India: Dried Mushroom Market 2024

Dried Mushroom Market Size in India

The Indian dried mushroom market rose significantly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Dried Mushroom Production in India

In value terms, dried mushroom production rose significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Dried Mushroom Exports

Exports from India

In 2022, after two years of growth, there was significant decline in shipments abroad of dried mushrooms and truffles, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, dried mushroom exports fell significantly to $X in 2022. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for dried mushroom exports from India, accounting for a X% share of total exports. Moreover, dried mushroom exports to Switzerland exceeded the volume sent to the second major destination, Germany (X tons), sixfold. Bhutan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Bhutan (X% per year).

In value terms, France ($X), Switzerland ($X) and Germany ($X) constituted the largest markets for dried mushroom exported from India worldwide, with a combined X% share of total exports. Bhutan, Nepal and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Bhutan, with a CAGR of X%, saw the highest growth rate of 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

The average dried mushroom export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a abrupt slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Nepal ($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 France (X%), while the prices for the other major destinations experienced a decline.

Dried Mushroom Imports

Imports into India

In 2022, purchases abroad of dried 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, showed a tangible expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, dried mushroom imports fell markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Nepal (X tons) constituted the largest supplier of dried mushroom to India, with a X% share of total imports. Moreover, dried mushroom imports from Nepal exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Nepal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, Nepal ($X) constituted the largest supplier of dried mushrooms and truffles to India, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Nepal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average dried mushroom import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 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 China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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