India: Market for Glycosides And Vegetable Alkaloids 2025

Market Size for Glycosides And Vegetable Alkaloids in India

In 2021, after two years of growth, there was significant decline in the Indian glycosides and vegetable alkaloids market, when its value decreased by -17.6% to $X. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then shrank rapidly in the following year.

Production of Glycosides And Vegetable Alkaloids in India

In value terms, glycosides and vegetable alkaloids production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports from India

In 2021, overseas shipments of glycosides and vegetable alkaloids increased by 13% to X tons, rising for the sixth year in a row after two years of decline. In general, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, glycosides and vegetable alkaloids exports reached $X in 2021. The total export value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Belgium (X tons) and Bangladesh (X tons) were the main destinations of glycosides and vegetable alkaloids exports from India, with a combined 40% share of total exports. Russia, Egypt, France, Italy, Switzerland, Brazil, the Netherlands, Ireland, South Africa and Indonesia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +138.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from India, comprising 21% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 8.3% share of total exports. It was followed by Belgium, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+25.6% per year) and Belgium (+88.8% per year).

Export Prices by Country

The average glycosides and vegetable alkaloids export price stood at $X per ton in 2021, leveling off at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($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 Ireland (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into India

In 2021, after five years of growth, there was significant decline in overseas purchases of glycosides and vegetable alkaloids, when their volume decreased by -5.3% to X tons. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, glycosides and vegetable alkaloids imports reached $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest glycosides and vegetable alkaloids supplier to India, with a 47% share of total imports. Moreover, glycosides and vegetable alkaloids imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and Vietnam (+39.3% per year).

In value terms, the largest glycosides and vegetable alkaloids suppliers to India were Spain ($X), France ($X) and China ($X), with a combined 54% share of total imports. These countries were followed by Malaysia, Germany, Vietnam and Italy, which together accounted for a further 22%.

Vietnam, with a CAGR of +35.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, increasing by 6.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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