India: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in India

After five years of growth, the Indian market for instrument panel and wall clocks decreased by -X% to $X in 2020. Over the period under review, consumption, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Instrument panel and wall clock consumption peaked at $X in 2019, and then dropped in the following year.

Production of Instrument Panel And Wall Clocks in India

In value terms, instrument panel and wall clock production expanded significantly to $X in 2020 estimated in export prices. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in years to come.

Exports of Instrument Panel And Wall Clocks

Exports from India

After four years of decline, overseas shipments of instrument panel and wall clocks increased by X% to X tons in 2020. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports reduced modestly to $X in 2020. In general, exports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and the UK (X tons) were the main destinations of instrument panel and wall clock exports from India, together accounting for X% of total exports. Myanmar, Germany, the Netherlands, Bangladesh, Australia, Iraq and France lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Iraq ($X) and the United Arab Emirates ($X) constituted the largest markets for instrument panel and wall clock exported from India worldwide, with a combined X% share of total exports. These countries were followed by Bangladesh, the UK, France, the Netherlands, Australia, Germany and Myanmar, which together accounted for a further X terms of the main countries of destination, Bangladesh (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, waning by -X% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2019, and then shrank markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Iraq ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into India

In 2020, overseas purchases of instrument panel and wall clocks decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a moderate increase. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports contracted markedly to $X in 2020. Overall, imports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of instrument panel and wall clock to India, with a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), ninefold.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Switzerland (+X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to India, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-X% per year) and Switzerland (-X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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