India: Chewing Gum Market 2024

Chewing Gum Market Size in India

The Indian chewing gum market declined to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chewing Gum Production in India

In value terms, chewing gum production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. Chewing gum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Chewing Gum Exports

Exports from India

In 2022, shipments abroad of chewing gum increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, chewing gum exports rose remarkably to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Nepal (X tons) and Cameroon (X tons) were the main destinations of chewing gum exports from India, together comprising X% of total exports. The United Arab Emirates, Senegal, Niger, Angola, Mauritania, Nigeria, Gambia, Ghana, Somalia and Mali lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chewing gum exported from India were the United Arab Emirates ($X), Nepal ($X) and Democratic Republic of the Congo ($X), with a combined X% share of total exports. Cameroon, Senegal, Nigeria, Angola, Mauritania, Niger, Gambia, Ghana, Somalia and Mali lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Nigeria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chewing gum export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a perceptible setback. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into India

In 2022, overseas purchases of chewing gum increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, chewing gum imports rose markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chewing gum to India, accounting for a X% share of total imports. Moreover, chewing gum imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest chewing gum suppliers to India were China ($X), the United Arab Emirates ($X) and Indonesia ($X), with a combined X% share of total imports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chewing gum import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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