Southern Asia: Sweet Potato Market 2024

Sweet Potato Market Size in Southern Asia

The South Asian sweet potato market expanded markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sweet Potato Production in Southern Asia

In value terms, sweet potato production expanded rapidly to $X in 2022 estimated in export price. The total production indicated noticeable 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, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

India (X tons) remains the largest sweet potato producing country in Southern Asia, accounting for X% of total volume. Moreover, sweet potato production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume in India was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

The average sweet potato yield rose to X tons per ha in 2022, growing by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. 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 sweet potatoes were harvested in Southern Asia; with an increase of X% on the previous year. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sweet potato production attained the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Sweet Potato Exports

Exports in Southern Asia

In 2022, the amount of sweet potatoes exported in Southern Asia surged to X tons, jumping by X% against the year before. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sweet potato exports skyrocketed to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, India (X tons) represented the main exporter of sweet potatoes, constituting X% of total exports. Afghanistan (X tons) took the second position in the ranking, distantly followed by Bangladesh (X tons) and Sri Lanka (X tons). All these countries together held approx. X% share of total exports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sweet potato exports from India stood at X%. At the same time, Afghanistan (X%), Bangladesh (X%), Sri Lanka (X%) and Pakistan (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. From 2012 to 2022, the share of Afghanistan, Bangladesh and Sri Lanka increased by X, X and X percentage points, respectively.

In value terms, India ($X), Sri Lanka ($X) and Bangladesh ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Afghanistan and Pakistan lagged somewhat behind, together comprising a further X%.

Afghanistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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, reducing by X% against the previous year. Export price indicated pronounced growth 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, sweet potato export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Sweet Potato Imports

Imports in Southern Asia

Sweet potato imports soared to X tons in 2022, with an increase of X% against 2021 figures. In general, imports showed buoyant growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, sweet potato imports skyrocketed to $X in 2022. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Maldives was the main importing country with an import of around X tons, which reached X% of total imports. Nepal (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Afghanistan (X%) and India (X%). Bhutan (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sweet potato imports into Maldives stood at X%. At the same time, India (X%), Nepal (X%), Bhutan (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Nepal (X p.p.), Maldives (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported sweet potatoes in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Nepal ($X), with an X% share of total imports. It was followed by Afghanistan, with a X% share.

In Maldives, sweet potato imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Afghanistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform