Southern Asia: Groundnuts Market 2024

Groundnuts Market Size in Southern Asia

The South Asian groundnuts market reached $X in 2022, rising by 4.5% against the previous year. The total consumption 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, consumption decreased by -4.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Groundnuts Production in Southern Asia

In value terms, groundnuts production rose notably to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -8.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

India (X tons) constituted the country with the largest volume of groundnuts production, accounting for 98% of total volume.

In India, groundnuts production increased at an average annual rate of +8.0% over the period from 2012-2022.

In 2022, the average groundnuts yield in Southern Asia rose sharply to X tons per ha, growing by 8.7% on the previous year. The yield indicated a resilient increase from 2012 to 2022: its figure increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts yield decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 73%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of ground-nut (in-shell) were harvested in Southern Asia; declining by -9.4% on the previous year's figure. The harvested area increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. As a result, the harvested area attained the peak level of X ha, and then shrank in the following year.

Groundnuts Exports

Exports in Southern Asia

After two years of decline, shipments abroad of ground-nut (in-shell) increased by 78% to X tons in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 209% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports skyrocketed to $X in 2022. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 185% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, accounting for X tons, which was near 92% of total exports in 2022. It was distantly followed by Afghanistan (X tons), mixing up a 7.2% share of total exports.

Exports from India increased at an average annual rate of +8.6% from 2012 to 2022. At the same time, Afghanistan (+22.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +22.8% from 2012-2022. While the share of India (+6.6 p.p.) and Afghanistan (+5.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest groundnuts supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 5.5% share of total exports.

In India, groundnuts exports expanded at an average annual rate of +6.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by 6.4% against the previous year. Overall, the export price, however, saw a pronounced decline. The growth pace was the most rapid in 2016 when the export price increased by 13% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Afghanistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+5.1%).

Groundnuts Imports

Imports in Southern Asia

In 2022, purchases abroad of ground-nut (in-shell) was finally on the rise to reach X tons after four years of decline. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 129%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, groundnuts imports soared to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 121%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nepal (X tons), Afghanistan (X tons) and Pakistan (X tons) represented the main importer of ground-nut (in-shell) in Southern Asia, comprising 98% of total import. Bangladesh (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Nepal ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 98% share of total imports. These countries were followed by Bangladesh, which accounted for a further 1.6%.

Bangladesh, with a CAGR of +24.8%, 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

In 2022, the import price in Southern Asia amounted to $X per ton, surging by 4% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, groundnuts import price increased by +110.2% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 38%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :