Southern Asia: Groundnuts Market 2024

Groundnuts Market Size in Southern Asia

The South Asian groundnuts market stood at $X in 2022, rising by X% against the previous year. The total consumption indicated a prominent 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Groundnuts Production in Southern Asia

In value terms, groundnuts production rose remarkably to $X in 2022 estimated in export price. The total production indicated measured 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The country with the largest volume of groundnuts production was India (X tons), comprising approx. X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in India stood at X%.

In 2022, the average groundnuts yield in Southern Asia was estimated at X tons per ha, with an increase of X% on 2021 figures. The yield indicated a remarkable increase from 2012 to 2022: its figure 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, groundnuts yield decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 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 total area harvested in terms of ground-nut (in-shell) production in Southern Asia fell to X ha, declining by X% compared with 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then contracted in the following year.

Groundnuts Exports

Exports in Southern Asia

In 2022, shipments abroad of ground-nut (in-shell) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports skyrocketed to $X in 2022. In general, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Afghanistan (X tons), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to groundnuts exports from India stood at X%. At the same time, Afghanistan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Afghanistan increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest groundnuts supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total exports.

In India, groundnuts exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Afghanistan stood at $X per ton.

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

Groundnuts Imports

Imports in Southern Asia

In 2022, after four years of decline, there was significant growth in purchases abroad of ground-nut (in-shell), when their volume increased by X% to X tons. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, groundnuts imports skyrocketed to $X in 2022. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nepal (X tons) and Afghanistan (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Pakistan (X tons), comprising a X% share of total imports. Bangladesh (X tons) held a relatively small share of total imports.

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

In value terms, the largest groundnuts importing markets in Southern Asia were Afghanistan ($X), Nepal ($X) and Pakistan ($X), with a combined X% share of total imports. These countries were followed by Bangladesh, which accounted for a further X%.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 Southern Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated tangible growth 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. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Afghanistan ($X per ton) and Bangladesh ($X per ton), while Pakistan ($X per ton) and Nepal ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :