ASEAN: Papaya Market 2024

Papaya Market Size in ASEAN

The ASEAN papaya market expanded modestly to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Papaya Production in ASEAN

In value terms, papaya production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Indonesia (X tons) constituted the country with the largest volume of papaya production, accounting for X% of total volume. Moreover, papaya production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), sixfold. The third position in this ranking was held by Thailand (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia totaled X%. The remaining producing countries recorded the following average annual rates of production growth: the Philippines (X% per year) and Thailand (X% per year).

In 2022, the average papaya yield in ASEAN stood at X tons per ha, remaining relatively unchanged against the previous year. 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 observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the papaya yield reached the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the papaya harvested area in ASEAN totaled X ha, therefore, remained relatively stable against the previous year's figure. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to papaya production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Papaya Exports

Exports in ASEAN

In 2022, shipments abroad of papayas decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, papaya exports soared 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 throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Malaysia was the main exporter of papayas in ASEAN, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by the Philippines (X tons) and Thailand (X tons), together making up a X% share of total exports.

Exports from Malaysia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, the Philippines ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Papaya Imports

Imports in ASEAN

In 2022, overseas purchases of papayas decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, papaya imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Singapore dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Brunei Darussalam (X tons), making up a X% share of total imports. Malaysia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to papaya imports into Singapore stood at X%. At the same time, Malaysia (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Brunei Darussalam and Malaysia increased by X and X percentage points, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported papayas in ASEAN, comprising X% of total imports. The second position in the ranking was held by Brunei Darussalam ($X), with a X% share of total imports.

In Singapore, papaya 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: Brunei Darussalam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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