Southern Asia: Nuts Market 2024

Nuts Market Size in Southern Asia

The South Asian nuts market expanded notably to $X in 2022, increasing by X% against the previous year. Overall, consumption posted buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Nuts Production in Southern Asia

In value terms, nuts production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest nuts producing country in Southern Asia, comprising approx. X% of total volume. Moreover, nuts production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), sevenfold. Afghanistan (X tons) ranked third in terms of total production with a X% share.

In India, nuts production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Afghanistan (X% per year).

In 2022, the average yield of nuts in Southern Asia dropped to X tons per ha, with a decrease of X% against the year before. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of yield peaked at X tons per ha in 2021, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of nuts were harvested in Southern Asia; with a decrease of X% against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to nuts production attained the peak figure at X ha in 2021, and then reduced modestly in the following year.

Nuts Exports

Exports in Southern Asia

In 2022, exports of nuts in Southern Asia rose rapidly to X tons, increasing by X% compared with the year before. Total exports indicated a mild expansion 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 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nuts exports contracted to $X in 2022. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India was the major exporter of nuts in Southern Asia, with the volume of exports recording X tons, which was near X% of total exports in 2022. Sri Lanka (X tons) ranks second in terms of the total exports with a X% share, followed by Afghanistan (X%). The following exporters - Nepal (X tons) and Bangladesh (X tons) - together made up X% of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%) and Sri Lanka (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. By contrast, Nepal (X%) and Bangladesh (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Sri Lanka (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nepal (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics.

In value terms, the largest nuts supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Afghanistan ($X), with a combined X% share of total exports.

Sri Lanka, with a CAGR of X%, saw 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

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices attained the maximum 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 Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

Nuts Imports

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in purchases abroad of nuts, which increased by X% to X tons in 2022. Total imports indicated resilient growth 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 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nuts imports surged to $X in 2022. Total imports indicated buoyant 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 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. Bangladesh (X tons) took a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (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 India and Bangladesh 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 ($X) constitutes the largest market for imported nuts in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Import price indicated a tangible expansion 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, nuts import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh stood at $X per ton.

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

Source: IndexBox Platform

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