Southern Asia: Potato Market 2024

Potato Market Size in Southern Asia

In 2023, after four years of growth, there was decline in the South Asian potato market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Potato Production in Southern Asia

In value terms, potato production contracted to $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

The country with the largest volume of potato production was India (X tons), comprising approx. X% of total volume. Moreover, potato production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), sixfold. Pakistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in India amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Pakistan (X% per year).

In 2023, the average yield of potatoes in Southern Asia dropped to X tons per ha, with a decrease of X% compared with 2022. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the potato yield attained the maximum level at X tons per ha in 2022, and then reduced modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The potato harvested area dropped to X ha in 2023, approximately equating 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then declined modestly in the following year.

Potato Exports

Exports in Southern Asia

In 2023, shipments abroad of potatoes decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, potato exports shrank sharply to $X in 2023. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

In 2023, Pakistan (X tons) was the largest exporter of potatoes, mixing up X% of total exports. India (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Bangladesh (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price saw a noticeable contraction. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Potato Imports

Imports in Southern Asia

In 2023, approx. X tons of potatoes were imported in Southern Asia; dropping by X% on 2022 figures. Total imports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, potato imports reduced modestly to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nepal (X tons) and Afghanistan (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Sri Lanka (X tons), creating a X% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Afghanistan ($X) and Sri Lanka ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Pakistan lagged somewhat behind, comprising a further X%.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 2023, shrinking by X% against the previous year. In general, the import price recorded a slight reduction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, 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