Southern Asia: Vegetable Market 2024

Vegetable Market Size in Southern Asia

The South Asian vegetable market stood at $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in the near future.

Vegetable Production in Southern Asia

In value terms, vegetable production reduced modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of vegetable production, accounting for X% of total volume. Moreover, vegetable production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), more than tenfold. Pakistan (X tons) ranked third in terms of total production with a X% share.

In India, vegetable production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

In 2023, the average vegetable yield in Southern Asia totaled X tons per ha, remaining stable against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the vegetable yield reached the peak level at X tons per ha in 2020; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of vegetables production in Southern Asia declined slightly to X ha, which is down by X% compared with 2022. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then contracted modestly in the following year.

Vegetable Exports

Exports in Southern Asia

In 2023, shipments abroad of vegetables increased by X% to X tons, rising for the third year in a row after two years of decline. Total exports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, vegetable exports amounted to $X in 2023. Total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.

Exports by Country

In 2023, India (X tons) was the major exporter of vegetables, creating X% of total exports. Pakistan (X tons) held the second position in the ranking, distantly followed by Afghanistan (X tons). All these countries together took near X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Afghanistan (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 2012-2023. From 2012 to 2023, the share of Pakistan and Afghanistan increased by X and X percentage points, respectively.

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

In India, vegetable exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Afghanistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Imports

Imports in Southern Asia

After two years of decline, supplies from abroad of vegetables increased by X% to X tons in 2023. Total imports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable imports surged to $X in 2023. In general, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons) and Pakistan (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Bangladesh (X tons), Nepal (X tons), Sri Lanka (X tons) and Afghanistan (X tons), together achieving a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), with a combined X% share of total imports.

Pakistan, with a CAGR of X%, 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 import price in Southern Asia stood at $X per ton in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform