India: Plum And Sloe Market 2024

Plum And Sloe Market Size in India

The Indian plum and sloe market shrank modestly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Plum And Sloe Production in India

In value terms, plum and sloe production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 139%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of plums and sloes in India reached X tons per ha in 2022, stabilizing at 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 1.9%. Over the period under review, the average plum and sloe yield reached the maximum level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of plums and sloes were harvested in India; standing approx. at the previous year's figure. The harvested area increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 2.7% against the previous year. The plum and sloe harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Plum And Sloe Exports

Exports from India

In 2022, overseas shipments of plums and sloes decreased by -24.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by 159%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plum and sloe exports reduced rapidly to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 355%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for plum and sloe exports from India, with a 97% share of total exports. It was followed by Bangladesh (X tons), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Nepal totaled +29.0%.

In value terms, Nepal ($X) remains the key foreign market for plums and sloes exports from India, comprising 89% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nepal stood at +30.5%.

Export Prices by Country

The average plum and sloe export price stood at $X per ton in 2022, rising by 6% against the previous year. Overall, the export price saw temperate growth. The most prominent rate of growth was recorded in 2016 an increase of 136% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Nepal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+6.7%).

Plum And Sloe Imports

Imports into India

In 2022, the amount of plums and sloes imported into India surged to X tons, picking up by 37% compared with 2021 figures. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plum and sloe imports skyrocketed to $X in 2022. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 62% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Iran (X tons) and South Africa (X tons) were the main suppliers of plum and sloe imports to India, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +144.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plum and sloe suppliers to India were China ($X), South Africa ($X) and Spain ($X), together accounting for 65% of total imports. These countries were followed by Iran, Italy, Afghanistan and Chile, which together accounted for a further 24%.

Iran, with a CAGR of +124.1%, recorded the highest growth rate of 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 2022, the average plum and sloe import price amounted to $X per ton, growing by 15% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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