Southern Asia: Vegetable Product Market 2024

Vegetable Product Market Size in Southern Asia

The South Asian vegetable product market amounted to $X.7B in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Vegetable Product Production in Southern Asia

In value terms, vegetable product production rose significantly to $X.1B in 2022 estimated in export price. Overall, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X.2B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

India (X tons) constituted the country with the largest volume of vegetable product production, comprising approx. X% of total volume. Moreover, vegetable product production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fivefold.

In India, vegetable product production increased at an average annual rate of X% over the period from 2012-2022.

The average vegetable product yield totaled X tons per ha in 2022, almost unchanged from the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the vegetable product yield attained the maximum level in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the vegetable product harvested area in Southern Asia was estimated at X ha, growing by X% compared with 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. As a result, the harvested area attained the peak level and is likely to continue growth in the immediate term.

Vegetable Product Exports

Exports in Southern Asia

In 2022, shipments abroad of vegetable products increased by X% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, vegetable product exports declined to $X in 2022. In general, exports continue to indicate a significant increase. 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 attained the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

Afghanistan (X tons) and India (X tons) dominates exports structure, together comprising X% of total exports. It was distantly followed by Pakistan (X tons), generating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Afghanistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Afghanistan ($X) and Pakistan ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, which is down by X% against the previous year. Export price indicated measured 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, vegetable product export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Vegetable Product Imports

Imports in Southern Asia

Vegetable product imports expanded notably to X tons in 2022, surging by X% against 2021 figures. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports expanded notably to $X in 2022. Overall, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Afghanistan was the major importer of vegetable products in Southern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. India (X tons) ranks second in terms of the total imports with a X% share, followed by Maldives (X%). The following importers - Bangladesh (X tons) and Nepal (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vegetable product imports into Afghanistan stood at X%. At the same time, Maldives (X%), Bangladesh (X%) and India (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan, India, Maldives and Bangladesh increased by X, X, X and X percentage points, respectively.

In value terms, India ($X), Afghanistan ($X) and Maldives ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Maldives, 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, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Bangladesh ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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