India: Canned Food Market 2024

Canned Food Market Size in India

The Indian canned food market totaled $X in 2022, almost unchanged from the previous year. Over the period under review, consumption enjoyed strong growth. Canned food consumption peaked in 2022 and is expected to retain growth in years to come.

Canned Food Production in India

In value terms, canned food production amounted to $X in 2022 estimated in export price. In general, production recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Canned food production peaked at $X in 2020; afterwards, it flattened through to 2022.

Canned Food Exports

Exports from India

After two years of growth, overseas shipments of canned food decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, canned food exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for canned food exports from India, accounting for a X% share of total exports. Moreover, canned food exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Canada (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for canned food exports from India, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Canada, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average canned food export price amounted to $X per ton, dropping by X% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned food export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Poland ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into India

In 2022, supplies from abroad of canned food increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, canned food imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Spain (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of canned food imports to India, together accounting for X% of total imports. The Philippines, Singapore, Egypt, China and Bhutan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of canned food to India, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

The average canned food import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned food import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :