Southern Asia: Nuts Market 2024

Nuts Market Size in Southern Asia

The South Asian nuts market rose rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Nuts Production in Southern Asia

In value terms, nuts production rose rapidly to $X in 2022 estimated in export price. In general, production, however, posted strong growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

India (X tons) constituted the country with the largest volume of nuts production, accounting for X% of total volume. Moreover, nuts production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), sevenfold. The third position in this ranking was taken by Afghanistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in India amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Afghanistan (X% per year).

The average nuts yield shrank slightly to X tons per ha in 2022, waning by X% on the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then contracted modestly in the following year. 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 nuts were harvested in Southern Asia; which is down by X% on the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to nuts production reached the maximum at X ha in 2021, and then declined in the following year.

Nuts Exports

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in overseas shipments of nuts, which increased by X% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, nuts exports declined dramatically to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) represented the major exporter of nuts, mixing up X% of total exports. It was distantly followed by Sri Lanka (X tons) and Afghanistan (X tons), together committing a X% share of total exports. Nepal (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nuts exports from India stood at X%. At the same time, Sri Lanka (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%) and Bangladesh (X%) illustrated a downward trend over the same period. India (X p.p.), Sri Lanka (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total exports, while Nepal and Bangladesh saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In terms of the main exporting countries, Sri Lanka, with a CAGR of X%, 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 Southern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Nuts Imports

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in supplies from abroad of nuts, which increased by X% to X tons in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nuts imports skyrocketed to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Bangladesh (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported nuts in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Import price indicated a tangible expansion 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, nuts import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($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 India (X%).

Source: IndexBox Platform

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