India: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in India

The Indian metal automatic door closer market expanded slightly to $X in 2021, growing by 2.9% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Metal automatic door closer consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Base Metal Automatic Door Closers in India

In value terms, metal automatic door closer production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14%. Metal automatic door closer production peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Base Metal Automatic Door Closers

Exports from India

In 2021, the amount of base metal automatic door closers exported from India soared to X tons, increasing by 53% on 2020 figures. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 55%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, metal automatic door closer exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.0% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 51%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Nepal (X tons) was the main destination for metal automatic door closer exports from India, with a 52% share of total exports. Moreover, metal automatic door closer exports to Nepal exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Sri Lanka (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nepal amounted to +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.1% per year) and Sri Lanka (+1.1% per year).

In value terms, the largest markets for metal automatic door closer exported from India were Sri Lanka ($X), Nepal ($X) and Taiwan (Chinese) ($X), together accounting for 68% of total exports.

Taiwan (Chinese), with a CAGR of +751.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal automatic door closer export price stood at $X per ton in 2021, reducing by -4.7% against the previous year. In general, the export price recorded a slight descent. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports into India

In 2021, approx. X tons of base metal automatic door closers were imported into India; jumping by 79% on 2020 figures. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal automatic door closer imports surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal automatic door closer to India, with a 77% share of total imports. Moreover, metal automatic door closer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), tenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.5% per year) and Hong Kong SAR (+45.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal automatic door closers to India, comprising 60% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.9% per year) and Germany (+1.2% per year).

Import Prices by Country

In 2021, the average metal automatic door closer import price amounted to $X per ton, declining by -2.1% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.6% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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