India: Prepared Drier Market 2024

Prepared Drier Market Size in India

In 2023, the Indian prepared drier market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption recorded a mild decrease. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Prepared Drier Production in India

In value terms, prepared drier production rose modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a mild increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Prepared Drier Exports

Exports from India

In 2023, approx. X tons of prepared driers were exported from India; growing by X% against the previous year's figure. Overall, total exports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared drier exports surged to $X in 2023. In general, total exports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. 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 reached the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons), Germany (X tons) and Bangladesh (X tons) were the main destinations of prepared drier exports from India, with a combined X% share of total exports. Russia, Vietnam, Nigeria, the United Arab Emirates, Iraq, Nepal, the United States, Kenya, Malaysia and Tanzania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Tanzania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and Bangladesh ($X) were the largest markets for prepared drier exported from India worldwide, together accounting for X% of total exports. Russia, Vietnam, the United States, Nigeria, the United Arab Emirates, Kenya, Iraq, Nepal, Malaysia and Tanzania lagged somewhat behind, together comprising a further X%.

Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 prepared drier export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Drier Imports

Imports into India

After three years of growth, supplies from abroad of prepared driers decreased by X% to X tons in 2023. Over the period under review, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then shrank markedly in the following year.

In value terms, prepared drier imports shrank sharply to $X in 2023. Overall, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell notably in the following year.

Imports by Country

Egypt (X tons), Belgium (X tons) and France (X tons) were the main suppliers of prepared drier imports to India, with a combined X% share of total imports.

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

In value terms, the United States ($X) constituted the largest supplier of prepared driers to India, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Belgium (X% per year).

Import Prices by Country

The average prepared drier import price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform