Southern Asia: Sweet Potato Market 2024

Sweet Potato Market Size in Southern Asia

The South Asian sweet potato market contracted modestly to $X in 2023, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Sweet Potato Production in Southern Asia

In value terms, sweet potato production reduced to $X in 2023 estimated in export price. The total production indicated temperate growth 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 increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

India (X tons) remains the largest sweet potato producing country in Southern Asia, accounting for X% of total volume. Moreover, sweet potato production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), fourfold.

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

The average sweet potato yield declined modestly to X tons per ha in 2023, dropping by X% compared with 2022. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the sweet potato harvested area in Southern Asia shrank modestly to X ha, standing approx. at the previous year. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2023, the harvested area stood at a somewhat lower figure.

Sweet Potato Exports

Exports in Southern Asia

In 2023, approx. X tons of sweet potatoes were exported in Southern Asia; remaining stable against the year before. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, sweet potato exports reduced to $X in 2023. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, India (X tons) was the key exporter of sweet potatoes, constituting X% of total exports. Bangladesh (X tons) held the second position in the ranking, followed by Sri Lanka (X tons) and Pakistan (X tons). All these countries together held near X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sweet potato exports from India stood at X%. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. Bangladesh (X p.p.), Sri Lanka (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest sweet potato supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Bangladesh ($X), together comprising X% of total exports.

In terms of the main exporting countries, Bangladesh, 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, reducing by X% against the previous year. Over the period under review, the export price, however, showed slight growth. The growth pace was the most rapid in 2014 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Sweet Potato Imports

Imports in Southern Asia

Sweet potato imports skyrocketed to X tons in 2023, jumping by X% on the previous year. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, sweet potato imports soared to $X in 2023. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

Maldives represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Nepal (X tons) held the second position in the ranking, distantly followed by Afghanistan (X tons) and Bhutan (X tons). All these countries together held near X% share of total imports. India (X tons) held a relatively small share of total imports.

Imports into Maldives increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Nepal (X%), Bhutan (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, India 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 Nepal, Maldives, Bhutan and India increased by X, X, X and X percentage points, respectively.

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

In Maldives, sweet potato imports expanded at an average annual rate of X% over the period from 2012-2023. 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

In 2023, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price 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, sweet potato import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 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 India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform