India: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2025

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in India

The Indian loose-leaf binder metal fitting market skyrocketed to $X in 2022, increasing by 78% against the previous year. Overall, consumption enjoyed a strong increase. Loose-leaf binder metal fitting consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in India

In value terms, loose-leaf binder metal fitting production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Loose-leaf binder metal fitting production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from India

Loose-leaf binder metal fitting exports from India shrank markedly to X tons in 2022, declining by -51.1% on the previous year's figure. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2014 when exports increased by 41%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting exports shrank notably to $X in 2022. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when exports increased by 54% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for loose-leaf binder metal fitting exports from India, with a 26% share of total exports. Moreover, loose-leaf binder metal fitting exports to Spain exceeded the volume sent to the second major destination, Kenya (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+39.3% per year) and the United States (-10.3% per year).

In value terms, the largest markets for loose-leaf binder metal fitting exported from India were Spain ($X), Kenya ($X) and Italy ($X), with a combined 48% share of total exports.

Kenya, with a CAGR of +39.7%, recorded 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

In 2022, the average loose-leaf binder metal fitting export price amounted to $X per ton, with an increase of 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 30% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Kenya ($X per ton), while the average price for exports to Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into India

In 2022, approx. X tons of base metal fittings for loose-leaf binders or files were imported into India; growing by 13% compared with the previous year's figure. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 236% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, loose-leaf binder metal fitting imports totaled $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 124% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main loose-leaf binder metal fitting supplier to India, accounting for a 98% share of total imports. It was followed by Hong Kong SAR (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.8%.

In value terms, China ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to India, comprising 90% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.1%.

Import Prices by Country

The average loose-leaf binder metal fitting import price stood at $X per ton in 2022, which is down by -7.4% against the previous year. In general, the import price saw a abrupt setback. The growth pace was the most rapid in 2014 an increase of 218%. As a result, import price reached the peak level of $X per ton. From 2015 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 Hong Kong SAR ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-5.6%).

Source: IndexBox Platform

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