Asia: Papaya Market 2024

Papaya Market Size in Asia

The Asian papaya market fell slightly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 6.9%. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Papaya Production in Asia

In value terms, papaya production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; 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 34%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

India (X tons) remains the largest papaya producing country in Asia, comprising approx. 69% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, Indonesia (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+1.9% per year) and China (+4.7% per year).

In 2022, the average yield of papayas in Asia stood at X tons per ha, surging by 2.4% against 2021 figures. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 3.1%. Over the period under review, the papaya yield attained the maximum level at X tons per ha in 2017; however, from 2018 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 total area harvested in terms of papayas production in Asia declined modestly to X ha, shrinking by -1.8% compared with the previous year. The harvested area increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 11%. Over the period under review, the harvested area dedicated to papaya production reached the peak figure at X ha in 2021, and then shrank slightly in the following year.

Papaya Exports

Exports in Asia

After two years of decline, shipments abroad of papayas increased by 8% to X tons in 2022. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 15%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, papaya exports expanded notably to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons) and Malaysia (X tons) represented roughly 55% of total exports in 2022. India (X tons) ranks next in terms of the total exports with a 16% share, followed by China (14%) and the Philippines (9%). Thailand (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sri Lanka (with a CAGR of +18.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest papaya supplying countries in Asia were China ($X), Sri Lanka ($X) and the Philippines ($X), together accounting for 59% of total exports. Malaysia, Thailand and India lagged somewhat behind, together comprising a further 38%.

In terms of the main exporting countries, Thailand, with a CAGR of +18.2%, saw 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

The export price in Asia stood at $X per ton in 2022, waning by -1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 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 Thailand ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the other leaders experienced more modest paces of growth.

Papaya Imports

Imports in Asia

In 2022, approx. X tons of papayas were imported in Asia; declining by -6.8% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, papaya imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 10%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons) and the United Arab Emirates (X tons) dominates imports structure, together generating 70% of total imports. It was distantly followed by China (X tons) and Qatar (X tons), together constituting a 9.9% share of total imports. Hong Kong SAR (X tons), Brunei Darussalam (X tons) and Bahrain (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest papaya importing markets in Asia were Singapore ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X), together comprising 54% of total imports. Qatar, China, Bahrain and Brunei Darussalam lagged somewhat behind, together accounting for a further 23%.

Qatar, with a CAGR of +23.6%, saw 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

The import price in Asia stood at $X per ton in 2022, picking up by 4.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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