Southern Asia: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Southern Asia

After three years of growth, the South Asian mushroom and truffle market decreased by X% to $X in 2023. Overall, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2022, and then fell slightly in the following year.

Mushroom And Truffle Production in Southern Asia

In value terms, mushroom and truffle production dropped slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

India (X tons) constituted the country with the largest volume of mushroom and truffle production, comprising approx. X% of total volume.

In India, mushroom and truffle production increased at an average annual rate of X% over the period from 2012-2023.

Mushroom And Truffle Exports

Exports in Southern Asia

After two years of growth, shipments abroad of mushrooms and truffles decreased by X% to X tons in 2023. In general, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, mushroom and truffle exports contracted significantly to $X in 2023. Over the period under review, exports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India represented the key exporting country with an export of about X tons, which resulted at X% of total exports. Sri Lanka (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together held approx. X% share of total exports.

India was also the fastest-growing in terms of the mushrooms and truffles exports, with a CAGR of X% from 2012 to 2023. Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, Pakistan ($X), Sri Lanka ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a temperate increase. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced a decline in the export price figures.

Mushroom And Truffle Imports

Imports in Southern Asia

In 2023, after four years of growth, there was significant decline in overseas purchases of mushrooms and truffles, when their volume decreased by X% to X tons. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2022, and then dropped in the following year.

In value terms, mushroom and truffle imports expanded significantly to $X in 2023. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Nepal (X tons) was the largest importer of mushrooms and truffles, mixing up X% of total imports. It was distantly followed by Maldives (X tons), making up a X% share of total imports. The following importers - Afghanistan (X tons), India (X tons), Bhutan (X tons), Sri Lanka (X tons) and Bangladesh (X tons) - together made up X% of total imports.

Imports into Nepal increased at an average annual rate of X% from 2012 to 2023. At the same time, Maldives (X%), Bangladesh (X%), Bhutan (X%), Sri Lanka (X%), Afghanistan (X%) and India (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Maldives and Nepal increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported mushrooms and truffles in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Maldives stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price enjoyed moderate growth. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform