Price for Vegetable Products Not Elsewhere Specified or Included in India - 2023
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in India (FOB) - 2023
- Price for Vegetable Products Not Elsewhere Specified or Included in India (CIF) - 2023
- Exports of Vegetable Products Not Elsewhere Specified or Included in India
- Imports of Vegetable Products Not Elsewhere Specified or Included in India
Price for Vegetable Products Not Elsewhere Specified or Included in India (FOB) - 2023
In July 2023, the average export price for vegetable products not elsewhere specified or includeds amounted to $609 per ton, increasing by 7.9% against the previous month. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in June 2023 an increase of 11% month-to-month. Over the period under review, the average export prices reached the maximum at $1,395 per ton in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sri Lanka ($3,252 per ton), while the average price for exports to China ($325 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in India (CIF) - 2023
In July 2023, the average import price for vegetable products not elsewhere specified or includeds amounted to $731 per ton, shrinking by -7.6% against the previous month. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 27% month-to-month. Over the period under review, average import prices reached the peak figure at $1,416 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($3,142 per ton), while the price for Vietnam ($364 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Nepal (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vegetable Products Not Elsewhere Specified or Included in India
In 2022, approx. 43K tons of vegetable products not elsewhere specified or includeds were exported from India; dropping by -47.2% on the year before. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of 82K tons, and then declined sharply in the following year.
In value terms, exports of vegetable products not elsewhere specified or includeds shrank remarkably to $40M in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $56M, and then dropped dramatically in the following year.
| Export of Vegetable Products Not Elsewhere Specified or Included in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 7.0 | 9.1 | 9.7 | 5.5 | -7.7% |
| China | 9.6 | 6.5 | 18.7 | 5.1 | -19.0% |
| Japan | 8.4 | 6.1 | 3.6 | 4.8 | -17.0% |
| United States | 2.4 | 2.0 | 2.4 | 2.7 | 4.0% |
| United Kingdom | 1.4 | 0.9 | 1.4 | 2.2 | 16.3% |
| United Arab Emirates | 1.3 | 1.3 | 1.6 | 1.7 | 9.4% |
| South Africa | 0.2 | 0.3 | 0.7 | 1.4 | 91.3% |
| Spain | 0.8 | 0.7 | 0.8 | 1.3 | 17.6% |
| Nepal | 1.2 | 1.5 | 1.6 | 1.1 | -2.9% |
| Saudi Arabia | 2.4 | 1.6 | 0.4 | 0.9 | -27.9% |
| Bangladesh | 3.1 | 2.6 | 2.7 | 0.6 | -42.2% |
| Qatar | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
| Kuwait | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Others | 10.5 | 8.1 | 12.1 | 12.3 | 5.4% |
| Total | 49.1 | 41.3 | 56.2 | 40.3 | -6.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from India in 2022:
- China (15.6K tons)
- Japan (7.1K tons)
- Bangladesh (2.4K tons)
- Saudi Arabia (1.8K tons)
- United Arab Emirates (1.8K tons)
- Sri Lanka (1.7K tons)
- United States (1.1K tons)
- United Kingdom (0.9K tons)
- Kuwait (0.9K tons)
- Spain (0.9K tons)
- Qatar (0.8K tons)
- South Africa (0.7K tons)
- Nepal (0.7K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in India
In 2022, overseas purchases of vegetable products not elsewhere specified or includeds decreased by -10.4% to 28K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 74%. As a result, imports attained the peak of 38K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetable products not elsewhere specified or includeds shrank to $31M in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 91% against the previous year.
| Import of Vegetable Products Not Elsewhere Specified or Included in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 4.5 | 14.5 | 13.9 | 18.5 | 60.2% |
| Indonesia | 4.6 | 3.5 | 17.7 | 10.4 | 31.2% |
| Vietnam | 2.4 | 4.5 | 2.5 | 1.7 | -10.9% |
| Singapore | N/A | 0.2 | N/A | 0.3 | 22.5% |
| Others | 0.5 | 0.4 | 0.2 | 0.5 | 0.0% |
| Total | 12.0 | 23.0 | 34.4 | 31.4 | 37.8% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to India in 2022:
- Nepal (17.9K tons)
- Vietnam (5.4K tons)
- Indonesia (3.0K tons)
- Singapore (0.7K tons)
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