Southern Asia: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Southern Asia

The South Asian mushroom and truffle market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption enjoyed a significant increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Mushroom And Truffle Production in Southern Asia

In value terms, mushroom and truffle production skyrocketed to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of mushroom and truffle production was India (X tons), accounting for X% of total volume.

In India, mushroom and truffle production expanded at an average annual rate of X% over the period from 2012-2022.

Mushroom And Truffle Exports

Exports in Southern Asia

In 2022, overseas shipments of mushrooms and truffles decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports saw a slight slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, mushroom and truffle exports reached $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India was the key exporter of mushrooms and truffles in Southern Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by Pakistan (X%). Bhutan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the mushrooms and truffles exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. By contrast, Bhutan (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Sri Lanka (X p.p.) and Bhutan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, the largest mushroom and truffle supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Bhutan ($X), together accounting for X% of total exports.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Bhutan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (X%), while the other leaders experienced mixed trends in the export price figures.

Mushroom And Truffle Imports

Imports in Southern Asia

In 2022, supplies from abroad of mushrooms and truffles increased by X% to X tons, rising for the eighth year in a row after two years of decline. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, mushroom and truffle imports soared to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Nepal was the major importing country with an import of about X tons, which finished at X% of total imports. Maldives (X tons) ranks second in terms of the total imports with a X% share, followed by Bhutan (X%). Afghanistan (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

Imports into Nepal increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Bhutan (X%), Maldives (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Nepal, Maldives and Bhutan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mushroom and truffle importing markets in Southern Asia were Maldives ($X), Nepal ($X) and Afghanistan ($X), together accounting for X% of total imports.

In terms of the main importing countries, Maldives, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Southern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a perceptible slump. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform