India's Photographic Film Price Increases 7%, Averaging $5.7 per Square Meter

India Photographic Film Import Price in September 2022

In September 2022, the photographic film price amounted to $5.7 per square meter (CIF, India), rising by 7.4% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in April 2022 an increase of 15% against the previous month. Over the period under review, average import prices hit record highs in September 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($14.9 per square meter), while the price for the Netherlands ($2.0 per square meter) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

India Photographic Film Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was photographic plates and film in the flat, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in the flat, sensitised, unexposed, whether or not in packs ($9.9 per square meter), while the price for photographic paper, paperboard and textiles; sensitised, unexposed ($2.0 per square meter) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by photographic film in rolls, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in rolls, sensitised, unexposed (+2.3%), while the prices for the other products experienced mixed trend patterns.

India Photographic Film Imports

Photographic film imports into India fell remarkably to 1.9M square meters in September 2022, dropping by -33.2% against the previous month's figure. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in March 2022 with an increase of 44% month-to-month. As a result, imports reached the peak of 3.7M square meters. From April 2022 to September 2022, the growth of imports remained at a somewhat lower figure.

In value terms, photographic film imports contracted significantly to $11M (IndexBox estimates) in September 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in June 2022 when imports increased by 32% m-o-m. As a result, imports reached the peak of $19M. From July 2022 to September 2022, the growth of imports failed to regain momentum.

India Photographic Film Imports by Type

Photographic plates and film in the flat, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in the flat, sensitised, unexposed, whether or not in packs (829K square meters), photographic film in rolls, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in rolls, sensitised, unexposed (625K square meters) and photographic paper, paperboard and textiles; sensitised, unexposed (396K square meters) were the main products of photographic film imports to India.

From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by photographic plates and film in the flat, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in the flat, sensitised, unexposed, whether or not in packs (with a CAGR of -4.4%), while imports for the other products experienced a decline.

In value terms, photographic plates and film in the flat, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in the flat, sensitised, unexposed, whether or not in packs ($8.2M) constituted the largest type of photographic film supplied to India, comprising 78% of total imports. The second position in the ranking was taken by photographic film in rolls, sensitised, unexposed, of any material other than paper, paperboard or textiles; instant print film in rolls, sensitised, unexposed ($1.5M), with a 15% share of total imports.

India Photographic Film Imports by Country

Japan (508K square meters), the Netherlands (332K square meters) and Taiwan (Chinese) (295K square meters) were the main suppliers of photographic film imports to India, with a combined 61% share of total imports. These countries were followed by the United States, China, Germany, Belgium and the UK, which together accounted for a further 35%.

From January 2022 to September 2022, the biggest increases were in Germany (with a CAGR of +8.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest photographic film suppliers to India were Japan ($3.4M), the United States ($1.9M) and China ($1.8M), together accounting for 66% of total imports. Belgium, the Netherlands, Taiwan (Chinese), Germany and the UK lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Germany, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Factors Photographic Film Prices

In India, the price of photographic film has been on the rise in recent years. A number of factors have contributed to this price increase, including the rising cost of raw materials, inflation, and the falling Indian rupee.

The cost of raw materials for photographic film has been increasing due to a number of factors, including the rising price of petroleum-based products and the increased demand from China. In addition, inflation has been a factor in the higher cost of photographic film, as the price of other goods and services has also been rising.

The falling Indian rupee has also contributed to the higher cost of photographic film in India. When the rupee falls in value, it takes more rupees to purchase the same amount of foreign currency. This means that imported goods, such as photographic film, become more expensive when purchased with rupees.

It is also important to note that there are two main types of photographic film: color negative film and black-and-white negative film. Color negative film is generally more expensive than black-and-white negative film. This is because color negative film requires more complex manufacturing processes and contains more expensive materials. Second, the price of photographic film also varies depending on the brand.

Third, the size of the roll also affects the price of photographic film. Rolls of 35mm film are typically less expensive than rolls of 120mm or 4x5 inch film. This is because 35mm film is produced in larger quantities and thus benefits from economies of scale.

Source: IndexBox Market Intelligence Platform