India: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in India

The Indian gravimetric filling machine market skyrocketed to $X in 2022, picking up by 18% against the previous year. Overall, consumption recorded a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in India

In value terms, gravimetric filling machine production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 125% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Gravimetric Filling Machine Exports

Exports from India

In 2022, gravimetric filling machine exports from India expanded sharply to X units, with an increase of 13% against 2021. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 53%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravimetric filling machine exports rose rapidly to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 85% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bangladesh (X units) was the main destination for gravimetric filling machine exports from India, with a 42% share of total exports. Moreover, gravimetric filling machine exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+8.5% per year) and Taiwan (Chinese) (+11.5% per year).

In value terms, the largest markets for gravimetric filling machine exported from India were Bangladesh ($X), Indonesia ($X) and Kenya ($X), with a combined 37% share of total exports.

In terms of the main countries of destination, Kenya, with a CAGR of +26.8%, recorded 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 gravimetric filling machine export price amounted to $X per unit, approximately mirroring the previous year. In general, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 46%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into India

Gravimetric filling machine imports into India reduced to X units in 2022, with a decrease of -10.7% against the year before. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 234%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, gravimetric filling machine imports shrank markedly to $X in 2022. Over the period under review, imports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 180%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of gravimetric filling machine to India, accounting for a 91% share of total imports. Moreover, gravimetric filling machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+17.1% per year) and Germany (+8.3% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) constituted the largest gravimetric filling machine suppliers to India, with a combined 94% share of total imports.

Among the main suppliers, Japan, with a CAGR of +13.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gravimetric filling machine import price stood at $X per unit in 2022, shrinking by -35.5% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 112%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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