India: Book Cover Market 2024

Book Cover Market Size in India

The Indian book cover market contracted modestly to $X in 2022, falling by -2.3% against the previous year. In general, consumption recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 2.1% against the previous year. Book cover consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Book Cover Production in India

In value terms, book cover production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 3.2%. Book cover production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Book Cover Exports

Exports from India

In 2022, overseas shipments of blotting pads and book covers increased by 29% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, book cover exports soared to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +41.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 84%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for book cover exports from India, with a 51% share of total exports. Moreover, book cover exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), threefold. Zambia (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.0% per year) and Zambia (-0.1% per year).

In value terms, the largest markets for book cover exported from India were the United States ($X), the UK ($X) and Zambia ($X), with a combined 76% share of total exports.

The United States, with a CAGR of +19.9%, saw the highest growth rate of 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 book cover export price amounted to $X per ton, which is down by -3.8% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, book cover export price decreased by -26.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 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 ($X per ton), while the average price for exports to Nepal ($X per ton) 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 (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Book Cover Imports

Imports into India

In 2022, imports of blotting pads and book covers into India soared to X tons, with an increase of 80% compared with the previous year's figure. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +93.1% against 2020 indices. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, book cover imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of book cover to India, accounting for a 90% share of total imports. It was followed by Hong Kong SAR (X tons), with a 2.7% share of total imports. The United States (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+6.8% per year) and the United States (-14.9% per year).

In value terms, China ($X) constituted the largest supplier of blotting pads and book covers to India, comprising 72% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.7% share of total imports. It was followed by Hong Kong SAR, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.2% per year) and Hong Kong SAR (+6.6% per year).

Import Prices by Country

The average book cover import price stood at $X per ton in 2022, which is down by -11.9% against the previous year. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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