India: Crispbread Market 2024

Crispbread Market Size in India

After five years of growth, the Indian crispbread market decreased by -1.4% to $X in 2021. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 9.2% against the previous year. Crispbread consumption peaked at $X in 2020, and then contracted slightly in the following year.

Crispbread Production in India

In value terms, crispbread production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Crispbread Exports

Exports from India

Crispbread exports from India dropped notably to X tons in 2021, waning by -34.1% against the previous year's figure. Over the period under review, exports saw a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of 503%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, crispbread exports contracted dramatically to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 374% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for crispbread exports from India, accounting for a 70% share of total exports. Moreover, crispbread exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X tons), eightfold. Qatar (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.3% per year) and Qatar (-56.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for crispbread exports from India, comprising 59% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Qatar, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.7% per year) and Qatar (-45.7% per year).

Export Prices by Country

In 2021, the average crispbread export price amounted to $X per ton, surging by 15% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread export price increased by +53.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 55%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bahrain (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into India

Crispbread imports into India skyrocketed to X tons in 2021, rising by 167% against the previous year's figure. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 626%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, crispbread imports surged to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 249%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Vietnam (X tons) and the United States (X kg) were the main suppliers of crispbread imports to India, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +102.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Vietnam ($X) and the United States ($X) were the largest crispbread suppliers to India, together accounting for 96% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +78.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, dropping by -20.1% against the previous year. Overall, the import price faced a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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