Southern Asia: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Southern Asia

In 2022, the South Asian temporarily preserved vegetable market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Temporarily Preserved Vegetable Production in Southern Asia

In value terms, temporarily preserved vegetable production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 35% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports in Southern Asia

In 2022, temporarily preserved vegetable exports in Southern Asia dropped to X tons, declining by -6.7% compared with 2021. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.2% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 66%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, temporarily preserved vegetable exports dropped to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +23.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, amounting to X tons, which was approx. 98% of total exports in 2022. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to temporarily preserved vegetable exports from India stood at +2.9%. At the same time, Sri Lanka (+8.7%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +8.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest temporarily preserved vegetable supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.3% share of total exports.

In India, temporarily preserved vegetable exports increased at an average annual rate of +4.8% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2013 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%).

Temporarily Preserved Vegetable Imports

Imports in Southern Asia

In 2022, imports of vegetables (temporarily preserved) in Southern Asia shrank to X tons, which is down by -4.9% on 2021 figures. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 68% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, temporarily preserved vegetable imports contracted to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of about X tons, which reached 52% of total imports. Maldives (X tons) ranks second in terms of the total imports with a 29% share, followed by Sri Lanka (9.7%). Bhutan (X tons), Pakistan (X tons) and Bangladesh (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 Bangladesh (with a CAGR of +60.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Maldives ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2022, together accounting for 90% of total imports. Bangladesh, Bhutan and Pakistan lagged somewhat behind, together accounting for a further 9.6%.

In terms of the main importing countries, Bangladesh, with a CAGR of +51.6%, saw 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

The import price in Southern Asia stood at $X per ton in 2022, falling by -3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Bhutan (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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