India - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in India - 2023
Contents:
- Nuts Price in India (CIF) - 2022
- Nuts Price in India (FOB) - 2022
- Nuts Imports in India
- Nuts Exports in India
Nuts Price in India (CIF) - 2022
The average nuts import price stood at $1,946 per ton in 2022, reducing by -1.8% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts import price decreased by +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 22%. As a result, import price attained the peak level of $2,702 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,255 per ton), while the price for Guinea ($1,258 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Price in India (FOB) - 2022
The average nuts export price stood at $1,631 per ton in 2022, reducing by -4.1% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts export price decreased by -33.5% against 2017 indices. The growth pace was the most rapid in 2015 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $2,454 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($6,240 per ton), while the average price for exports to Bangladesh ($494 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 Saudi Arabia (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Nuts Imports in India
For the fourth year in a row, India recorded growth in purchases abroad of nuts, which increased by 46% to 1.7M tons in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, nuts imports surged to $3.3B in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nuts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 802 | 862 | 820 | 996 | 7.5% |
| Cote d'Ivoire | 168 | 110 | 135 | 349 | 27.6% |
| Ghana | 151 | 147 | 181 | 294 | 24.9% |
| Benin | 240 | 185 | 264 | 269 | 3.9% |
| Guinea-Bissau | 131 | 134 | 151 | 202 | 15.5% |
| Tanzania | 26.0 | 229 | 80.2 | 157 | 82.1% |
| Nigeria | 51.2 | 40.7 | 49.8 | 108 | 28.2% |
| Guinea | 48.4 | 37.1 | 55.8 | 99.3 | 27.1% |
| Senegal | 24.6 | 21.0 | 61.6 | 86.7 | 52.2% |
| Burkina Faso | 30.4 | 24.4 | 22.5 | 72.9 | 33.8% |
| Togo | 45.6 | 24.8 | 37.1 | 69.3 | 15.0% |
| Mozambique | 16.6 | 31.1 | 6.4 | 53.6 | 47.8% |
| Singapore | 84.2 | 24.2 | 27.0 | 28.1 | -30.6% |
| Others | 331 | 390 | 451 | 563 | 19.4% |
| Total | 2,149 | 2,259 | 2,343 | 3,348 | 15.9% |
Top Suppliers of Nuts to India in 2022:
- Cote d'Ivoire (273.1K tons)
- United States (234.1K tons)
- Ghana (225.3K tons)
- Benin (186.2K tons)
- Guinea-Bissau (130.4K tons)
- Tanzania (105.9K tons)
- Nigeria (80.9K tons)
- Guinea (78.9K tons)
- Burkina Faso (56.8K tons)
- Senegal (56.5K tons)
- Togo (49.1K tons)
- Mozambique (42.3K tons)
- Singapore (19.9K tons)
Nuts Exports in India
In 2022, exports of nuts from India reached 39K tons, with an increase of 12% compared with the year before. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, nuts exports expanded notably to $63M in 2022. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Nuts in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 20.2 | 19.5 | 33.5 | 16.6 | -6.3% |
| Bangladesh | N/A | N/A | 0.7 | 11.6 | 1557.1% |
| Myanmar | N/A | N/A | N/A | 11.5 | 0% |
| United Arab Emirates | 2.1 | 1.6 | 0.9 | 10.5 | 71.0% |
| Maldives | 5.1 | 3.7 | 5.7 | 3.3 | -13.5% |
| Thailand | N/A | 0.8 | 2.1 | 1.3 | 27.5% |
| Sri Lanka | 3.0 | 2.7 | 2.6 | 1.0 | -30.7% |
| Nepal | 3.1 | 0.3 | 0.4 | 0.2 | -59.9% |
| Others | 4.9 | 6.0 | 13.0 | 7.0 | 12.6% |
| Total | 38.4 | 34.6 | 59.0 | 63.1 | 18.0% |
Top Export Markets for Nuts from India in 2022:
- Bangladesh (23.4K tons)
- Vietnam (8.3K tons)
- United Arab Emirates (2.6K tons)
- Myanmar (2.0K tons)
- Maldives (0.5K tons)
- Thailand (0.4K tons)
- Sri Lanka (0.2K tons)
- Nepal (0.1K tons)
This report provides an in-depth analysis of the nuts 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 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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
447
This report provides an in-depth analysis of the nuts market in India.
2905
This report provides an in-depth analysis of the almond market in India.
530
This report provides an in-depth analysis of the shelled walnut market in India.
146
This report provides an in-depth analysis of the shelled hazelnut market in India.
2269
This report provides an in-depth analysis of the walnut market in India.
1450
This report provides an in-depth analysis of the pistachio market in India.
1181
This report provides an in-depth analysis of the kola nut market in India.
1413
This report provides an in-depth analysis of the hazelnut market in India.
912
This report provides an in-depth analysis of the chestnut market in India.
1743
This report provides an in-depth analysis of the areca nut market in India.
598
In February 2023, the almond price stood at $3,433 per ton (CIF, India), dropping by -5.6% against the previous month.
171
In August 2023, the growth rate of Shelled Hazelnut reached its highest point, with a remarkable month-to-month increase of 350%. However, the value of imported Shelled Hazelnuts experienced a significant decline in October 2023, dropping to $234K.
294
The imports of Walnuts hit a staggering value of $14M in July 2023.
238
The import growth of Pistachio remained at a lower figure from October 2022 to July 2023. In terms of value, Pistachio imports fell to $15M in July 2023.
97
The growth rate for Areca Nut was highest in May 2023, jumping by 174% compared to the previous month. However, the value of Areca Nut imports plummeted to $13M in November 2023.
215
The rate of expansion showed the highest acceleration in May 2023 with a 174% month-to-month increase in imports. In terms of value, imports of Areca Nut surged to $22M in October 2023.
242
In May 2023, the pace of growth for Areca Nut imports was staggering, with a month-on-month increase of 174%. Furthermore, the value of these imports reached an impressive $22M in October 2023.
400
The price of Areca Nut in June 2023 reached $4,127 per ton (CIF, India), showing a 13% increase compared to the previous month.
342
This article explores the top import markets for nuts, including India, Vietnam, China, Germany, Italy, Turkey, the United Arab Emirates, Mexico, Spain, and the United States. These countries showcase a diverse range of preferences in terms of nut varieties, and the statistics provided highlight their significant demand and potential for further growth in the nut market.
616
Discover the top import markets for nuts and tap into a significant growth opportunity. India, Vietnam, China, Germany, and Italy are among the leading destinations for nut exporters.
