
India - Vegetables in Vinegar - Market Analysis, Forecast, Size, Trends and Insights
India: Vinegar-Preserved Vegetable Market 2023
Vinegar-Preserved Vegetable Market Size in India
The Indian vinegar-preserved vegetable market fell modestly to $X in 2021, shrinking by -4.8% against the previous year. In general, consumption, however, recorded buoyant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
Vinegar-Preserved Vegetable Production in India
In value terms, vinegar-preserved vegetable production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +97.3% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 15%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.
Vinegar-Preserved Vegetable Exports
Exports from India
In 2021, approx. X tons of vegetables in vinegar other than potatoes were exported from India; growing by 2.5% against the previous year's figure. In general, exports, however, showed a mild decline. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, vinegar-preserved vegetable exports reached $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 31%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.
Exports by Country
The United States (X tons), the UK (X tons) and Canada (X tons) were the main destinations of vinegar-preserved vegetable exports from India, together comprising 48% of total exports. These countries were followed by Germany, the Netherlands, Russia, Australia, Spain, the United Arab Emirates, France, Poland, New Zealand and Saudi Arabia, which together accounted for a further 40%.
From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +8.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for vinegar-preserved vegetable exported from India were the United States ($X), the UK ($X) and Canada ($X), with a combined 47% share of total exports. Germany, the Netherlands, Australia, Russia, Spain, France, the United Arab Emirates, Poland, New Zealand and Saudi Arabia lagged somewhat behind, together comprising a further 40%.
Germany, with a CAGR of +17.1%, 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 vinegar-preserved vegetable export price stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vinegar-preserved vegetable export price increased by +61.1% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked in 2021 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Vinegar-Preserved Vegetable Imports
Imports into India
In 2021, supplies from abroad of vegetables in vinegar other than potatoes increased by 48% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.
In value terms, vinegar-preserved vegetable imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 125% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.
Imports by Country
The UK (X tons), Germany (X tons) and Sri Lanka (X tons) were the main suppliers of vinegar-preserved vegetable imports to India, with a combined 54% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), the UK ($X) and Sri Lanka ($X) appeared to be the largest vinegar-preserved vegetable suppliers to India, together accounting for 47% of total imports.
In terms of the main suppliers, Germany, with a CAGR of +42.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average vinegar-preserved vegetable import price stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the vinegar-preserved vegetable market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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