Southern Asia: Dried Grapes Market 2024

Dried Grapes Market Size in Southern Asia

The South Asian dried grapes market shrank markedly to $X in 2022, waning by -33.9% against the previous year. In general, consumption, however, showed a strong expansion. The level of consumption peaked at $X in 2021, and then shrank notably in the following year.

Dried Grapes Production in Southern Asia

In value terms, dried grapes production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 9.5% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Dried Grapes Exports

Exports in Southern Asia

In 2022, dried grapes exports in Southern Asia rose markedly to X tons, surging by 6.7% compared with the year before. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +91.6% against 2014 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, dried grapes exports reduced slightly to $X in 2022. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 39% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Afghanistan represented the major exporting country with an export of about X tons, which accounted for 72% of total exports. It was distantly followed by India (X tons), comprising a 28% share of total exports.

Afghanistan was also the fastest-growing in terms of the dried grapes exports, with a CAGR of +13.0% from 2012 to 2022. India (-2.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan increased by +34 percentage points.

In value terms, Afghanistan ($X) remains the largest dried grapes supplier in Southern Asia, comprising 82% of total exports. The second position in the ranking was taken by India ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Afghanistan totaled +16.8%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by -7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. The level of export peaked 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 Afghanistan ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+3.3%).

Dried Grapes Imports

Imports in Southern Asia

In 2022, after ten years of growth, there was significant decline in overseas purchases of dried grapes, when their volume decreased by -7.5% to X tons. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 75%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, dried grapes imports dropped sharply to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 112%. The level of import peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, India (X tons) represented the largest importer of dried grapes, achieving 55% of total imports. Pakistan (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (17%). Sri Lanka (X tons) and Nepal (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dried grapes imports into India stood at +15.7%. At the same time, Pakistan (+56.1%), Bangladesh (+26.2%), Nepal (+7.8%) and Sri Lanka (+1.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +56.1% from 2012-2022. While the share of Pakistan (+21 p.p.) and Bangladesh (+8.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (-3 p.p.), Sri Lanka (-12.4 p.p.) and India (-13.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported dried grapes in Southern Asia, comprising 81% of total imports. The second position in the ranking was held by Pakistan ($X), with a 9.3% share of total imports. It was followed by Bangladesh, with a 5.3% share.

In India, dried grapes imports increased at an average annual rate of +19.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+48.5% per year) and Bangladesh (+15.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by -13.2% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried grapes import price decreased by -38.0% against 2018 indices. The pace of growth was the most pronounced in 2013 when the import price increased by 21%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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