India: Vegetable Market 2022

Vegetable Market Size in India

In 2021, after four years of growth, there was decline in the Indian vegetable market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Vegetable consumption peaked at $X in 2020, and then dropped modestly in the following year.

Vegetable Production in India

In value terms, vegetable production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

The average yield of vegetables in India contracted slightly to X tonnes per ha in 2021, with a decrease of -X% on 2020 figures. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. The vegetable yield peaked at X tonnes per ha in 2020, and then fell modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of vegetables in India expanded modestly to X ha, growing by X% on the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the harvested area increased by X%. The vegetable harvested area peaked in 2021 and is expected to retain growth in the near future.

Vegetable Exports

Exports from India

In 2021, vegetable exports from India rose to X tonnes, increasing by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tonnes. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vegetable exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X tonnes), Nepal (X tonnes) and the United Arab Emirates (X tonnes) were the main destinations of vegetable exports from India, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable exported from India were Bangladesh ($X), the United Arab Emirates ($X) and Nepal ($X), together comprising X% of total exports.

Bangladesh, 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 2021, the average vegetable export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per tonne in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Nepal ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into India

In 2021, the amount of vegetables imported into India surged to X tonnes, with an increase of X% on the previous year's figure. In general, imports posted a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vegetable imports surged to $X in 2021. Over the period under review, imports saw a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Afghanistan (X tonnes) constituted the largest supplier of vegetable to India, with a X% share of total imports. Moreover, vegetable imports from Afghanistan exceeded the figures recorded by the second-largest supplier, Nepal (X tonnes), twofold. The third position in this ranking was occupied by Bhutan (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Afghanistan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nepal (+X% per year) and Bhutan (+X% per year).

In value terms, Afghanistan ($X) constituted the largest supplier of vegetable to India, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Afghanistan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Nepal (+X% per year).

Import Prices by Country

In 2021, the average vegetable import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Afghanistan ($X per tonne), while the price for Nepal ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform