India: Vegetable Puree Market 2024

Vegetable Puree Market Size in India

The Indian vegetable puree market rose significantly to $X in 2022, increasing by X% against the previous year. In general, consumption recorded prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vegetable Puree Production in India

In value terms, vegetable puree production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Vegetable Puree Exports

Exports from India

In 2022, after three years of growth, there was significant decline in shipments abroad of vegetable puree, when their volume decreased by X% to X tons. In general, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vegetable puree exports dropped dramatically to $X in 2022. Over the period under review, exports saw a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for vegetable puree exports from India, with a X% share of total exports. Moreover, vegetable puree exports to Kuwait exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Japan (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 Kuwait amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

In value terms, Kuwait ($X), the United States ($X) and Japan ($X) constituted the largest markets for vegetable puree exported from India worldwide, together comprising X% of total exports.

Kuwait, with a CAGR of X%, recorded 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 2022, the average vegetable puree export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated modest growth 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, vegetable puree export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Australia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Puree Imports

Imports into India

In 2022, after two years of decline, there was significant growth in supplies from abroad of vegetable puree, when their volume increased by X% to X kg. Overall, imports, however, saw a precipitous contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vegetable puree imports skyrocketed to $X in 2022. In general, imports, however, recorded a dramatic contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X kg) constituted the largest vegetable puree supplier to India, with a X% share of total imports. Moreover, vegetable puree imports from the UK exceeded the figures recorded by the second-largest supplier, Singapore (X kg), eightfold.

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

In value terms, the UK ($X) constituted the largest supplier of vegetable puree to India, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK stood at X%.

Import Prices by Country

In 2022, the average vegetable puree import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the UK stood at $X per ton.

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

Source: IndexBox Platform

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