India: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in India

The Indian prepared dish and meal market expanded slightly to $X in 2021, growing by 2.3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Prepared Dishes And Meals in India

In value terms, prepared dish and meal production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. Prepared dish and meal production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Dishes And Meals

Exports from India

For the sixth consecutive year, India recorded growth in shipments abroad of prepared dishes and meals, which increased by 18% to X tons in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, prepared dish and meal exports surged to $X in 2021. Overall, exports posted a buoyant expansion. The growth pace was the most rapid in 2019 when exports increased by 30%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Nepal (X tons) were the main destinations of prepared dish and meal exports from India, with a combined 48% share of total exports. Canada, Australia, the UK, Ghana, Singapore, Romania, Myanmar and Saudi Arabia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +67.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared dish and meal exported from India were the United States ($X), the United Arab Emirates ($X) and Australia ($X), with a combined 41% share of total exports. Canada, Nepal, the UK, Myanmar, Singapore, Ghana, Saudi Arabia and Romania lagged somewhat behind, together comprising a further 24%.

Ghana, with a CAGR of +56.5%, saw the highest rates of growth with regard to 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 prepared dish and meal export price stood at $X per ton in 2021, increasing by 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Romania ($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 Singapore (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into India

In 2021, purchases abroad of prepared dishes and meals increased by 97% to X tons, rising for the sixth year in a row after two years of decline. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports soared to $X in 2021. In general, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.9% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Myanmar (X tons) constituted the largest prepared dish and meal supplier to India, with a 45% share of total imports. Moreover, prepared dish and meal imports from Myanmar exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar stood at +313.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+40.9% per year) and the United Arab Emirates (-0.1% per year).

In value terms, the United States ($X), Myanmar ($X) and Ireland ($X) appeared to be the largest prepared dish and meal suppliers to India, together accounting for 52% of total imports.

In terms of the main suppliers, Myanmar, with a CAGR of +237.4%, saw 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 prepared dish and meal import price stood at $X per ton in 2021, dropping by -34% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 Ireland ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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