Prepared mushrooms and truffles market in Southern Asia

Earlier Report Observations

The market for prepared mushrooms and truffles in India entered a period of strong expansion from 2018, when Bihar emerged as the largest producer, significantly boosting output. This production growth was reinforced by the entry of new players and the adoption of modern cultivation techniques like shelf systems in Himachal Pradesh, which enhanced efficiency. At the same time, rising consumer awareness of the nutritional benefits of mushrooms and a health-conscious shift amplified by the COVID-19 pandemic in 2020 drove up demand, lifting the market volume from 64.7 thousand tons in 2018 to 101.3 thousand tons in 2020.

Growth continued from 2021 to 2023, with the market reaching 149.9 thousand tons in 2023. Evolving dietary preferences towards fitness and veganism sustained consumption, while demand broadened to include diverse varieties such as oyster, shiitake, and lion's mane mushrooms. A sharp 66% year-on-year increase in oyster mushroom exports in 2023 highlighted developing global demand, providing an additional stimulus to production. Consumer behavior into 2024 remained shaped by the pursuit of nutritious superfoods, consistent with the trends observed in prior years.

Production prepared mushrooms and truffles in Southern Asia

In kind, 2017-2020, t

Top producers of prepared mushrooms and truffles, 2017-2020

World map of production of prepared mushrooms and truffles, 2017-2020

Southern Asia's production of prepared mushrooms and truffles has grown for the third year in a row. In 2020, the region produced 97 634 tonnes, representing a significant year-over-year increase of 16.9%. From 2017 to 2020, production surged by 105.8%, which translates to an average annual growth rate of 27.2%.

Annual dynamics of production in Southern Asia in kind, 2017-2020, t

Exports prepared mushrooms and truffles from Southern Asia

Exports in kind, t

Export volumes showed considerable volatility during the period. The lowest point was in 2018 at 6 tonnes, while exports peaked in 2019 at 171 tonnes—a 30-fold difference between these years. In 2020, exports from Southern Asia totaled 124 tonnes, marking a sharp decline of 27.7% compared to the previous year. The largest decrease occurred in 2018, falling by 41.4%, while the most substantial increase was in 2019, soaring by 2 866.2%.

Annual dynamics of product's exports from Southern Asia in kind, 2017-2020, t

From 2017 to 2020, Iraq, Turkey, and Kuwait were the key destinations for exports in volume terms. Iraq accounted for 59.9% of exports, Turkey for 7.2%, and Kuwait for 6.4%. Together, these three countries represented 73.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Southern Asia in kind, 2017-2020

Exports in value, K $ US

Export values exhibited notable volatility over the observed period. The lowest value was recorded in 2018 at 11 000 US dollars, while the highest was in 2019 at 258 000 US dollars—a 23-fold gap. In 2020, Southern Asia exported 163 000 US dollars worth of prepared mushrooms and truffles, reflecting a steep drop of 36.8% year-over-year. The most significant decline happened in 2018, decreasing by 77.3%, whereas the largest increase occurred in 2019, jumping by 2 242.2%.

Annual dynamics of product's exports from Southern Asia in value, 2017-2020, K $ US

Between 2017 and 2020, Iraq, Kuwait, and the United Arab Emirates were the primary markets for exports in value terms. Iraq made up 56.5% of exports, Kuwait 7.5%, and the UAE 6.4%. Collectively, these three destinations accounted for 70.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Southern Asia in value, 2017-2020

Imports prepared mushrooms and truffles to Southern Asia

Imports in kind, t

Imports of prepared mushrooms and truffles into Southern Asia rose for the second consecutive year. In 2020, imports reached 3 763 tonnes, up 15.4% from the previous year. Over the 2017-2020 period, imports grew by 41.9%, with a compound annual growth rate of 12.4%. The lowest volume was in 2018 at 2 623 tonnes, which saw a slight decline of 1.1%. The most notable increase was in 2019, climbing by 24.3%.

Annual dynamics of product's imports to Southern Asia in kind, 2017-2020, t

From 2017 to 2020, China overwhelmingly dominated the import structure in volume terms for prepared mushrooms and truffles into Southern Asia, holding a 93.9% share of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Southern Asia in kind, 2017-2020

Imports in value, K $ US

Import values for prepared mushrooms and truffles in Southern Asia increased for the third year in a row. In 2020, imports amounted to 4 124 000 US dollars, showing a moderate rise of 7.8% compared to 2019. Between 2017 and 2020, import values grew by 42.4%, with an average annual growth rate of 12.5%.

Annual dynamics of product's imports to Southern Asia in value, 2017-2020, K $ US

During 2017-2020, China was the dominant source for imports in value terms, accounting for 92.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Southern Asia in value, 2017-2020