Southern Asia: Vegetable Market 2024

Vegetable Market Size in Southern Asia

In 2022, after five years of growth, there was decline in the South Asian vegetable market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped modestly in the following year.

Vegetable Production in Southern Asia

In value terms, vegetable production reduced slightly to $X in 2022 estimated in export price. The total output 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. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The country with the largest volume of vegetable production was India (X tons), 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. The third position in this ranking was held by Pakistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

In 2022, the average vegetable yield in Southern Asia stood at X tons per ha, approximately equating 2021 figures. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the vegetable yield attained the maximum level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetables production in Southern Asia shrank to X ha, declining by X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to vegetable production reached the peak figure at X ha in 2021, and then contracted modestly in the following year.

Vegetable Exports

Exports in Southern Asia

In 2022, shipments abroad of vegetables increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, vegetable exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the key exporter of vegetables, generating X% of total exports. Pakistan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Afghanistan (X%). Bangladesh (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vegetable exports from India stood at X%. At the same time, Afghanistan (X%), Pakistan (X%) and Bangladesh (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. While the share of Pakistan (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. 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 2022, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

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

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

Vegetable Imports

Imports in Southern Asia

In 2022, imports of vegetables in Southern Asia skyrocketed to X tons, increasing by X% compared with the year before. In general, imports showed a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, vegetable imports expanded sharply to $X in 2022. Total imports indicated buoyant 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of vegetable imports in 2022 were Pakistan (X tons), Bangladesh (X tons), Nepal (X tons), Afghanistan (X tons) and Sri Lanka (X tons), together amounting to X% of total import. Maldives (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (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 Bangladesh ($X), Pakistan ($X) and Sri Lanka ($X), with a combined X% share of total imports.

Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 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 ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform