Report Southern Asia - Peanut Butter and Prepared or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Feb 2, 2023

Southern Asia - Peanut Butter and Prepared or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Peanut Butter Market 2023

Peanut Butter Market Size in Southern Asia

In 2021, after three years of growth, there was decline in the South Asian peanut butter market, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then dropped slightly in the following year.

Peanut Butter Production in Southern Asia

In value terms, peanut butter production declined modestly to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.5% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 23%. The level of production peaked at $X in 2020, and then shrank in the following year.

Peanut Butter Exports

Exports in Southern Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of peanut butter and prepared or preserved groundnuts, when their volume decreased by -23.8% to X tons. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 68% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell significantly in the following year.

In value terms, peanut butter exports shrank notably to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined sharply in the following year.

Exports by Country

India dominates exports structure, recording X tons, which was approx. 98% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the peanut butter and prepared or preserved groundnuts exports, with a CAGR of +23.7% from 2012 to 2021. At the same time, Pakistan (+5.3%) displayed positive paces of growth. India (+6.6 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -5% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest peanut butter supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +27.8%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, rising by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.3%).

Peanut Butter Imports

Imports in Southern Asia

In 2021, approx. X tons of peanut butter and prepared or preserved groundnuts were imported in Southern Asia; increasing by 1.9% against the previous year's figure. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 277%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, peanut butter imports rose slightly to $X in 2021. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 197%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Pakistan (X tons) was the major importer of peanut butter and prepared or preserved groundnuts, committing 55% of total imports. It was distantly followed by Afghanistan (X tons), India (X tons) and Sri Lanka (X tons), together generating a 33% share of total imports. Bangladesh (X tons), Nepal (X tons) and Maldives (X tons) held a little share of total imports.

Pakistan was also the fastest-growing in terms of the peanut butter and prepared or preserved groundnuts imports, with a CAGR of +79.4% from 2012 to 2021. At the same time, Nepal (+54.5%), India (+47.2%), Bangladesh (+44.4%), Maldives (+19.8%) and Afghanistan (+14.2%) displayed positive paces of growth. By contrast, Sri Lanka (-6.7%) illustrated a downward trend over the same period. While the share of Pakistan (+53 p.p.), India (+8.2 p.p.), Nepal (+3.7 p.p.) and Bangladesh (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Afghanistan (-11.8 p.p.) and Sri Lanka (-56.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported peanut butter and prepared or preserved groundnuts in Southern Asia, comprising 47% of total imports. The second position in the ranking was held by Afghanistan ($X), with a 17% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Pakistan amounted to +75.5%. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (+12.7% per year) and India (+41.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a pronounced decline. The growth pace was the most rapid in 2015 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in Southern Asia?
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India remains the largest peanut butter consuming country in Southern Asia, comprising approx. 62% of total volume. Moreover, peanut butter consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, fourfold. Bangladesh ranked third in terms of total consumption with an 11% share.
What are the largest producers of peanut butter and prepared or preserved groundnuts in Southern Asia?
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India constituted the country with the largest volume of peanut butter production, comprising approx. 66% of total volume. Moreover, peanut butter production in India exceeded the figures recorded by the second-largest producer, Pakistan, fivefold. Bangladesh ranked third in terms of total production with a 10% share.
What are the leading exporters of peanut butter and prepared or preserved groundnuts in Southern Asia?
+
In value terms, India remains the largest peanut butter supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan, with a 1.5% share of total exports.
What are the leading importers of peanut butter and prepared or preserved groundnuts in Southern Asia?
+
In value terms, Pakistan constitutes the largest market for imported peanut butter and prepared or preserved groundnuts in Southern Asia, comprising 47% of total imports. The second position in the ranking was taken by Afghanistan, with a 17% share of total imports. It was followed by India, with a 12% share.
What is the average export price for peanut butter and prepared or preserved groundnuts in Southern Asia?
+
In 2021, the export price in Southern Asia amounted to $1,961 per ton, rising by 11% against the previous year.
What is the average import price for peanut butter and prepared or preserved groundnuts in Southern Asia?
+
The import price in Southern Asia stood at $2,165 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the peanut butter market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
Country coverage:
• Afghanistan
• Bhutan
• Maldives
• Nepal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Southern Asia, split by region and country
• Trade (exports and imports) in Southern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Bangladesh
• Bhutan
• India
• Maldives
• Nepal
• Pakistan
• Sri Lanka
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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