Price for Protein; Concentrates and Textured Protein Substances in India - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in India (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in India (CIF) - 2024
- Exports of Protein; Concentrates and Textured Protein Substances in India
- Imports of Protein; Concentrates and Textured Protein Substances in India
Price for Protein; Concentrates and Textured Protein Substances in India (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $1,180 per ton in March 2024, approximately mirroring the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 27% m-o-m. The export price peaked at $1,584 per ton in January 2024; however, from February 2024 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,953 per ton), while the average price for exports to Indonesia ($883 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in India (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $18,719 per ton in March 2024, picking up by 39% against the previous month. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in May 2023 an increase of 140% against the previous month. Over the period under review, average import prices attained the maximum in March 2024.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Canada ($29,335 per ton), while the price for Malaysia ($2,119 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in India
In 2022, approx. 30K tons of protein; concentrates and textured protein substanceses were exported from India; increasing by 12% compared with 2021. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 32K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of protein; concentrates and textured protein substanceses amounted to $42M in 2022. The total export value increased at an average annual rate of +14.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.5 | 5.7 | 3.6 | 7.2 | 27.2% |
| United Arab Emirates | 3.6 | 6.4 | 4.6 | 5.3 | 13.8% |
| Philippines | 3.0 | 3.1 | 3.1 | 3.9 | 9.1% |
| South Korea | 2.5 | 3.0 | 3.4 | 3.9 | 16.0% |
| Turkey | 1.6 | 1.8 | 2.9 | 1.9 | 5.9% |
| Vietnam | 2.4 | 1.0 | 1.9 | 1.4 | -16.4% |
| Taiwan (Chinese) | 0.9 | 1.0 | 1.1 | 1.3 | 13.0% |
| Malaysia | 0.7 | 1.0 | 1.3 | 1.3 | 22.9% |
| Indonesia | 0.4 | 0.5 | 1.1 | 1.2 | 44.2% |
| Australia | 0.6 | 0.8 | 0.7 | 1.0 | 18.6% |
| United Kingdom | 0.6 | 1.0 | 0.8 | 1.0 | 18.6% |
| Qatar | 0.6 | 0.6 | 0.4 | 0.8 | 10.1% |
| Jordan | 0.3 | 0.3 | 0.1 | 0.7 | 32.6% |
| Others | 7.7 | 11.4 | 11.7 | 11.4 | 14.0% |
| Total | 28.5 | 37.8 | 36.8 | 42.2 | 14.0% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from India in 2022:
- Saudi Arabia (6.2K tons)
- United Arab Emirates (3.5K tons)
- South Korea (3.2K tons)
- Philippines (3.1K tons)
- Turkey (1.6K tons)
- Vietnam (1.2K tons)
- Taiwan (Chinese) (1.1K tons)
- Indonesia (1.1K tons)
- Malaysia (1.1K tons)
- Qatar (0.7K tons)
- Australia (0.6K tons)
- United Kingdom (0.6K tons)
- Jordan (0.6K tons)
Imports of Protein; Concentrates and Textured Protein Substances in India
In 2022, imports of protein; concentrates and textured protein substanceses into India reduced remarkably to 2.8K tons, dropping by -38.9% against the year before. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year.
In value terms, imports of protein; concentrates and textured protein substanceses reduced notably to $30M in 2022. In general, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year.
| Import of Protein; Concentrates and Textured Protein Substances in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.5 | 13.4 | 25.7 | 17.5 | -31.1% |
| United Kingdom | 3.8 | 6.6 | 11.2 | 6.0 | 16.4% |
| Croatia | 0.1 | N/A | N/A | 1.5 | 146.6% |
| Hungary | 0.6 | 1.0 | 2.6 | 1.0 | 18.6% |
| Poland | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| United Arab Emirates | 1.0 | 0.8 | 0.7 | 0.6 | -15.7% |
| Canada | 1.0 | 0.2 | 0.6 | 0.5 | -20.6% |
| Netherlands | 0.9 | 1.1 | 1.3 | 0.1 | -51.9% |
| Italy | N/A | 0.6 | 0.9 | N/A | 50.0% |
| Others | 2.8 | 2.0 | 2.9 | 2.1 | -9.1% |
| Total | 64.1 | 26.1 | 46.4 | 30.2 | -22.2% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to India in 2022:
- United States (1639.2 tons)
- United Kingdom (435.6 tons)
- Croatia (159.6 tons)
- Poland (123.7 tons)
- United Arab Emirates (90.1 tons)
- Hungary (87.3 tons)
- Canada (48.8 tons)
- Netherlands (19.2 tons)
- Italy (0.1 tons)
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