Asia: Sweet Potato Market 2024

Sweet Potato Market Size in Asia

The Asian sweet potato market dropped to $X in 2022, which is down by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Sweet Potato Production in Asia

In value terms, sweet potato production reduced to $X in 2022 estimated in export price. In general, production, however, saw a perceptible increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of sweet potato production, accounting for X% of total volume. It was followed by India (X tons), with a X% share of total production. Vietnam (X tons) ranked third in terms of total production with a X% share.

In China, sweet potato production declined by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Vietnam (X% per year).

The average sweet potato yield dropped to X tons per ha in 2022, approximately mirroring 2021. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the sweet potato yield attained the peak level at X tons per ha in 2018; however, from 2019 to 2022, 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.

The sweet potato harvested area declined modestly to X ha in 2022, waning by X% on the previous year's figure. Over the period under review, the harvested area recorded a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sweet potato production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Sweet Potato Exports

Exports in Asia

Sweet potato exports shrank to X tons in 2022, falling by X% against the year before. Over the period under review, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, sweet potato exports fell to $X in 2022. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) represented roughly X% of total exports in 2022. Lao People's Democratic Republic (X tons) ranks next in terms of the total exports with a X% share, followed by Japan (X%). The following exporters - Malaysia (X tons) and Israel (X tons) - together made up X% of total exports.

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

In value terms, Vietnam ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price 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, sweet potato export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Sweet Potato Imports

Imports in Asia

In 2022, overseas purchases of sweet potatoes increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Total imports indicated a resilient expansion 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, sweet potato imports totaled $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Thailand (X tons), Saudi Arabia (X tons), Malaysia (X tons), the United Arab Emirates (X tons), Japan (X tons), Singapore (X tons) and Hong Kong SAR (X tons) represented roughly X% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet potato importing markets in Asia were Thailand ($X), Japan ($X) and Hong Kong SAR ($X), together comprising X% of total imports.

In terms of the main importing countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of 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 Asia stood at $X per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform