Southern Asia: Dried Prune Market 2024

Dried Prune Market Size in Southern Asia

The South Asian dried prune market expanded notably to $X in 2022, growing by 12% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dried Prune Production in Southern Asia

In value terms, dried prune production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Dried Prune Exports

Exports in Southern Asia

After three years of growth, overseas shipments of dried prunes decreased by -12.1% to X tons in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of 118%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, dried prune exports reduced slightly to $X in 2022. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 71% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan dominates exports structure, accounting for X tons, which was near 90% of total exports in 2022. It was distantly followed by Pakistan (X tons), creating a 9.1% share of total exports.

Afghanistan was also the fastest-growing in terms of the dried prunes exports, with a CAGR of +20.7% from 2012 to 2022. Pakistan (-3.8%) illustrated a downward trend over the same period. While the share of Afghanistan (+47 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-32.7 p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X) remains the largest dried prune supplier in Southern Asia, comprising 74% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Afghanistan amounted to +16.0%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, growing by 13% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 38%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Pakistan ($X per ton), while Afghanistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.9%).

Dried Prune Imports

Imports in Southern Asia

For the fourth year in a row, Southern Asia recorded growth in overseas purchases of dried prunes, which increased by 45% to X tons in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 229%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, dried prune imports skyrocketed to $X in 2022. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2015 with an increase of 118% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Pakistan (X tons) was the largest importer of dried prunes, committing 80% of total imports. It was distantly followed by India (X tons), comprising a 15% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the dried prunes imports, with a CAGR of +52.6% from 2012 to 2022. At the same time, India (+17.2%) displayed positive paces of growth. By contrast, Bangladesh (-4.3%) illustrated a downward trend over the same period. While the share of Pakistan (+70 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-11.4 p.p.) and Bangladesh (-55.7 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 99% of total imports.

Pakistan, with a CAGR of +43.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by 15% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 34%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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