India - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in India - 2023
Contents:
- Poppy Seed Price in India (FOB) - 2022
- Poppy Seed Price in India (CIF) - 2022
- Poppy Seed Exports in India
- Poppy Seed Imports in India
Poppy Seed Price in India (FOB) - 2022
In 2022, the average poppy seed export price amounted to $21,303 per ton, surging by 34% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 79%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($23,345 per ton), while the average price for exports to Qatar ($3,984 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Poppy Seed Price in India (CIF) - 2022
In November 2022, the average poppy seed import price amounted to $4,140 per ton, picking up by 15% against the previous month. Overall, import price indicated a resilient expansion from April 2022 to November 2022: its price increased at an average monthly rate of +8.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, poppy seed import price increased by +12.9% against August 2022 indices. The growth pace was the most rapid in June 2022 when the average import price increased by 34% month-to-month. Over the period under review, average import prices reached the peak figure in November 2022.
Average prices varied noticeably amongst the major supplying countries. In November 2022, the country with the highest price was China ($4,201 per ton), while the price for Lithuania ($3,527 per ton) was amongst the lowest.
From April 2022 to November 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Poppy Seed Exports in India
In 2022, overseas shipments of poppy seed decreased by -18.5% to 27 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 61%. As a result, the exports reached the peak of 117 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, poppy seed exports rose notably to $567K in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Poppy Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 561 | 769 | 243 | 292 | -19.6% |
| Canada | 91.4 | 156 | 110 | 182 | 25.8% |
| United Kingdom | 28.0 | 27.4 | 51.7 | 46.4 | 18.3% |
| Hong Kong SAR | 9.3 | 3.3 | 8.8 | 10.3 | 3.5% |
| Philippines | 0.6 | 4.3 | 17.2 | 4.5 | 95.7% |
| Qatar | N/A | N/A | N/A | 3.9 | 0% |
| Kenya | 2.3 | 4.3 | 7.2 | 3.5 | 15.0% |
| Australia | 12.8 | 17.4 | 11.0 | 1.7 | -49.0% |
| New Zealand | 6.4 | 12.6 | 11.5 | N/A | 34.0% |
| Others | 33.0 | 45.2 | 58.2 | 21.7 | -13.0% |
| Total | 745 | 1,040 | 519 | 567 | -8.7% |
Top Export Markets for Poppy Seed from India in 2022:
- United States (12.5 tons)
- Canada (8.4 tons)
- United Kingdom (2.0 tons)
- Qatar (1.0 tons)
- Kenya (0.5 tons)
- Philippines (0.4 tons)
- Hong Kong SAR (0.4 tons)
- Australia (0.1 tons)
Poppy Seed Imports in India
For the third consecutive year, India recorded decline in supplies from abroad of poppy seed, which decreased by 0% to 25K tons in 2022. Overall, imports recorded strong growth. The smallest decline of -79% was in 2020. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, poppy seed imports stood at $82M in 2022. In general, imports posted a resilient expansion. The smallest decline of -85.9% was in 2020. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Poppy Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 53.5 | 4.5 | N/A | 54.0 | 0.3% |
| China | 0.3 | 3.4 | N/A | 23.8 | 329.7% |
| Czech Republic | 0.4 | N/A | N/A | 2.9 | 93.5% |
| Others | 2.1 | N/A | N/A | 1.0 | -21.9% |
| Total | 56.3 | 7.9 | N/A | 81.7 | 13.2% |
Top Suppliers of Poppy Seed to India in 2022:
- Turkey (15.8K tons)
- China (8.0K tons)
- Czech Republic (0.6K tons)
This report provides an in-depth analysis of the poppy seed market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 296 - Poppy seed
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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