India - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in India - 2023
Contents:
- Soups Price in India (FOB) - 2023
- Soups Price in India (CIF) - 2022
- Soups Exports in India
- Soups Imports in India
Soups Price in India (FOB) - 2023
The average soups export price stood at $2,293 per ton in July 2023, growing by 9% against the previous month. Overall, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in October 2022 an increase of 13% m-o-m. As a result, the export price attained the peak level of $3,225 per ton. From November 2022 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Nepal ($10,015 per ton), while the average price for exports to the Dominican Republic ($1,398 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Price in India (CIF) - 2022
In 2022, the average soups import price amounted to $2,962 per ton, growing by 20% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2014 an increase of 39%. As a result, import price reached the peak level of $5,561 per ton. From 2015 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 ($8,138 per ton), while the price for Thailand ($1,077 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Exports in India
In 2022, soups exports from India skyrocketed to 2.1K tons, rising by 32% compared with the year before. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 94%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, soups exports skyrocketed to $5.7M in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 74% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Soups in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 157 | 868 | 1,388 | 1,577 | 115.8% |
| United States | 1,062 | 1,814 | 1,174 | 1,541 | 13.2% |
| Nepal | 395 | 441 | 903 | 1,026 | 37.5% |
| Bhutan | 119 | 280 | 255 | 290 | 34.6% |
| Bangladesh | 203 | 116 | 221 | 250 | 7.2% |
| Australia | 146 | 155 | 220 | 249 | 19.5% |
| Canada | 133 | 271 | 178 | 221 | 18.4% |
| United Arab Emirates | 125 | 158 | 109 | 149 | 6.0% |
| Others | 190 | 297 | 361 | 392 | 27.3% |
| Total | 2,530 | 4,399 | 4,809 | 5,696 | 31.1% |
Top Export Markets for Soups from India in 2022:
- South Korea (782.7 tons)
- United States (671.0 tons)
- Nepal (162.8 tons)
- Bangladesh (132.1 tons)
- Australia (77.2 tons)
- Canada (71.9 tons)
- Bhutan (67.3 tons)
- United Arab Emirates (53.4 tons)
Soups Imports in India
In 2022, the amount of soups and broths imported into India expanded notably to 54 tons, with an increase of 14% compared with 2021 figures. Over the period under review, imports, however, faced a significant curtailment.
In value terms, soups imports surged to $160K in 2022. In general, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 54%.
| Import of Soups in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 178 | 72.2 | 104 | 139 | -7.9% |
| Thailand | 26.0 | 0.8 | 3.4 | 7.3 | -34.5% |
| United Kingdom | 18.5 | 0.6 | 0.6 | 4.4 | -38.0% |
| Others | 11.7 | 2.3 | 8.9 | 9.0 | -8.4% |
| Total | 234 | 75.9 | 117 | 160 | -11.9% |
Top Suppliers of Soups to India in 2022:
- United Arab Emirates (45.0 tons)
- Thailand (6.8 tons)
- United Kingdom (0.9 tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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
- 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
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