India: Vegetable Product Market 2025

Vegetable Product Market Size in India

The Indian vegetable product market contracted slightly to $X in 2022, dropping by -2.6% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Vegetable product consumption peaked at $X in 2021, and then contracted modestly in the following year.

Vegetable Product Production in India

In value terms, vegetable product production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 151% against the previous year. Vegetable product production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of vegetable products in India reached X tons per ha in 2022, remaining relatively unchanged against 2021 figures. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by 16% against the previous year. The vegetable product yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetable products production in India dropped to X ha, with a decrease of -5.4% on 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by 12%. As a result, the harvested area reached the peak level of X ha, and then fell in the following year.

Vegetable Product Exports

Exports from India

In 2022, vegetable product exports from India soared to X tons, rising by 32% against the previous year's figure. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 111% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, vegetable product exports expanded slightly to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 154% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), Belgium (X tons) and Russia (X tons) were the main destinations of vegetable product exports from India, together comprising 61% of total exports. Nepal, Ireland, Slovenia, Germany, Portugal, the United Arab Emirates, France and Latvia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +627.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for vegetable products exports from India, comprising 47% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by Belgium, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.6% per year) and Belgium (+60.6% per year).

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, with a decrease of -21.4% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 70%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 Nepal (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Product Imports

Imports into India

After two years of decline, purchases abroad of vegetable products increased by 9.6% to X tons in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 269% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, vegetable product imports surged to $X in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 245%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and the UK (X tons) were the main suppliers of vegetable product imports to India, together accounting for 69% of total imports. South Africa, Vietnam and Nepal lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and South Africa ($X) constituted the largest vegetable product suppliers to India, together comprising 79% of total imports.

Among the main suppliers, South Africa, with a CAGR of +50.9%, saw the highest rates of growth with regard to the value of imports, 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 vegetable product import price amounted to $X per ton, growing by 63% against the previous year. In general, the import price posted a resilient increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 217% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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