Southern Asia: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Southern Asia

After two years of growth, the South Asian peanut butter market decreased by -X% to $X in 2019. The total consumption indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018, and then reduced in the following year.

Peanut Butter Production in Southern Asia

In value terms, peanut butter production dropped to $X in 2019 estimated in export prices. The total production indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2007 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. The level of production peaked at $X in 2018, and then declined in the following year.

Production By Country in Southern Asia

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

From 2007 to 2019, the average annual rate of growth in terms of volume in India stood at +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 2019, approx. X tonnes of peanut butter and prepared or preserved groundnuts were exported in Southern Asia; with an increase of X% against the year before. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, peanut butter exports reduced to $X in 2019. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2018, and then declined in the following year.

Exports by Country

India prevails in peanut butter exports structure, accounting for X tonnes, which was near X% of total exports in 2019. Pakistan (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to peanut butter exports from India stood at +X%. At the same time, Pakistan (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2019. Pakistan (+X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -X% from 2007 to 2019, respectively.

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

From 2007 to 2019, the average annual growth rate of value in India stood at +X%.

Export Prices by Country

In 2019, the peanut butter export price in Southern Asia amounted to $X per tonne, waning by -X% against the previous year. Export price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Pakistan ($X per tonne), while India stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India.

Peanut Butter Imports

Imports in Southern Asia

After five years of growth, supplies from abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes in 2019. Total imports indicated a slight expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2018, and then dropped rapidly in the following year.

In value terms, peanut butter imports shrank to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

Pakistan was the largest importer of peanut butter and prepared or preserved groundnuts in Southern Asia, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2019. India (X tonnes) took the second position in the ranking, followed by Afghanistan (X tonnes), Nepal (X tonnes) and Sri Lanka (X tonnes). All these countries together occupied approx. X% share of total imports. The following importers - Maldives (X tonnes) and Bangladesh (X tonnes) - together made up X% of total imports.

Imports into Pakistan increased at an average annual rate of +X% from 2007 to 2019. At the same time, Afghanistan (+X%), Nepal (+X%), Bangladesh (+X%) and Maldives (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. India experienced a relatively flat trend pattern. By contrast, Sri Lanka (-X%) illustrated a downward trend over the same period. While the share of Afghanistan (+X p.p.), Nepal (+X p.p.), Pakistan (+X p.p.) and Bangladesh (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of India (-X p.p.) and Sri Lanka (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest peanut butter importing markets in Southern Asia were Pakistan ($X), India ($X) and Afghanistan ($X), together comprising X% of total imports.

Afghanistan recorded the highest growth rate of 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 peanut butter import price in Southern Asia stood at $X per tonne in 2019, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 AI 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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India (332K tonnes) remains the largest peanut butter consuming country in Southern Asia, accounting for 61% of total volume. Moreover, peanut butter consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (87K tonnes), fourfold. The third position in this ranking was occupied by Bangladesh (72K 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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The country with the largest volume of peanut butter production was India (352K tonnes), comprising approx. 63% of total volume. Moreover, peanut butter production in India exceeded the figures recorded by the second-largest producer, Pakistan (84K tonnes), fourfold. Bangladesh (72K tonnes) ranked third in terms of total production with a 13% 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 ($30M) remains the largest peanut butter supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was occupied by Pakistan ($1.8M), with a 5.6% share of total exports.

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

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In value terms, Pakistan ($6M), India ($3.2M) and Afghanistan ($2M) constituted the countries with the highest levels of imports in 2019, with a combined 81% share of total imports.

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

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In 2019, the peanut butter export price in Southern Asia amounted to $1,458 per tonne, reducing by -20.5% 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 2019, the peanut butter import price in Southern Asia amounted to $2,092 per tonne, picking up by 14% against the previous year.