India: Potato Chips Market 2024

Potato Chips Market Size in India

The Indian potato chips market contracted to $X in 2022, stabilizing at the previous year. In general, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Potato Chips Production in India

In value terms, potato chips production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Potato Chips Exports

Exports from India

In 2022, shipments abroad of potato chips increased by 5% to X tons, rising for the fourth year in a row after two years of decline. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by 159% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, potato chips exports rose sharply to $X in 2022. Over the period under review, exports saw a measured increase. The growth pace was the most rapid in 2013 when exports increased by 94%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Canada (X tons) were the main destinations of potato chips exports from India, with a combined 56% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +127.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato chips exported from India were the United Arab Emirates ($X), the United States ($X) and Thailand ($X), with a combined 53% share of total exports. Bhutan, Canada, the UK, Australia, Qatar, Malaysia, Singapore, Kuwait and Nepal lagged somewhat behind, together comprising a further 36%.

Canada, with a CAGR of +164.6%, saw the highest growth rate of 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 potato chips export price stood at $X per ton in 2022, increasing by 2.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Thailand ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into India

In 2022, overseas purchases of potato chips decreased by -31.6% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 313% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, potato chips imports declined markedly to $X in 2022. Overall, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 533% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and Italy (X tons) were the main suppliers of potato chips imports to India, together comprising 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +94.6%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of potato chips to India, comprising 65% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 18% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+0.8% per year) and Italy (+8.3% per year).

Import Prices by Country

The average potato chips import price stood at $X per ton in 2022, picking up by 4.2% against the previous year. Overall, the import price saw a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 293%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 the Netherlands ($X per ton), while the price for Bangladesh ($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 Netherlands (+45.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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