India: Chili And Pepper Market 2024

Chili And Pepper Market Size in India

The Indian chili and pepper market dropped to $X in 2023, waning by X% against the previous year. Over the period under review, consumption showed a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Chili And Pepper Production in India

In value terms, chili and pepper production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Chili and pepper production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of chilies and peppers (green) in India soared to X tons per ha, with an increase of X% against 2022 figures. In general, the yield indicated a perceptible increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2023, the growth of the average chili and pepper yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chili and pepper harvested area in India reduced modestly to X ha in 2023, remaining relatively unchanged against 2022. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The chili and pepper harvested area peaked at X ha in 2019; however, from 2020 to 2023, the harvested area stood at a somewhat lower figure.

Chili And Pepper Exports

Exports from India

In 2023, overseas shipments of chilies and peppers (green) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, chili and pepper exports surged to $X in 2023. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and Qatar (X tons) were the main destinations of chili and pepper exports from India, with a combined X% share of total exports. Oman, Bhutan, Nepal, Kuwait and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Bhutan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for chilies and peppers (green) exports from India, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Qatar (X% per year).

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2023, falling by X% against the previous year. Overall, export price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into India

In 2023, after two years of growth, there was significant decline in supplies from abroad of chilies and peppers (green), when their volume decreased by X% to X kg. In general, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, chili and pepper imports reduced remarkably to $X in 2023. Overall, imports recorded a sharp downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Brazil (X kg) was the main supplier of chili and pepper to India, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Brazil totaled X%.

In value terms, Brazil ($X) constituted the largest supplier of chilies and peppers (green) to India.

From 2012 to 2023, the average annual growth rate of value from Brazil amounted to X%.

Import Prices by Country

In 2023, the average chili and pepper import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Indonesia amounted to X% per year.

Source: IndexBox Platform