Asia: Poppy Seed Market 2024

Poppy Seed Market Size in Asia

The Asian poppy seed market surged to $X in 2022, with an increase of X% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Poppy Seed Production in Asia

In value terms, poppy seed production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Turkey (X tons) remains the largest poppy seed producing country in Asia, accounting for X% of total volume. Moreover, poppy seed production in Turkey exceeded the figures recorded by the second-largest producer, China (X tons), fourfold. The third position in this ranking was taken by Palestine (X tons), with a X% share.

In Turkey, poppy seed production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and Palestine (X% per year).

The average poppy seed yield skyrocketed to X tons per ha in 2022, rising by X% against the previous year. Overall, the yield saw temperate growth. The growth pace was the most rapid in 2016 when the yield increased by X%. Over the period under review, the poppy seed yield attained the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of poppy seed in Asia fell to X ha, declining by X% on the previous year. Overall, the harvested area continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X% 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 poppy seed harvested area remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Poppy Seed Exports

Exports in Asia

In 2022, overseas shipments of poppy seed increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, poppy seed exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of poppy seed, creating X% of total exports. It was distantly followed by China (X tons), committing a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, Turkey ($X) remains the largest poppy seed supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, 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 Turkey ($X per ton), while China amounted to $X per ton.

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

Poppy Seed Imports

Imports in Asia

In 2022, supplies from abroad of poppy seed was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports showed a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, poppy seed imports soared to $X in 2022. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Nepal (X tons) and Malaysia (X tons), together generating an X% share of total imports. Kazakhstan (X tons) and Israel (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to poppy seed imports into India stood at X%. At the same time, Nepal (X%), Malaysia (X%) and Israel (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Nepal (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported poppy seed in Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, approximately mirroring the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kazakhstan ($X per ton) and India ($X per ton), while Israel ($X per ton) and Nepal ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :