India: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in India

The Indian mushroom and truffle market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a significant increase. Mushroom and truffle consumption peaked in 2022 and is likely to continue growth in the near future.

Mushroom And Truffle Production in India

In value terms, mushroom and truffle production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of mushrooms and truffles in India totaled less than X kg per ha in 2022, remaining constant against the year before. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of mushrooms and truffles were harvested in India; almost unchanged from the previous year. In general, the harvested area recorded a relatively flat trend pattern.

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Mushroom And Truffle Exports

Exports from India

In 2022, approx. X tons of mushrooms and truffles were exported from India; jumping by X% on 2021. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, mushroom and truffle exports skyrocketed to $X in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for mushroom and truffle exports from India, accounting for a X% share of total exports. Moreover, mushroom and truffle exports to Nepal exceeded the volume sent to the second major destination, Bhutan (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X.1% per year) and the United Arab Emirates (X% per year).

In value terms, Nepal ($X) remains the key foreign market for mushrooms and truffles exports from India, comprising X% of total exports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (X.5% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average mushroom and truffle export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a slight curtailment. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($X 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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mushroom And Truffle Imports

Imports into India

In 2022, purchases abroad of mushrooms and truffles decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, mushroom and truffle imports dropped to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Thailand (X tons) was the main mushroom and truffle supplier to India, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to X%.

In value terms, Thailand ($X) constituted the largest supplier of mushrooms and truffles to India.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled X%.

Import Prices by Country

In 2022, the average mushroom and truffle import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Source: IndexBox Platform