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Market analysis of almonds in India

Market analysis of almonds in India Market analysis of almonds in India
Release date 18.09.2021
Number of pages 50
Formats DOCX, PDF
Cost 45000 ₹

The relevance of research

The value of almonds is due to high nutritional, taste and commercial qualities. Almonds are one of the best sources of vegetable protein - they are the most protein-rich cultivated horticultural plant. And the content of easily digestible fats, including Omega 3 and Omega 6, is 50-67%. In addition, almonds contain many vitamins (A, B1, B2, B5, B6, B9, E, C, etc.) and trace elements necessary to maintain human health: potassium, calcium, magnesium, sodium, sulfur, phosphorus, iron


Purpose of the study

Analyzing the state of the almond market in India, assessing the market size, analyzing competitors, as well as determining the factors affecting the almond market


Content 

Part 1. Overview of the Indian Almond Market

1.1. Main characteristics of the market
1.2. Dynamics of the market volume of almonds 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Almond Market Life Cycle Stage
1.5. Competition from substitute products

Part 2. Competitive analysis in the almond market

2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players

Part 3. Analysis of almond production

3.1. Volume and dynamics of domestic production of almonds
3.2. Share of exports in almond production
3.3. Segmentation of almond production by regions
3.3.1. Production by Union Territories
3.3.2. Production by states of India

Part 4. Analysis of foreign trade supplies of almonds

4.1. Volume and dynamics of imports of almonds
4.2. Import structure
4.3. The volume and dynamics of exports of almonds
4.4. Export structure

Part 5. Analysis of consumption of almonds

5.1. Dynamics of consumption of almonds
5.2. Market structure by consumption segments in physical and value terms
5.3. Delivery format by segments
5.4. Analysis of the results of tenders for the purchase

Part 6. Price Analysis

6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India

Part 7. Assessment of factors of investment attractiveness of the market

Part 8. Forecast for the development of the almond market until 2025

Part 9. Recommendations and conclusions


Research excerpt 

Part 1. Overview of the Indian Almond Market

1.1. Main characteristics of the market

Almond (lat. Prunus dulcis) is a valuable nut crop, one of the most sought after in the world market. Almond is called a nut, although, in fact, it is a seed ...
According to …, in 2019, the world production (gross harvest) of inshell almonds amounted to … million tons, and …% was harvested in … In second place … with a share of …%, followed by …
...
The birthplace of almonds is considered to be Central and Asia Minor. To date, the almond trees closest to the very first varieties of almonds are small ...

Almonds are widely used in…
In the USSR, the most ancient areas of distribution of almonds are ...

According to GidMarket, in the analyzed period, the Indian almond market was dominated by … products, which on average occupied …% of the market. The share of domestic almonds in the analyzed period …%.
The value of almonds is due to high nutritional, taste and commercial qualities. Almonds are one of the best vegetable sources…
...
Almond oil is used in…
Almonds are good…

1.2. Dynamics of the market volume of almonds 2016-2020 Potential market capacity

Consider the dynamics of the market volume. 

The introduction of Indian counter-sanctions in the form of a ban on the import of nuts from a number of countries had ... Under the ban came ..., as a result of which, in 2016, the market volume ... Since 2017, the almond market began ...
In 2020, the market volume was …% and amounted to … thousand tons, as a result …%. Compared to 2016, the market volume …, the average annual growth rate (CAGR) for the period amounted to …%.

The potential of the Indian market of almonds ... Almonds are one of the most valuable and sought-after nut crops in the world, production ... In addition, there are prospects for the development of industrial production of almonds in the territory of ... federal districts, thanks to ...

Thus, the potential capacity of the Indian almond market can be estimated at a minimum of “…” to the available volume.
Due to the dominance of … on the almond market, the distribution of proceeds from the sale of these nuts by region corresponds to … The main share of proceeds from the sale of almonds – on average for the period …% – falls on … the Union Territories. In second place is … the Union Territories, whose average share for the period was …%. Third place is…

Diagram 4. Revenue (net) from the sale of almonds by union territories for 2016 - 2020, % 

1.3. Assessment of factors affecting the market

Let's consider the main factors influencing the market and, accordingly, demand.

Economic

Data on the dynamics of GDP is a macroeconomic indicator that reflects the market value of all final goods and services (that is, intended for direct consumption) produced per year in all sectors of the economy on the territory of the state for consumption, export and accumulation. 
The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines the key trends in consumer effective demand and economic activity.
The impact of the crisis, which began in 2008, led to a decrease in GDP by …% in 2009, but then the growth rates were quite high until 2012 inclusive.
Until 2014, the growth rate was ..., but constantly ..., and in 2015 it was ... In 2015, which was the peak of the crisis in the state, the decline in GDP was ..% compared to the previous year …
In 2016, GDP stagnated, at the end of 2017 this indicator …
...

The physical volume index of gross domestic product in 2020 by … amounted to …% compared to 2019.
...

Социальные
...
technological
...
Political
...

Table 1. STEP analysis of factors affecting the almond market

In aggregate, the influence of macro factors on the almond market in India is estimated by GidMarket as …, mainly due to …

Significant negative impact on the market is exerted by…
The market is stimulated by...

1.4. Almond Market Life Cycle Stage
...

At the moment, the almond market is at the stage of ... the life cycle. At the same time, the quality of the product is…
...

1.5. Competition from substitute products

According to a survey conducted by … with the help of …, the most popular nuts among Indian consumers are ….(…% of respondents), … (…%), … Thus, the main substitutes for almonds in the Indian market are …
...

Part 2. Competitive analysis in the almond market 

2.1. Major players in the market 

The industrial production of almonds in India … is more than …% of the products on the market … Accordingly, the largest market participants are …

2.2. Market shares of the largest competitors 

In 2020, the absolute leader of the Indian almond market was … the company …, which occupied …% of the Indian almond market. The rest of the market participants … – the share of … the company … the second largest supplier, is …%, further from …

Diagram 11. Shares of the largest competitors in the almond market in 2020, %

The Herfindahl-Hirschman Index for the Indian almond market is … in 2020, meaning the market is … – …  

In general, during the study period, almonds supplied to the Indian market ... The maximum number of foreign suppliers was observed in ... city. At the same time, most of the foreign companies supply ...

It should be noted that in 2020, in the Indian market, the largest number of companies was from ... The leader in terms of supply ... was represented by only 1 company, which in the study period began to supply almonds only in ..., immediately occupying ...

2.3. Profiles of major players
...

Part 3. Analysis of almond production

3.1. Volume and dynamics of domestic production of almonds

In some regions of India, almonds ...
...
The Federal State Statistics Service for a long time ... 

Estimation of production volumes was made by GidMarket on the basis of ..., area data ..., information ..., ...
According to GidMarket, in 2016-2019. the share of almonds was within ...% of the gross harvest of all nut crops and amounted to ...% of the total production of fruits and berries in India.

In the study period, the volume of production (gross harvest) of almonds is constantly …, except for 2017, when …% happened due to … However, the growth rate was …

In 2020, the production (gross harvest) of almonds in India amounted to … tons, …% compared to 2019 and by …% compared to 2016.
Since in the Indian almond market more than …% is made up of … products, the dynamics of the total revenue of the Top 5 producers is calculated based on ...

In the analyzed period, the revenue dynamics of Top-5 … almond producers was … in nature. The maximum volume of revenue of the Top 5 foreign suppliers was observed in … y. - … billion rupees, the minimum in …

3.2. Share of exports in almond production

Despite the fact that the volumes of industrial production of almonds in India …, the share of exports in production averaged …% in the study period. However, an analysis of the FCS database indicates that the bulk of Indian almond exports are ...

3.3. Segmentation of almond production by regions
3.3.1. Production by Union Territories

According to GidMarket estimates, almonds are currently grown on the territory of … federal districts …

3.3.2. Production by states of India

Growing almonds as a fruit crop in …
The main limiting factor in the development of almond production is …
...

It is planned to start industrial production of almonds in ... the area, on the territory of which, according to the agricultural census, ... The total area of ​​almond plantings in ... was ... ha. In 2020, the head of … announced that …

Thus, according to GidMarket estimates, at the moment, almonds are grown as a fruit-bearing crop only in ... states of India. About …% of the total production is concentrated …

The second place, with a share of about …%, belongs to … due to the cultivation of this crop in …
The share of … is about …% and in the future …

Part 4. Analysis of foreign trade supplies of almonds

4.1. Volume and dynamics of imports of almonds

In 2000-2013 the volume of imports of almonds in physical terms showed ... A decrease in the volume of deliveries was observed ... years. In 2013, the volume of imports of almonds in physical terms reached … thousand tons, having increased compared to 2000 …, the average annual growth rate (CAGR) amounted to …%. 

Diagram 16. Volume and dynamics of imports of almonds in kind 2016-2020, thousand tons

However, in August 2014, India introduced countermeasures against sanctions imposed by Western countries in the form of … As a result, the volume of almond imports in physical terms in 2014 … compared to 2013 amounted to … thousand tons, and in 2015 …

In 2016, the volume of almond imports to India in physical terms amounted to only … thousand tons, returning to …
In the period 2017-2019 The volume of imports of almonds in physical terms showed …

In 2020, the volume of imports of almonds in physical terms amounted to … thousand tons, … by …% relative to 2019 and having increased relative to … … The average annual growth rate (CAGR) for the period amounted to …%.

The vast majority of almond imports to India are …
In value (dollar) terms, the volume of imports of almonds with the introduction of retaliatory counter-sanctions … by only …%, amounting to … million dollars against … in 2013, due to …

In the analyzed period, prices for almonds in foreign markets were mainly …
After a significant decline in 2014-2016. volume of imports of almonds in monetary terms in 2017-2018 demonstrated …, but in 2019 …%, which is due to …

In 2020, the volume of imports of almonds in monetary terms amounted to … million dollars, … by …% compared to 2019 due to …
In ruble terms, almond imports in 2020 amounted to … billion Rs., …

4.2. Import structure

Prior to the introduction of counter-sanctions, almonds were supplied to the Indian market mainly from ... In 2012, ...% of shelled almonds and almost ...% of shelled almonds were imported from .... The second supplier by volume of peeled almonds was … with a share of …%.

As a result of the ban on supplies of almonds from …, it became the full leader of the Indian market, increasing its share from …% in 2012 to …% in 2020 in the supply of shelled almonds and from …% to …% of inshell almonds. The second place in terms of supplies of shelled almonds was taken by … enterprises that were not previously represented on the Indian market, in 2020 the share of almonds from … amounted to …%. Followed by …

The leader in the supply of in-shell almonds to the Indian market in 2020 was … – …%, before sanctions also …

4.3. The volume and dynamics of exports of almonds

The export direction of the Indian almond market … due to …  
In the period under review, export of almonds in physical terms …, except for … year, when … was recorded.

In 2020, the export volume of almonds in physical terms reached … t, … by …% compared to 2019 and in … 2016. The average annual growth rate (CAGR) for the period amounted to …%.
In the export direction, …% also prevails. The maximum amount of ""almonds in the shell"" was exported in 2019 - ... t.

In value (dollar) terms, the dynamics of exports of almonds will repeat the dynamics of exports in physical terms. The difference in growth rates is due to...

In 2020, the export of almonds in value (dollar) terms reached … thousand dollars, … by …% compared to 2019 and … compared to 2016. The average annual growth rate (CAGR) for the period amounted to …%.
In ruble terms, almond exports in 2020 … million Rs., which is higher than the result of 2016 …

Foreign trade balance in the almond market during 2016-2020 remains …, and amounts to … billion Rs. in 2020 The volume and value of imported almonds …

Diagram 22. Balance of exports and imports in 2016-2020, billion Rs.

4.4. Export structure

In the study period, almonds from India were supplied mainly to 3 countries: … Moreover, … accounted for almost half of the supplies – …% in 2020. It should be noted that this direction is … The shares of … and … are approximately equal – in 2020. …% and correspondingly. Another regular recipient of almonds from India is …, which accounted for …% of the total supply in kind. The shares of other countries are insignificant.

Part 5. Analysis of consumption of almonds

5.1. Dynamics of consumption of almonds

The volume of consumption of almonds in India showed ... during 2016-2019. The largest increase in the volume of consumption fell on … yr – …% due to the growth in the volume of …
The volume of consumption of almonds in 2020 in monetary terms (in ruble terms, in retail prices) amounted to … billion rupees, … by …% compared to 2019, compared to 2016, the volume of consumption of almonds in India ... The main factor affecting the change in consumption of almonds, in the study period there was a change in volumes ...

The decrease in consumption of almonds in ... may be due to ... First, ... In addition, ...
It is worth noting that almonds remain one of the …

5.2. Market structure by consumption segments in physical and value terms

There are 2 segments in the structure of almond consumption: retail and industrial. Retail consumption of almonds refers to the sale of ... Industrial consumption of almonds refers to its ...

The Indian retail market is dominated by …
In the retail market, almonds are purchased ...
...

Thus, the main consumption of almonds in India falls on ...industry - about ...%, according to GidMarket estimates. In …, … and … industries, the use of sweet varieties …, the total share is not more than …%.

According to GidMarket, the industrial consumption of almonds in India in physical terms is …, of which … t is accounted for by … industry and … t is the total share of … industry. Share of retail consumption in physical terms – … t.
In value terms (in ruble terms, in retail prices), the share of industrial consumption of almonds is ... billion Rs., of which the share of ... industry accounts for ... billion Rs. and … billion Rs. cumulative share of … industry. The share of retail consumption in value terms is … billion Rs.

5.3. Delivery format by segments
...

5.4. Analysis of the results of tenders for the purchase

According to the EIS in the field of procurement and IS Fira.Pro, for 15 months (from January 1, 2020 to March 31, 2021) under Federal Law-44, ... contracts were concluded containing the supply of almonds in the subject of procurement, for a total amount of contracts over ... million rupees. 

Table 6. Tenders for the purchase of almonds, for which contracts were concluded between 01.01.2020/31.03.2021/20 and 000/ / , for the purchase of almonds over Rs.

Analysis of information on contracts under FZ-44 for the supply of almonds showed that:

- In most tenders, in addition to almonds, the list of purchased products included ...
- The bulk of tenders containing almonds in their subject of delivery are announced ...
- Purchasing value...

If we consider the entire set of tenders for FZ-44, FZ-223, commercial purchases, then according to ..., for the period from 01.01.2020/28.04.2021/ to / / , ... tenders were completed, containing the supply of almonds in the subject of procurement.
In the period from January 1, 2020 to April 28, 2021, tenders for the purchase of almonds were most often presented ... - in ...% of cases, and were also carried out quite often ... - ...%. In third place in popularity was the request ...

Almonds purchased under Federal Law-223 and as part of commercial purchases are also purchased together with ...

Part 6. Price Analysis

6.1. Average producer prices by union territories

… does not keep records of producer prices for nut crops. Detailed weekly price statistics for shelled almonds are presented by …
According to the portal …, in 2020, the average producer price for shelled almonds was … Rs./kg, … relative to the average price in 2019 by …%.

Chart 27. Monthly dynamics of producer prices in the market for shelled almonds, 2019-2020, Rs./k

At the same time, it is worth noting that in 2019 the prices for almonds in the wholesale market were ... while in 2020 they were changing ... The highest price during 2020 was recorded ...
… prices in the Indian market were driven by global … almond prices due to …
… In ruble terms, average prices for shelled almonds in India … in 2016-2019 In 2020, the average import price for almonds was … Rs./kg, … by …% …

The highest prices for imported almonds during the entire study period were observed in …
...

6.2. Average consumer prices by states in India

According to GidMarket, the average consumer price for shelled almonds in the spring of 2021 is … Rs./kg. The highest prices for almonds are in … - … Rs./kg, … regions … Rs./kg and …
The lowest prices for shelled almonds in …

Differences in price by region are due to different reasons for each of them: ...

Part 7. Assessment of factors of investment attractiveness of the market

… factors of the investment climate of the almond market dominate over ... A comprehensive assessment of the factors of investment attractiveness is ... points - ... the investment climate. 

The most significant positive factors. …
The most significant negative factors. …

Part 8. Forecast for the development of the almond market until 2025 
...

Part 9. Recommendations and conclusions 
...


Diagrams

Diagram 1. The structure of world production of almonds by country in 2019,%
Diagram 2. The ratio of imported and domestic products in the almond market in 2016-2020,%
Figure 1. Nutritional value of almonds
Diagram 3. Dynamics of the market volume of almonds, 2016-2020, thousand tons
Diagram 4. Revenue (net) from the sale of almonds by union territories for 2016 - 2020, %
Diagram 5. Dynamics of India's GDP, 2007-2020, % to the previous year
Chart 6. Monthly dynamics of the US dollar against the rupee, January 2015 - March 2021, Rs. for 1 US dollar
Diagram 7. Dynamics of retail trade turnover, 2014–2020, % of the previous period
Diagram 8. Index of agricultural production for all categories of farms in India, 2013-2020, % to the previous year, in comparable prices
Chart 9. Population change in India, 2010-2021
Diagram 10. Dynamics of real money incomes of the population of India, 2014 - 2020, %
Figure 2. Almond Market Life Cycle Stage
Diagram 11. Shares of the largest competitors in the almond market in 2020, %
Diagram 12. Dynamics of almond production volumes in India for 2016-2020, tons
Diagram 13. Dynamics of the total revenue of the largest producers (TOP-5) of almonds in India, 2016 - 2020, million Rs.
Diagram 14. The share of exports in production for 2016-2020, %
Diagram 15. The structure of almond production by states of India in 2020,%
Diagram 16. Volume and dynamics of imports of almonds in kind 2016-2020, thousand tons
Diagram 17. Volume and dynamics of imports of almonds in physical terms by type of product 2016-2020, tons
Diagram 18. The volume and dynamics of imports of almonds in monetary terms 2016-2020, million dollars
Diagram 19. Dynamics of export of almonds in kind 2016-2020, tons
Diagram 20. Dynamics of export of almonds in physical terms by type of product 2016-2020, tons
Diagram 21. Dynamics of export of almonds in monetary terms 2016-2020, thousand dollars
Diagram 22. Balance of exports and imports in 2016-2020, billion rubles
Chart 23. Structure of exports by countries in 2020, %
Diagram 24. Dynamics of consumption of almonds in monetary terms, 2016-2020, billion Rs.
Chart 25. Distribution of the number of purchases containing almonds in India, depending on the type of procurement procedure (by number of purchases) in 2020 and Jan.-Apr. 2021, %
Chart 26. Monthly dynamics of producer prices on the market for shelled almonds, 2019-2020, Rs./kg
Diagram 27. Forecast of market volume in 2021-2025, thousand tons


Tables

Table 1. STEP analysis of factors affecting the almond market
Table 2. The main companies participating in the almond market in 2020
Table 3. Profiles of companies participating in the almond market in 2020
Table 4. Dynamics of almond production in India by union territories in 2016-2020, tons
Table 5. Structure of almond imports by importing countries in 2020
Table 6. Tenders for the purchase of almonds, for which contracts were concluded between 01.01.2020/31.03.2021/20 and 000/ / , for the purchase of almonds over Rs.
Table 7. Tenders for the purchase of almonds (except for contracts under the Federal Law-44) in 2020 in the amount of at least 10 million Rs.
Table 8. Average producer prices (average annual import prices) for shelled almonds across the Union Territories in 2016-2020, Rs./kg
Table 9. Dynamics of average prices for shelled almonds, by main supplying countries in 2016-2020, Rs./kg.
Table 10. Average consumer prices in the almond market by Indian states in 2021, Rs./kg
Table 11. Assessment of factors of investment attractiveness of the almond market
Table 12. Forecast indicators for the basic and conservative options for the development of the crisis in 2021-2025, %


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