Southern Asia: Vegetable Market 2024

Vegetable Market Size in Southern Asia

The South Asian vegetable market shrank modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then contracted slightly in the following year.

Vegetable Production in Southern Asia

In value terms, vegetable production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

In India, vegetable production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

The average vegetable yield was estimated at X tons per ha in 2022, approximately equating 2021 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the vegetable yield attained the peak level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The vegetable harvested area contracted to X ha in 2022, which is down by X% on the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021, and then dropped slightly in the following year.

Vegetable Exports

Exports in Southern Asia

In 2022, overseas shipments of vegetables increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a prominent 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, vegetable exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, 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 X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

India was the main exporter of vegetables in Southern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Afghanistan (X%). Bangladesh (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Pakistan (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, vegetable exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Afghanistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Afghanistan (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Imports

Imports in Southern Asia

In 2022, the amount of vegetables imported in Southern Asia soared to X tons, with an increase of X% on the previous year's figure. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, vegetable imports rose notably to $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Pakistan (X tons) and Bangladesh (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Nepal (X tons), Sri Lanka (X tons) and Afghanistan (X tons), together making up a X% share of total imports.

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

In value terms, the largest vegetable importing markets in Southern Asia were Bangladesh ($X), Pakistan ($X) and Sri Lanka ($X), with a combined X% share of total imports.

Among the main importing countries, Bangladesh, with a CAGR of X%, 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, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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