Southern Asia: Spinach Market 2025

Spinach Market Size in Southern Asia

The South Asian spinach market dropped modestly to $X in 2022, with a decrease of -3.8% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Spinach Production in Southern Asia

In value terms, spinach production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 32%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Pakistan (X tons) and Bangladesh (X tons).

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +3.4%).

The average spinach yield shrank modestly to X tons per ha in 2022, which is down by -3.2% on 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by 11% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the spinach 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 harvested area of spinach in Southern Asia declined modestly to X ha, waning by -1.6% compared with the previous year's figure. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by 3.4%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Spinach Exports

Exports in Southern Asia

In 2022, approx. X tons of spinach were exported in Southern Asia; with an increase of 11% on the previous year. Overall, exports continue to indicate notable growth. The pace of growth was the most pronounced in 2014 with an increase of 1,354%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, spinach exports shrank to $X in 2022. Over the period under review, exports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,024% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2022.

India was also the fastest-growing in terms of the spinach exports, with a CAGR of +20.2% from 2012 to 2022. While the share of India (+74 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest spinach supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +19.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, dropping by -19.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 35%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.9% per year.

Spinach Imports

Imports in Southern Asia

Spinach imports declined to X tons in 2022, which is down by -6.4% compared with 2021 figures. Overall, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 107,975%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, spinach imports declined remarkably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4,727,718% against the previous year. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

Maldives was the main importer of spinach in Southern Asia, with the volume of imports resulting at X tons, which was near 53% of total imports in 2022. Bangladesh (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by India (16%). Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bhutan (with a CAGR of +77.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X) constitutes the largest market for imported spinach in Southern Asia, comprising 85% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Bangladesh, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Maldives stood at +1.6%. In the other countries, the average annual rates were as follows: India (-8.1% per year) and Bangladesh (0.0% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, declining by -37% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when the import price increased by 4,275% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+11.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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