Southern Asia: Candied Fruit Market 2024

Candied Fruit Market Size in Southern Asia

The South Asian candied fruit market expanded remarkably to $X in 2021, picking up by 10% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Candied Fruit Production in Southern Asia

In value terms, candied fruit production totaled $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The country with the largest volume of candied fruit production was India (X tons), comprising approx. 53% of total volume. Moreover, candied fruit production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), twofold. The third position in this ranking was held by Bangladesh (X tons), with an 18% share.

In India, candied fruit production expanded at an average annual rate of +6.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+6.8% per year) and Bangladesh (+3.1% per year).

Candied Fruit Exports

Exports in Southern Asia

Candied fruit exports rose sharply to X tons in 2021, surging by 9.7% compared with the year before. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 45%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, candied fruit exports amounted to $X in 2021. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, resulting at X tons, which was near 92% of total exports in 2021. It was distantly followed by Pakistan (X tons), achieving a 6.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to candied fruit exports from India stood at +8.4%. At the same time, Pakistan (+12.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +12.4% from 2012-2021. While the share of Pakistan (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-1.6 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest candied fruit supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total exports.

In India, candied fruit exports increased at an average annual rate of +5.4% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -8.1% against the previous year. Over the period under review, the export price saw a noticeable reduction. The growth pace was the most rapid in 2014 when the export price increased by 6.3% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.0%).

Candied Fruit Imports

Imports in Southern Asia

In 2021, candied fruit imports in Southern Asia surged to X tons, rising by 54% compared with the year before. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, candied fruit imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 127% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, India (X tons) was the major importer of candied fruits, making up 54% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 27% share, followed by Nepal (10%) and Maldives (5.3%). Afghanistan (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +57.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported candied fruits in Southern Asia, comprising 70% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 17% share of total imports. It was followed by Maldives, with a 6% share.

In India, candied fruit imports expanded at an average annual rate of +15.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+11.6% per year) and Maldives (+0.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with a decrease of -22.3% against the previous year. In general, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 23%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (+7.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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