Southern Asia: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Southern Asia

In 2020, the South Asian peanut butter market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. The total consumption indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2019, and then reduced modestly in the following year.

Peanut Butter Production in Southern Asia

In value terms, peanut butter production rose slightly to $X in 2020 estimated in export prices. The total production indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is likely to see steady growth in the near future.

Production By Country in Southern Asia

The country with the largest volume of peanut butter production was India (X tonnes), accounting for X% of total volume. Moreover, peanut butter production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), fivefold. The third position in this ranking was occupied by Bangladesh (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in India totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+X% per year) and Bangladesh (+X% per year).

Peanut Butter Exports

Exports in Southern Asia

In 2020, exports of peanut butter and prepared or preserved groundnuts in Southern Asia surged to X tonnes, jumping by X% on the previous year. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is likely to continue growth in years to come.

In value terms, peanut butter exports surged to $X in 2020. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are likely to continue growth in years to come.

Exports by Country

In 2020, India (X tonnes) was the main exporter of peanut butter and prepared or preserved groundnuts in Southern Asia, achieving X% of total export.

India was also the fastest-growing in terms of the peanut butter and prepared or preserved groundnuts exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest peanut butter supplier in Southern Asia.

From 2007 to 2020, the average annual growth rate of value in India amounted to +X%.

Export Prices by Country

In 2020, the peanut butter export price in Southern Asia amounted to $X per tonne, picking up by X% against the previous year. Export price indicated a noticeable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, peanut butter export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Peanut Butter Imports

Imports in Southern Asia

In 2020, peanut butter imports in Southern Asia contracted dramatically to X tonnes, with a decrease of -X% compared with the previous year. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. from 2017 to 2020, the growth imports failed to regain the momentum.

In value terms, peanut butter imports dropped notably to $X in 2020. In general, imports saw a noticeable downturn. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

The countries with the highest levels of peanut butter imports in 2020 were Afghanistan (X tonnes), Nepal (X tonnes), India (X tonnes) and Sri Lanka (X tonnes), together reaching X% of total import. Bangladesh (X tonnes) ranks next in terms of the total imports with a X% share, followed by Maldives (X%).

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal, while imports for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports. Nepal, Bangladesh and Maldives lagged somewhat behind, together accounting for a further X terms of the main importing countries, Nepal recorded the highest rates of growth with regard to 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

The peanut butter import price in Southern Asia stood at $X per tonne in 2020, jumping by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import 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 importing countries. In 2020, the country with the highest price was Maldives ($X per tonne), while Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Maldives, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in Southern Asia?

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The country with the largest volume of peanut butter consumption was India (350K tonnes), comprising approx. 63% of total volume. Moreover, peanut butter consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (83K tonnes), fourfold. The third position in this ranking was occupied by Bangladesh (71K tonnes), with a 13% share.

What are the largest producers of peanut butter and prepared or preserved groundnuts in Southern Asia?

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India (397K tonnes) remains the largest peanut butter producing country in Southern Asia, accounting for 66% of total volume. Moreover, peanut butter production in India exceeded the figures recorded by the second-largest producer, Pakistan (83K tonnes), fivefold. Bangladesh (71K tonnes) ranked third in terms of total production with a 12% share.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts in Southern Asia?

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In value terms, India ($85M) remains the largest peanut butter supplier in Southern Asia.

What are the leading importers of peanut butter and prepared or preserved groundnuts in Southern Asia?

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In value terms, the largest peanut butter importing markets in Southern Asia were Afghanistan ($2.1M), India ($1.4M) and Sri Lanka ($1M), with a combined 70% share of total imports. Nepal, Bangladesh and Maldives lagged somewhat behind, together comprising a further 29%.

What is the average export price for peanut butter and prepared or preserved groundnuts in Southern Asia?

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The peanut butter export price in Southern Asia stood at $1,760 per tonne in 2020, growing by 3.3% against the previous year.

What is the average import price for peanut butter and prepared or preserved groundnuts in Southern Asia?

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In 2020, the peanut butter import price in Southern Asia amounted to $2,627 per tonne, with an increase of 23% against the previous year.