India: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in India

After two years of growth, the Indian market for peel of citrus fruit or melons decreased by -7.4% to $X in 2021. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Citrus fruit or melons peel consumption peaked at $X in 2020, and then reduced in the following year.

Production of Peel Of Citrus Fruit Or Melons in India

In value terms, citrus fruit or melons peel production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 26%. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from India

In 2021, shipments abroad of peel of citrus fruit or melons decreased by -70.4% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 112%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, citrus fruit or melons peel exports declined remarkably to $X in 2021. Overall, exports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2015 when exports increased by 88% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for citrus fruit or melons peel exports from India, with a 48% share of total exports. Moreover, citrus fruit or melons peel exports to Germany exceeded the volume sent to the second major destination, Canada (X tons), fivefold. The third position in this ranking was held by Saudi Arabia (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+11.3% per year) and Saudi Arabia (+3.3% per year).

In value terms, Germany ($X) emerged as the key foreign market for peel of citrus fruit or melons exports from India, comprising 40% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports. It was followed by Russia, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+23.3% per year) and Russia (-9.5% per year).

Export Prices by Country

The average export price for peel of citrus fruit or melons stood at $X per ton in 2021, picking up by 44% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel export price increased by +137.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 64%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 Russia (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into India

After two years of decline, overseas purchases of peel of citrus fruit or melons increased by 333% to X tons in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 505% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports skyrocketed to $X in 2021. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 303% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of citrus fruit or melons peel to India, accounting for a 83% share of total imports. Moreover, citrus fruit or melons peel imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. The UK (X kg) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +230.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.1% per year) and the UK (-1.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of peel of citrus fruit or melons to India, comprising 46% of total imports. The second position in the ranking was taken by the UK ($X), with a 22% share of total imports. It was followed by Croatia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +133.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.2% per year) and Croatia (-23.6% per year).

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, dropping by -64.8% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 145%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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