Updated Nov 6, 2022 23:22

Market for Citrus Fruit Or Melons Peel in India

Market Overview
In , the Indian market for peel of citrus fruit or melons decreased by -% to $ for the first time since 2008, thus ending a twelve-year rising trend. Overall, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.

In value terms, citrus fruit or melons peel production fell slightly to $ in estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by %. Over the period under review, production hit record highs at $ in , and then dropped in the following year.


Consumption
In , approx. tons of peel of citrus fruit or melons were consumed in India; with an increase of % compared with the year before. Over the period under review, the total consumption indicated measured growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2008 indices. Citrus fruit or melons peel consumption peaked in and is expected to retain growth in years to come.

The value of the market for peel of citrus fruit or melons in India stood at $ in , with an increase of % 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). Overall, consumption recorded a resilient increase. Over the period under review, the market reached the maximum level in and is likely to continue growth in years to come.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in India, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of citrus fruit or melons peel in India were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for citrus fruit or melons peel. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (less than percentage point) over the period under review.


Trade Balance
India remains a net exporter of citrus fruit or melons peel; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.