India: Fructose Market 2024

Fructose Market Size in India

The Indian fructose market fell to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a slight downturn. Fructose consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Fructose Production in India

In value terms, fructose production fell modestly to $X in 2023 estimated in export price. In general, production continues to indicate a mild slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Fructose production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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Fructose Exports

Exports from India

For the third year in a row, India recorded growth in shipments abroad of fructose and fructose syrup, which increased by X% to X tons in 2023. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The exports peaked in 2023 and are likely to see steady growth in the near future.

In value terms, fructose exports soared to $X in 2023. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Thailand (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of fructose exports from India, with a combined X% share of total exports. The Philippines, Malaysia, the United States, Nepal, the United Arab Emirates, Uzbekistan, Sri Lanka, Iraq, South Africa and Nigeria lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fructose exported from India were Thailand ($X), Vietnam ($X) and the Philippines ($X), together accounting for X% of total exports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average fructose export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports

Imports into India

Fructose imports into India expanded remarkably to X tons in 2023, growing by X% on the previous year. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, fructose imports skyrocketed to $X in 2023. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and the United States (X tons) were the main suppliers of fructose imports to India, together accounting for X% of total imports. The Netherlands, Singapore, Finland, Israel and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and the United States ($X) were the largest fructose suppliers to India, together comprising X% of total imports. The Netherlands, Israel, Singapore, Finland and France lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fructose import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price posted measured growth. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform