India: Twig Broom Market 2024

Twig Broom Market Size in India

After two years of growth, the Indian twig broom market decreased by -14.3% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Twig Broom Production in India

In value terms, twig broom production declined to $X in 2021 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +68.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Twig broom production peaked at $X in 2020, and then fell slightly in the following year.

Twig Broom Exports

Exports from India

In 2021, shipments abroad of brooms and brushes of twigs increased by 91% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, twig broom exports soared to $X in 2021. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for twig broom exports from India, with a 62% share of total exports. Moreover, twig broom exports to the United States exceeded the volume sent to the second major destination, Nepal (X units), fivefold. Yemen (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+12.9% per year) and Yemen (+1.4% per year).

In value terms, the United States ($X) remains the key foreign market for brooms and brushes of twigs exports from India, comprising 34% of total exports. The second position in the ranking was held by Nepal ($X), with a 15% share of total exports. It was followed by Yemen, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+23.1% per year) and Yemen (+7.6% per year).

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, waning by -13.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 42%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into India

In 2021, purchases abroad of brooms and brushes of twigs increased by 20% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 118% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, twig broom imports skyrocketed to $X in 2021. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 193% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Indonesia (X units) constituted the largest twig broom supplier to India, with a 55% share of total imports. Moreover, twig broom imports from Indonesia exceeded the figures recorded by the second-largest supplier, Myanmar (X units), threefold. China (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at +104.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+32.1% per year) and China (-16.8% per year).

In value terms, Indonesia ($X) constituted the largest supplier of brooms and brushes of twigs to India, comprising 93% of total imports. The second position in the ranking was held by Myanmar ($X), with a 3.5% share of total imports. It was followed by Sri Lanka, with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +130.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+12.3% per year) and Sri Lanka (+10.5% per year).

Import Prices by Country

The average twig broom import price stood at $X per unit in 2021, surging by 25% against the previous year. In general, the import price posted a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 156% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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