India: Ball Market 2024

Ball Market Size in India

The Indian ball market rose notably to $X in 2022, with an increase of 7.1% against the previous year. Over the period under review, consumption, however, showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ball Production in India

In value terms, ball production expanded notably to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Ball production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ball Exports

Exports from India

In 2022, shipments abroad of balls increased by 12% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ball exports reached $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Australia (X units) and the United States (X units) were the main destinations of ball exports from India, together comprising 57% of total exports. South Africa, France, Ireland, New Zealand, the Netherlands, Bangladesh, Germany, the United Arab Emirates, Vietnam and Poland lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +13.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Australia ($X) and the United States ($X) appeared to be the largest markets for ball exported from India worldwide, with a combined 58% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +8.9%, 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

The average ball export price stood at $X per unit in 2022, rising by 2.6% against the previous year. In general, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 6.9%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the average price for exports to Vietnam ($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 the United States (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into India

In 2022, supplies from abroad of balls was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 180% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ball imports skyrocketed to $X in 2022. In general, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 53%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest ball supplier to India, accounting for a 82% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), tenfold. The Philippines (X units) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+28.2% per year) and the Philippines (+22.1% per year).

In value terms, China ($X) constituted the largest supplier of balls to India, comprising 53% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by the Philippines, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+29.4% per year) and the Philippines (+22.0% per year).

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, growing by 14% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2021 when the average import price increased by 48% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :