India: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in India

The Indian grape juice (single strength) market soared to $X in 2021, increasing by 202% against the previous year. Overall, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Grape Juice (Single Strength) in India

In value terms, grape juice (single strength) production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Grape Juice (Single Strength)

Exports from India

In 2021, overseas shipments of grape juice (single strength) increased by 4.5% to X kg, rising for the second consecutive year after five years of decline. In general, exports, however, recorded a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 678% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grape juice (single strength) exports fell modestly to $X in 2021. Overall, exports, however, recorded a sharp reduction. The pace of growth appeared the most rapid in 2014 with an increase of 1,030%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X kg) was the main destination for grape juice (single strength) exports from India, accounting for a 88% share of total exports. Moreover, grape juice (single strength) exports to Kuwait exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. The third position in this ranking was held by Egypt (X kg), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Egypt (0.0% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for grape juice (single strength) exports from India, comprising 89% of total exports. The second position in the ranking was held by the UK ($X), with a 4.1% share of total exports. It was followed by Egypt, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Egypt (0.0% per year).

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, which is down by -8.2% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($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 Netherlands (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grape Juice (Single Strength)

Imports into India

For the third year in a row, India recorded growth in purchases abroad of grape juice (single strength), which increased by 299% to X tons in 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 743% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, grape juice (single strength) imports skyrocketed to $X in 2021. In general, imports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 492%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of grape juice (single strength) to India, accounting for a 31% share of total imports. Moreover, grape juice (single strength) imports from Spain exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 7.5% share.

From 2014 to 2021, the average annual rate of growth in terms of volume from Spain totaled +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+48.7% per year) and Italy (+23.3% per year).

In value terms, Spain ($X) constituted the largest supplier of grape juice (single strength) to India, comprising 32% of total imports. The second position in the ranking was held by Italy ($X), with an 8.3% share of total imports. It was followed by Malaysia, with a 7.1% share.

From 2014 to 2021, the average annual growth rate of value from Spain amounted to +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+35.2% per year) and Malaysia (+56.0% per year).

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, increasing by 5.4% against the previous year. Over the period under review, import price indicated modest growth from 2014 to 2021: its price increased at an average annual rate of +1.4% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape juice (single strength) import price decreased by -25.9% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 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, amid the top importers, the country with the highest price was Nepal ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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