Lebanon is a country in the Middle East. It has a population of around 4 million people and its capital city is Beirut. Lebanon has a GDP per capita of $8,000 and the mother language of Lebanon is Arabic. The Basmati rice market in Lebanon was valued at USD 540 million in 2016 and reach to approximately USD 790 million by 2020, registering a CAGR of 5% during 2017-2020.
The increase in the demand for rice can be attributed to the rising popularity of Indian food among Lebanese consumers and the increasing number of Indian restaurants across the country. This trend is further fuelled by an increased awareness about health benefits associated with eating rice.
Basmati Rice Demand in Lebanon
Basmati rice has a strong demand in Lebanon. The country’s population is about 4.5 million and the estimated per capita income is $8,000.
Rice is popular among Lebanese people because of its long grain and aroma. The rice is suitable for making pilaf, biriyani (Indian cooked rice dish) and pulao.
The demand for bulk basmati rice in Lebanon has increased due to the increase in population and income level of people. As a result, the price of rice has increased from $100/ton to $150/ton. This increase has created opportunities for exporters from India and Pakistan to export their rice for sale in Lebanon.
Indian Basmati Rice Export To Lebanon
India is the largest and oldest producer of rice in the world. Rice export from India is one of the most popular and famous traditional products with its unique flavor, aroma, taste and rich nutrients.
India is one of the top exporters of rice in the world. The rice exports from India are mainly exported to different parts of the world such as Africa, South East Asia, North America and Europe. The major countries where India exports rice are UAE, Saudi Arabia, Iran and Iraq.
Indian Basmati Rice Exports To Lebanon:
The total rice export from India has increased substantially in recent years due to strong demand for this product across the globe. It has been reported that around 1 million tonnes of Indian basmati rice were exported to various countries during 2017-2018 which includes Lebanon (around 100000 tons), Malaysia (around 700000 tons) and Egypt (around 500000 tons).
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