Asia: Papaya Market Overview 2021

Papaya Market Size in Asia

After three years of decline, the Asian papaya market increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market failed to regain the momentum.

Papaya Production in Asia

In value terms, papaya production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2020, production remained at a lower figure.

India (X tonnes) remains the largest papaya producing country in Asia, comprising approx. X% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, Indonesia (X tonnes), sixfold. The Philippines (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in India totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+X% per year) and the Philippines (+X% per year).

The average papaya yield reached X tonnes per ha in 2020, picking up by X% on the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2012 when the yield increased by X% year-to-year. The level of yield peaked at X tonnes per ha in 2014; however, from 2015 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the papaya harvested area in Asia amounted to X ha, surging by X% on 2019. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. The level of harvested area peaked in 2020 and is expected to retain growth in the immediate term.

Production by Country in Asia

India (X tonnes) constituted the country with the largest volume of papaya production, comprising approx. X% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, Indonesia (X tonnes), sixfold. The Philippines (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in India stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+X% per year) and the Philippines (+X% per year).

Papaya Exports

Exports in Asia

In 2020, exports of papayas in Asia rose remarkably to X tonnes, picking up by X% against 2019. Total exports indicated a measured increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the near future.

In value terms, papaya exports dropped to $X in 2020. Total exports indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2019, and then declined in the following year.

Exports by Country

Malaysia was the key exporter of papayas in Asia, with the volume of exports reaching X tonnes, which was near X% of total exports in 2020. It was distantly followed by Sri Lanka (X tonnes), China (X tonnes) and India (X tonnes), together constituting a X% share of total exports. The Philippines (X tonnes), the United Arab Emirates (X tonnes) and Thailand (X tonnes) took a relatively small share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the largest papaya supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

In China, papaya exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

In 2020, the papaya export price in Asia amounted to $X per tonne, falling by -X% against the previous year. in general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was the Philippines ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced mixed trends in the export price figures.

Papaya Imports

Imports in Asia

In 2020, imports of papayas in Asia stood at X tonnes, flattening at the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, papaya imports shrank to $X in 2020. Total imports indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the United Arab Emirates (X tonnes) represented the largest importer of papayas, mixing up X% of total imports. Singapore (X tonnes) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), Macao SAR (X%) and China (X%). The following importers - Japan (X tonnes) and Brunei Darussalam (X tonnes) - each resulted at a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the papayas imports, with a CAGR of +X% from 2007 to 2020. at the same time, Brunei Darussalam (+X%), Macao SAR (+X%) and Singapore (+X%) displayed positive paces of growth. by contrast, China (-X%), Japan (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+X p.p.), Singapore (+X p.p.), Brunei Darussalam (+X p.p.) and Macao SAR (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of China (-X p.p.), Japan (-X p.p.) and Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, the largest papaya importing markets in Asia were the United Arab Emirates ($X), Singapore ($X) and Hong Kong SAR ($X), with a combined X% share of total imports.

In terms of the main importing countries, the United Arab Emirates saw 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 papaya import price in Asia stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while Brunei Darussalam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform