Asia: Potato Market 2024

Potato Market Size in Asia

The Asian potato market contracted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Potato Production in Asia

In value terms, potato production shrank to $X in 2022 estimated in export price. The total production indicated a buoyant expansion 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were China (X tons), India (X tons) and Bangladesh (X tons), with a combined X% share of total production. Pakistan, Turkey, Kazakhstan, Uzbekistan and Nepal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average potato yield in Asia expanded slightly to X tons per ha, growing by X% compared with the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the potato 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 potatoes in Asia reached X ha, approximately mirroring the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to potato production attained the peak figure in 2022 and is likely to continue growth in years to come.

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Potato Exports

Exports in Asia

In 2022, the amount of potatoes exported in Asia surged to X tons, rising by X% against the previous year's figure. Total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, potato exports skyrocketed to $X in 2022. Total exports indicated a resilient increase 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, exports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Pakistan (X tons) represented the main exporter of potatoes, committing X% of total exports. China (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%), Kazakhstan (X%), Iran (X%) and Israel (X%). The following exporters - Turkey (X tons), Azerbaijan (X tons), Cyprus (X tons), Bangladesh (X tons), Kyrgyzstan (X tons), Lebanon (X tons) and Syrian Arab Republic (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to potato exports from Pakistan stood at X%. At the same time, Kazakhstan (X%), India (X%), Iran (X%), Bangladesh (X%), Azerbaijan (X%), Turkey (X%), China (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Kyrgyzstan and Cyprus experienced a relatively flat trend pattern. By contrast, Israel (X%) and Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan, India, Kazakhstan and Iran increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Pakistan ($X) and India ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Israel, Iran, Cyprus, Azerbaijan, Turkey, Kazakhstan, Lebanon, Bangladesh, Syrian Arab Republic and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 Cyprus ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Potato Imports

Imports in Asia

For the fourth year in a row, Asia recorded growth in supplies from abroad of potatoes, which increased by X% to X tons in 2022. Total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, potato imports surged to $X in 2022. Total imports indicated strong 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, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

In 2022, Uzbekistan (X tons), followed by Afghanistan (X tons), Nepal (X tons), the United Arab Emirates (X tons), Malaysia (X tons) and Azerbaijan (X tons) were the major importers of potatoes, together making up X% of total imports. The following importers - Sri Lanka (X tons), Iraq (X tons), Oman (X tons), Turkmenistan (X tons), Vietnam (X tons), Lebanon (X tons) and Israel (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Uzbekistan ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Nepal, Azerbaijan, Oman, Afghanistan, Israel, Vietnam, Lebanon, Sri Lanka, Iraq and Turkmenistan lagged somewhat behind, together comprising a further X%.

Azerbaijan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform