India: Wood Flat Pallet Market 2025

Wood Flat Pallet Market Size in India

The Indian wood flat pallet market expanded notably to $X in 2021, with an increase of 12% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wood Flat Pallet Production in India

In value terms, wood flat pallet production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Wood Flat Pallet Exports

Exports from India

In 2021, approx. X units of flat pallets and pallet collars of wood were exported from India; declining by -29.7% compared with 2020. Overall, exports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 112%. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, wood flat pallet exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2013 with an increase of 257% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units), Belgium (X units) and Sweden (X units) were the main destinations of wood flat pallet exports from India, together accounting for 34% of total exports. These countries were followed by Nepal, China, the United States, Indonesia, Germany, the Netherlands, Thailand, South Korea, the UK and Poland, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +99.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Sweden ($X) appeared to be the largest markets for wood flat pallet exported from India worldwide, with a combined 44% share of total exports. These countries were followed by China, Belgium, Germany, Indonesia, the UK, Nepal, Poland, the Netherlands, Thailand and South Korea, which together accounted for a further 36%.

Among the main countries of destination, Poland, with a CAGR of +106.7%, saw 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

In 2021, the average wood flat pallet export price amounted to $X per unit, picking up by 84% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nepal ($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 the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports into India

In 2021, after two years of decline, there was significant growth in supplies from abroad of flat pallets and pallet collars of wood, when their volume increased by 69% to X units. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 80%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, wood flat pallet imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), Latvia (X units) and Thailand (X units) were the main suppliers of wood flat pallet imports to India, together comprising 57% of total imports. Lithuania, Germany, South Africa, Japan, South Korea and China lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +476.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood flat pallet suppliers to India were Sweden ($X), Thailand ($X) and Lithuania ($X), together comprising 55% of total imports. These countries were followed by Latvia, Germany, South Africa, Japan, South Korea and China, which together accounted for a further 34%.

South Africa, with a CAGR of +351.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood flat pallet import price stood at $X per unit in 2021, waning by -9.8% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 an increase of 104%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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