India: Apple Juice Market 2024

Apple Juice Market Size in India

In 2021, after three years of growth, there was significant decline in the Indian apple juice market, when its value decreased by -16.9% to $X. Over the period under review, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Apple Juice Production in India

In value terms, apple juice production fell sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Apple Juice Exports

Exports from India

In 2021, overseas shipments of apple juice (single strength) increased by 60% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 349%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, apple juice exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2016 with an increase of 381%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bhutan (X tons) was the main destination for apple juice exports from India, accounting for a 82% share of total exports. Moreover, apple juice exports to Bhutan exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. Nepal (X kg) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bhutan stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+3.7% per year) and Nepal (-19.2% per year).

In value terms, Bhutan ($X) remains the key foreign market for apple juice (single strength) exports from India, comprising 61% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total exports. It was followed by Nepal, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bhutan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+19.1% per year) and Nepal (-2.1% per year).

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, which is down by -24.7% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Bhutan ($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 United Arab Emirates (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Apple Juice Imports

Imports into India

In 2021, apple juice imports into India skyrocketed to X tons, with an increase of 490% on the previous year's figure. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 2,000%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, apple juice imports soared to $X in 2021. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,953%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Nepal (X tons) constituted the largest supplier of apple juice to India, accounting for a 85% share of total imports. Moreover, apple juice imports from Nepal exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Nepal stood at +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+60.8% per year) and Bhutan (+109.8% per year).

In value terms, Nepal ($X) constituted the largest supplier of apple juice (single strength) to India, comprising 79% of total imports. The second position in the ranking was taken by Australia ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Nepal totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+55.9% per year) and Bhutan (+82.4% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2021, dropping by -10.2% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 an increase of 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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