India: Vinegar Market 2024

Vinegar Market Size in India

The Indian vinegar market contracted sharply to $X in 2023, reducing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Vinegar consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Vinegar Production in India

In value terms, vinegar production totaled $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2023: its value 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. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Vinegar Exports

Exports from India

Vinegar exports from India skyrocketed to X tons in 2023, picking up by X% on 2022 figures. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, vinegar exports surged to $X in 2023. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for vinegar exports from India, accounting for a X% share of total exports. Moreover, vinegar exports to Qatar exceeded the volume sent to the second major destination, Iraq (X tons), ninefold. The third position in this ranking was held by Nigeria (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Nigeria (X% per year).

In value terms, the largest markets for vinegar exported from India were Qatar ($X), the United States ($X) and Nepal ($X), with a combined X% share of total exports. Iraq, the United Arab Emirates, the UK, Nigeria, Kuwait, Fiji and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Fiji, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 vinegar export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sri Lanka ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into India

In 2023, vinegar imports into India fell dramatically to X tons, with a decrease of X% against the year before. In general, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, vinegar imports dropped remarkably to $X in 2023. Overall, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), France (X tons) and the United States (X tons) were the main suppliers of vinegar imports to India, with a combined X% share of total imports. The Netherlands, China, Spain, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest vinegar suppliers to India were the United States ($X), Belgium ($X) and Italy ($X), together accounting for X% of total imports. China, Spain, France, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vinegar import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 ($X per ton), while the price for France ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform