Market analysis of nuts in India
The relevance of research
Nuts are an integral part of a healthy diet, are very popular among vegetarians, and are in high demand among ordinary consumers due to their high palatability.
Purpose of the study
Analysis of the state of the nut market, assessment of the market volume, analysis of competitors, as well as identification of factors affecting the nut market.
Content
PART 1. OVERVIEW OF THE RUSSIAN NUTS MARKET
1.1. Main characteristics of the market
1.2. Dynamics of the market volume of nuts 2010-2015 Market volume
1.3. Assessment of factors affecting the market
1.4. Nut Market Life Cycle Stage
1.5. Competition from substitute products
PART 2. COMPETITIVE ANALYSIS IN THE MARKET OF NUTS
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 NUTS PRODUCTION
3.1. Volume and dynamics of domestic production of nuts
3.2. Share of exports in production of nuts
3.3. Segmentation of nut production by region
3.3.1. Production by Union Territories
3.3.2. Production by states of India
PART 4. ANALYSIS OF FOREIGN TRADE SUPPLY OF NUTS
4.1. Volume and dynamics of imports of nuts
4.2. Import structure
4.3. Volume and dynamics of exports of nuts
4.4. Export structure
PART 5. ANALYSIS OF NUTS CONSUMPTION
5.1. Dynamics of consumption of nuts
5.2. 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. NUTS MARKET FORECAST 2020
PART 9. RECOMMENDATIONS AND CONCLUSIONS
Research excerpt
Part 1. OVERVIEW OF THE RUSSIAN NUTS MARKET
1.1. Main characteristics of the market
Traditionally, the nut market is considered to be the characteristics of supply and demand for the nut-bearing commodity group, which includes hazelnuts, walnuts, pine nuts, peanuts, almonds, pistachios, cashews, etc.
The formation of the economic value of nuts is fundamentally different from a similar process, for example, in the case of the same exotic fruits. Unlike fruits, for which a significant share of the price is delivery, for most nuts, the production itself is expensive, which includes the very processing that allows you to maintain a marketable appearance. At the same time, it should be borne in mind that in the southern countries, fruits are harvested several times a year and it is quite easy to harvest them.
Another situation with nuts is that the production of most nuts involves drying, shelling and soaking in brine. This is a time-consuming and painstaking stage in the recycling process, and it is precisely this that creates additional value. The disadvantage of mechanical cleaning is the possibility of damaging the kernels, which will significantly reduce the quality of nuts and, accordingly, their price.
Diagram 1. The ratio of imported and domestic products in the Indian nut market, 2011-2016, %
1.2. Dynamics of the market volume of nuts 2011-2016 Market volume
Consider the dynamics of the volume and capacity of the nuts market. At the end of 2015, the volume of the walnut market in monetary terms amounted to … billion Rs., having increased relative to the level of 2014 by …%. In 2016, the growth rate slowed down to …%, and the market reached its maximum value in recent years – … billion Rs.
Diagram 2. Dynamics of the market volume of nuts in 2011-2016, billion Rs.
1.3. Assessment of factors affecting the market
Consider the main factors affecting the market and, accordingly, demand ...
1.4. Nut Market Life Cycle Stage
In terms of the life cycle model, the nut market is in a growth stage. The growing popularity of the trend of a healthy lifestyle and proper nutrition contributes to the active growth of the market.
It should be noted that nuts are a traditional element of nutrition for the domestic consumer, as a result of which the nut market has repeatedly gone through stages of growth, stability, and decline. Currently, the nut market is experiencing another round of its development.
1.5. Competition from substitute products
...
Part 2. COMPETITIVE ANALYSIS IN THE NUTS MARKET
2.1. Major players in the market
The market leaders in nuts in India are domestic companies that have been present on the market, as a rule, for more than 15 years...
2.2. Market shares of the largest competitors
The Indian walnut market is quite fragmented – the total share of the three largest operators in 2015 is …%, the total share of the five largest operators is …%.
Diagram 10. Shares of the largest competitors in the nuts market in 2016
2.3. Profiles of major players
...
Part 3. ANALYSIS OF NUTS PRODUCTION
3.1. Volume and dynamics of domestic production of nuts
At the end of 2015, … thousand tons of walnuts were grown and harvested in India, which made it possible to exceed the figure of 1990. In 2015, the gross harvest of walnuts in India increased by …% compared to 2014. nuts reached its maximum value over the past 2016-20 years and amounted to … thousand tons, having increased by …% compared to 25.
Diagram 11. Dynamics of production volumes (gross harvest) of nuts in India for 1990-2016
3.2. Share of exports in production of nuts
The share of exports in the production of nuts in India in 2015 amounted to …%, compared to 2014, the share of exports increased by …%. At the end of 2016, the share of exports decreased by …. and amounted to …%.
3.3. Segmentation of nut production by region
3.3.1. Production by Union Territories
...
3.3.2. Production by states of India
The shortage of walnuts and the increase in producer selling prices, as well as the implementation of government programs aimed at the development of agriculture, contributed to the intensification of the laying of new walnut plantations in India. Thus, in May 2015, walnut and hazelnut orchards were planted in the Valuysky district of the Belgorod region, although walnuts were not grown in this region before. The area of project gardens was 80 hectares.
Part 4. ANALYSIS OF FOREIGN TRADE SUPPLY OF NUTS
4.1. Volume and dynamics of imports of nuts
According to the results of 2015, the volume of walnut imports to India in physical terms decreased by …% compared to 2014 and amounted to … thousand tons. The negative dynamics of walnut imports to India in physical terms has been observed for the fourth year in a row. For the period 2011-2015. The maximum annual import volume of nuts to India in physical terms took place in 2011 and amounted to … thousand tons. amounted to …%.
Diagram 16. Volume and dynamics of imports of nuts in physical terms, 2011-2016
4.2. Import structure
In the structure of peanut imports in physical terms, …
Diagram 19. Structure of imports of nuts (peanuts) by importing countries in 2014-2016, %
4.3. Volume and dynamics of exports of nuts
The volume of exports of nuts is not commensurate with the volume of imports: the volume of imports of nuts in monetary terms exceeds the volumes of exports by almost … times (according to the results of 2016). Pine nuts are mainly exported from India, and fluctuations in annual exports of pine nuts are largely caused by harvest/failure at the end of the year and the size of export quotas.
Thus, in 2015, the volume of exports of nuts from India in monetary terms amounted to … million US dollars, having decreased by …% compared to the level of 2014. For the period 2011-2015. the largest volume of exports in monetary terms was observed in 2012 and amounted to … million US dollars, the smallest volume – a year earlier, in 2011 and amounted to … million US dollars.
Diagram 21. Dynamics of export of nuts in monetary terms
4.4. Export structure
Analyzing the structure of exports of nuts by country, it is advisable to dwell on the structure of exports of pine nuts. For other types of nuts, India either does not grow enough volumes to carry out full-fledged exports (hazelnuts (hazelnuts), walnuts), or exports are reflected in the form of re-exports (previously imported goods are exported: almonds, cashew nuts, pistachios, etc. ).
Diagram 25. The structure of exports of pine nuts by country in 2014-2016
Part 5. ANALYSIS OF NUTS CONSUMPTION
5.1. Dynamics of consumption of nuts
According to the results of 2015, the volume of consumption of nuts in physical terms amounted to 155,5 thousand tons, having decreased by …% compared to 2014. At the same time, 2014, on the contrary, showed a moderate increase in consumption in physical terms, however, due to an increase in the consumption of the most inexpensive of nuts - peanuts. The volume of consumption of nuts in 2014 amounted to … thousand tons.
Diagram 26. Dynamics of consumption of nuts in physical terms, 2011-2016
For the period 2011-2016 only in 2013 there was a negative trend, then the volume of consumption in monetary terms decreased by …%. In general, for the specified period, the average annual growth rate amounted to …%.
Diagram 27. Dynamics of consumption of nuts in monetary terms 2011-2016
As for the category of consumers who purchase nuts by weight, packaged or as part of snacks, according to the results of a panel study of household consumption conducted on an ongoing basis by GFK, nuts are still the category that is mainly sold in traditional trade channels: only 42% products are sold through a modern trade channel (against 54% for the entire FMCG turnover).
Discounters, grocery markets and hypermarkets remain the largest sales channels for nuts, which together account for almost half of the category's sales.
Diagram 28. Structure of sales of nuts by trade channels, August 2013-July 2015
5.2. Analysis of the results of tenders for the purchase
For the period from 01.09.17 to 01.10.17. was announced ... a tender for the purchase of nuts. The complexity of the valuation lies in the fact that nuts, as a rule, are only one of the tender items, along with vegetables, fruits, mushrooms. The cost of tenders, containing the supply of nuts in the subject of purchase, ranged from … thousand Rs. up to … million Rs. The main customers were state and municipal institutions.
Part 6. PRICE ANALYSIS
6.1. Average Producer Prices by Union Territories
Due to the limited domestic production of nuts in India, the prices for inshell nuts offered by manufacturers or wholesalers are presented in the price analysis.
6.2. Average consumer prices by states in India
...
Part 7. ASSESSMENT OF FACTORS OF INVESTMENT ATTRACTIVENESS OF THE MARKET
...
Part 8. NUTS MARKET FORECAST 2020
...
Part 9. RECOMMENDATIONS AND CONCLUSIONS
...
Diagrams
Diagram 1. The ratio of imported and domestic products in the Indian nut market, 2011-2016, %
Diagram 2. Dynamics of the market volume of nuts in 2011-2016, billion Rs.
Diagram 3. Revenue (net) from the sale of nuts by union territories for 2011-2016, %
Diagram 4. Dynamics of India's GDP, in % to the previous year
Chart 5. The dynamics of the US dollar against the rupee
Diagram 6. Dynamics of real incomes of the population of India
Chart 7. Dynamics of retail trade turnover in India
Chart 8. Dynamics of the population of India
Diagram 9. Dynamics of nut plantation areas and average yield, 1990-2016
Diagram 10. Shares of the largest competitors in the nuts market in 2016
Diagram 11. Dynamics of production volumes (gross harvest) of nuts in India for 1990-2016
Diagram 12. Structure of the gross harvest (production) of nuts by types of farms, 1990-2016, %
Diagram 13. Dynamics of the total revenue of the largest producers (TOP-5) of nuts in India, 2011-2016
Diagram 14. Shares of companies in the total revenue of the largest producers (TOP-5) of nuts in India, 2011-2016
Chart 15. Share of exports in Indian production of nuts for 2011-2016
Diagram 16. Volume and dynamics of imports of nuts in physical terms, 2011-2016
Diagram 17. Structure of imports in physical terms by types of nuts, %
Diagram 18. Volume and dynamics of imports of nuts in monetary terms
Diagram 19. Structure of imports of nuts (peanuts) by importing countries in 2014-2016, %
Diagram 20. Structure of hazelnut imports by importing countries in 2014-2016, %
Diagram 21. Dynamics of export of nuts in monetary terms
Diagram 22. Dynamics of export of nuts in physical terms
Diagram 23. Structure of export of nuts by types of nuts, 2011-2016, %
Diagram 24. Balance of exports and imports
Diagram 25. The structure of exports of pine nuts by country in 2014-2016
Diagram 26. Dynamics of consumption of nuts in physical terms, 2011-2016
Diagram 27. Dynamics of consumption of nuts in monetary terms 2011-2016
Diagram 28. Structure of sales of nuts by trade channels, August 2013-July 2015
Diagram 29. Forecast of walnut consumption in the market in 2017-2021, thousand tons
Tables
Table 1. Index of industrial production by states of India, in % of the previous year
Table 2. STEP analysis of factors affecting the nut market
Table 3. Main companies participating in the nuts market in 2016
Table 4. Assortment of nuts by weight of Good-Food Group
Table 5. Main companies participating in the nuts market in 2016
Table 6. Total sales of TOP 5 manufacturers in the Indian market in 2016
Table 7. Dynamics of nut production in India by union territories, thousand tons
Table 8. Volume and dynamics of imports of nuts in physical terms by types of nuts, 2011-2016
Table 9. Average import prices by types of nuts, 2011-2016, USD/kg
Table 10. Cashew nuts import structure by importing countries in 2014-2016
Table 11. Indian confectionery market size, 2013-2016
Table 12. Data on the main tenders for the purchase of nuts, announced from 01.09.17/01.10.17/1 to / / , in the amount of more than million Rs.
Table 13. Producer and wholesale prices (large wholesale) for nuts in 2016 across the Union Territories
Table 14. Average consumer prices for nuts by states of India, 2015-2016, Rs./kg
Table 15. Assessment of factors of investment attractiveness of the nut market
All reports