Snail Market in India
In value terms, snail production rose markedly to $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Over the period under review, production hit record highs in and is expected to retain growth in the immediate term.
The revenue of the snail market in India dropped rapidly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a deep contraction. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2019, and then reduced dramatically in the following year.