India - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in India Grows Notably to $1,768 per Ton After Two Consecutive Months of Increase
India Chewing Gum Export Price in November 2022
In November 2022, the chewing gum price stood at $1,768 per ton (FOB, India), growing by 4.6% against the previous month. Over the period from November 2021 to November 2022, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in December 2021 when the average export price increased by 10% against the previous month. The export price peaked at $1,785 per ton in May 2022; afterwards, it flattened through to November 2022.
There were significant differences in the average prices for the major overseas markets. In November 2022, the country with the highest price was the United Arab Emirates ($3,634 per ton), while the average price for exports to Democratic Republic of the Congo ($1,160 per ton) was amongst the lowest.
From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
India Chewing Gum Exports
In November 2022, overseas shipments of chewing gum decreased by -1.8% to 952 tons for the first time since July 2022, thus ending a three-month rising trend. Over the period under review, exports, however, posted slight growth. The pace of growth was the most pronounced in May 2022 when exports increased by 82% against the previous month. Over the period under review, the exports reached the maximum at 969 tons in October 2022, and then dropped modestly in the following month.
In value terms, chewing gum exports amounted to $1.7M (IndexBox estimates) in November 2022. In general, exports, however, saw measured growth. The most prominent rate of growth was recorded in May 2022 with an increase of 93% against the previous month. Over the period under review, the exports hit record highs in November 2022.
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India Chewing Gum Exports by Country
Nepal (179 tons), Democratic Republic of the Congo (168 tons) and Mauritania (112 tons) were the main destinations of chewing gum exports from India, with a combined 48% share of total exports. These countries were followed by the United Arab Emirates, Senegal, Cameroon, Gambia, Nigeria, Ghana, Tanzania, Equatorial Guinea, Niger and Angola, which together accounted for a further 46%.
From November 2021 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for chewing gum exported from India were Nepal ($409K), the United Arab Emirates ($391K) and Democratic Republic of the Congo ($195K), together accounting for 59% of total exports. These countries were followed by Mauritania, Senegal, Gambia, Cameroon, Nigeria, Tanzania, Equatorial Guinea, Ghana, Niger and Angola, which together accounted for a further 34%.
In terms of the main countries of destination, Senegal, with a CAGR of +53.2%, 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.
Chewing Gum Prices in India Experience Surge Due to Rising Costs of Raw Materials, Packaging, and Transportation, Along with Increased Demand
Chewing gum prices in India have seen a notable increase over the last two months. The reason for this surge in price can be attributed to several factors, including rising costs of raw materials and packaging, higher transportation costs, and increased demand for chewing gum in India.
The cost of raw materials such as sugar, corn syrup and latex have been steadily increasing in price, making it more expensive for chewing gum manufacturers to produce their products. Additionally, packaging costs have also risen due to the scarcity of certain materials, such as aluminium foil used for packaging.
Transportation costs have also been on the rise, with fuel prices increasing steadily. This has impacted shipping and delivery costs, which are then passed on to the consumer in the form of higher prices.
Finally, the demand for chewing gum in India has grown significantly in recent years, leading to an increase in price. With more and more consumers purchasing chewing gum as a quick and refreshing snack option, the demand for the product has skyrocketed.
This report provides an in-depth analysis of the chewing gum 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:
- Prodcom 10822310 - Chewing gum
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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
