Southern Asia: Yams Market 2024

Yams Market Size in Southern Asia

The South Asian yams market rose modestly to $X in 2022, growing by 1.7% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Yams Production in Southern Asia

In value terms, yams production declined to $X in 2022 estimated in export price. In general, production, however, posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 274%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

India (X tons) remains the largest yams producing country in Southern Asia, comprising approx. 84% of total volume. Moreover, yams production in India exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), eightfold. The third position in this ranking was held by Sri Lanka (X tons), with a 2.9% share.

In India, yams production increased at an average annual rate of +40.4% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Afghanistan (+2.3% per year) and Sri Lanka (+0.7% per year).

Yams Exports

Exports in Southern Asia

In 2022, approx. X tons of yams were exported in Southern Asia; reducing by -8.5% against the year before. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,656%. 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, yams exports stood at $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 756%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, recording X tons, which was near 87% of total exports in 2022. It was distantly followed by Afghanistan (X tons), creating a 9.9% share of total exports. Sri Lanka (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to yams exports from India stood at +9.3%. At the same time, Afghanistan (+36.9%) and Sri Lanka (+3.5%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +36.9% from 2012-2022. India (+87 p.p.) significantly strengthened its position in terms of the total exports, while Afghanistan and Sri Lanka saw its share reduced by -8.4% and -60.2% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest yams supplier in Southern Asia, comprising 76% of total exports. The second position in the ranking was taken by Afghanistan ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +6.2%. In the other countries, the average annual rates were as follows: Afghanistan (+29.0% per year) and Sri Lanka (+2.4% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, rising by 10% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when the export price increased by 16% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 Sri Lanka ($X per ton), while India ($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 (-1.1%), while the other leaders experienced a decline in the export price figures.

Yams Imports

Imports in Southern Asia

After two years of growth, overseas purchases of yams decreased by -9.3% to X tons in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 456%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, yams imports reduced sharply to $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 156%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

Pakistan dominates imports structure, finishing at X tons, which was near 96% of total imports in 2022. Maldives (X tons) held a relatively small share of total imports.

Pakistan was also the fastest-growing in terms of the yams imports, with a CAGR of +177.5% from 2012 to 2022. At the same time, Maldives (+12.9%) displayed positive paces of growth. While the share of Pakistan (+96 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Maldives (-91.4 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) constitutes the largest market for imported yams in Southern Asia, comprising 86% of total imports. The second position in the ranking was held by Maldives ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Pakistan stood at +166.3%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by -6.9% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by 43%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-4.0%).

Source: IndexBox Platform

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