Southern Asia: Oil Crops Market 2024

Oil Crops Market Size in Southern Asia

In 2022, after two years of growth, there was decline in the South Asian oil crops market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Oil Crops Production in Southern Asia

In value terms, oil crops production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period 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 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

India (X tons) constituted the country with the largest volume of oil crops production, accounting for X% of total volume. Moreover, oil crops production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), more than tenfold. Sri Lanka (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in India amounted to X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

The average oil crops yield was estimated at X tons per ha in 2022, standing approx. at the previous year's figure. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the oil crops yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a 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 oil crops harvested area in Southern Asia dropped slightly to X ha, waning by X% on the previous year. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. 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 oil crops production reached the maximum at X ha in 2021, and then shrank in the following year.

Oil Crops Exports

Exports in Southern Asia

In 2022, approx. X tons of oil crops (primary) were exported in Southern Asia; waning by X% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, oil crops exports reduced slightly to $X in 2022. Total exports indicated a mild increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India was the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together committing a X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of exports of oil crops (primary). At the same time, Pakistan (X%), Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest oil crops supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with an X% share of total exports. It was followed by Sri Lanka, with a X% share.

In India, oil crops exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

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

Oil Crops Imports

Imports in Southern Asia

In 2022, after eight years of growth, there was significant decline in overseas purchases of oil crops (primary), when their volume decreased by X% to X tons. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, oil crops imports fell sharply to $X in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, Bangladesh (X tons) was the main importer of oil crops (primary), achieving X% of total imports. Pakistan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Nepal (X%).

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

In value terms, the largest oil crops importing markets in Southern Asia were Bangladesh ($X), Pakistan ($X) and India ($X), together accounting for X% of total imports.

In terms of the main importing countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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