Southern Asia: Soups Market 2024

Soups Market Size in Southern Asia

The South Asian soups market reached $X in 2022, remaining stable against the previous year. The total consumption indicated a perceptible increase 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, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Soups Production in Southern Asia

In value terms, soups production rose modestly to $X in 2022 estimated in export price. The total production indicated a remarkable increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Soups Exports

Exports in Southern Asia

In 2022, overseas shipments of soups and broths increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, soups exports soared to $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

India prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the soups and broths exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

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

From 2012 to 2022, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

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

Soups Imports

Imports in Southern Asia

In 2022, purchases abroad of soups and broths increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, soups imports stood at $X in 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bangladesh (X tons) represented the key importer of soups and broths, creating X% of total imports. Nepal (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Afghanistan (X%) and Pakistan (X%). The following importers - Maldives (X tons), Bhutan (X tons) and India (X tons) - together made up X% of total imports.

Imports into Bangladesh increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) and Maldives (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Bhutan experienced a relatively flat trend pattern. By contrast, Afghanistan (X%), Nepal (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh, Pakistan and Maldives increased by X, X and X percentage points, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported soups and broths in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In Bangladesh, soups imports 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: Nepal (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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