Southern Asia: Canned Vegetable Market 2024

Canned Vegetable Market Size in Southern Asia

The South Asian canned vegetable market stood at $X in 2022, picking up by 2.8% against the previous year. The market value increased at an average annual rate of +5.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Canned Vegetable Production in Southern Asia

In value terms, canned vegetable production shrank slightly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 41%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Canned Vegetable Exports

Exports in Southern Asia

In 2022, the amount of canned vegetables exported in Southern Asia dropped to X tons, reducing by -10.5% against the year before. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, canned vegetable exports contracted to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.2% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 35%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India was the largest exporter of canned vegetables in Southern Asia, with the volume of exports amounting to X tons, which was near 80% of total exports in 2022. It was distantly followed by Pakistan (X tons), mixing up an 18% share of total exports.

Exports from India increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Pakistan (+9.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +9.3% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +8.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest canned vegetable supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.1%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, shrinking by -4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%).

Canned Vegetable Imports

Imports in Southern Asia

In 2022, supplies from abroad of canned vegetables was finally on the rise to reach X tons after three years of decline. Overall, imports showed buoyant growth. The growth pace was the most rapid in 2016 with an increase of 42% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, canned vegetable imports skyrocketed to $X in 2022. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 44%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) represented the major importer of canned vegetables, comprising 40% of total imports. Pakistan (X tons) ranks second in terms of the total imports with a 24% share, followed by Bangladesh (16%) and Maldives (11%). The following importers - Nepal (X tons), Sri Lanka (X tons) and Afghanistan (X tons) - together made up 9.3% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned vegetable importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together accounting for 80% of total imports. Maldives, Nepal, Sri Lanka and Afghanistan lagged somewhat behind, together accounting for a further 20%.

Nepal, with a CAGR of +22.3%, saw the highest rates of growth with regard to 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 2022, growing by 3.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nepal ($X per ton) and Bangladesh ($X per ton), while Afghanistan ($X per ton) and Maldives ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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