India: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in India

The Indian chain scoops and sliders market shrank modestly to $X in 2022, with a decrease of -1.5% against the previous year. In general, consumption, however, enjoyed a resilient expansion. Chain scoops and sliders consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in India

In value terms, chain scoops and sliders production dropped to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from India

After three years of decline, overseas shipments of chain scoops, sliders, runners, end pieces and narrow strips increased by 35% to X tons in 2022. In general, exports, however, showed a perceptible slump. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, chain scoops and sliders exports soared to $X in 2022. Over the period under review, exports, however, saw a pronounced contraction. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for chain scoops and sliders exports from India, accounting for a 41% share of total exports. Moreover, chain scoops and sliders exports to Bangladesh exceeded the volume sent to the second major destination, Peru (X tons), threefold. The third position in this ranking was held by China (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh totaled -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+146.9% per year) and China (+31.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from India, comprising 52% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by China, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.5% per year) and China (+31.5% per year).

Export Prices by Country

The average chain scoops and sliders export price stood at $X per ton in 2022, increasing by 3.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru ($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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into India

In 2022, the amount of chain scoops, sliders, runners, end pieces and narrow strips imported into India skyrocketed to X tons, growing by 54% compared with the year before. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chain scoops and sliders imports surged to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +100.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chain scoops and sliders to India, accounting for a 75% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sevenfold. Japan (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+21.0% per year) and Japan (+1.1% per year).

In value terms, the largest chain scoops and sliders suppliers to India were China ($X), Japan ($X) and Indonesia ($X), together accounting for 83% of total imports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chain scoops and sliders import price amounted to $X per ton, dropping by -17.9% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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