Indian apple imports rise by over 70 per cent

Published 2024년 6월 21일

Tridge summary

India has experienced a significant surge in fresh apple imports, with a 70% increase in the first nine months of the 2023/24 marketing year, reaching a record 510,000 tonnes as per USDA reports. This growth is primarily driven by a rising Indian population and a shift towards healthier dietary choices. Limited transport infrastructure for domestic apples and a rise in demand for imported products from Iran and the US contribute to this trend. Despite India's efforts to protect its domestic market through minimum import prices and tariffs, the growth in imports, especially from Iran and the US, continues unabated, making imports a more affordable option for India's price-sensitive consumers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Imports of fresh apples into India rose over 70 per cent in the first nine months of the marketing year (MY) in 2023/24 (July 2023-June 2024) compared to the same period last year and are forecast to reach a record 510,000 tonnes, according to a report from the USDA. While domestic production is also expected to increase slightly, demand for imported apples continues to grow as the Indian population rises and dietary habits shift towards healthier foods. Limited transport infrastructure to move domestic apples from the north of the country to other regions of India is also boosting demand for imported products. The USDA reports apple imports from Iran have nearly doubled so far in MY 2023/24, accounting for a large portion of the overall increase. Prior to MY 2019/20, Iran accounted for less than 10 per cent of India’s apple imports but it has since increased its share to a third of total volumes. In May 2023, India put in place a “minimum import price for apples” to counter ...

Source: Fruitnet