the average lettuce and chicory yield in Southern Asia contracted to X tons per ha, remaining stable against the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2015; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of lettuce and chicory in Southern Asia dropped modestly to X ha, remaining stable against the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to lettuce and chicory production attained the maximum at X ha in 2019; however, from 2020 to 2023, the harvested area remained at a lower figure.

Lettuce And Chicory Exports

Exports in Southern Asia

In 2023, overseas shipments of lettuce and chicory decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, exports saw a perceptible decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, lettuce and chicory exports contracted rapidly to $X in 2023. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India represented the major exporting country with an export of about X tons, which amounted to X% of total exports. Bangladesh (X tons) ranks second in terms of the total exports with a X% share, followed by Nepal (X%) and Pakistan (X%). Sri Lanka (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to lettuce and chicory exports from India stood at X%. At the same time, Pakistan (X%), Bangladesh (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bangladesh, Nepal and Pakistan increased by X, X and X percentage points, respectively.

In value terms, the largest lettuce and chicory supplying countries in Southern Asia were Bangladesh ($X), India ($X) and Nepal ($X), together comprising X% of total exports.

Among the main exporting countries, Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Lettuce And Chicory Imports

Imports in Southern Asia

In 2023, approx. X tons of lettuce and chicory were imported in Southern Asia; growing by X% against the previous year. Overall, imports saw a measured increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, lettuce and chicory imports skyrocketed to $X in 2023. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Pakistan (X tons) and Maldives (X tons) prevails in imports structure, together making up X% of total imports. Afghanistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Maldives ($X) constitutes the largest market for imported lettuce and chicory in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

In Maldives, lettuce and chicory imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform