India: Glass Ampoules Market 2024

Glass Ampoules Market Size in India

In 2022, the Indian glass ampoules market decreased by -6.1% to $X for the first time since 2014, thus ending a seven-year rising trend. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Glass ampoules consumption peaked at $X in 2021, and then reduced in the following year.

Glass Ampoules Production in India

In value terms, glass ampoules production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 8.6%. Glass ampoules production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Glass Ampoules Exports

Exports from India

In 2022, shipments abroad of glass ampoules for packing of goods increased by 19% to X units, rising for the sixth year in a row after four years of decline. Overall, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +201.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 91% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, glass ampoules exports soared to $X in 2022. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 88%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for glass ampoules exports from India, accounting for a 31% share of total exports. Moreover, glass ampoules exports to Mexico exceeded the volume sent to the second major destination, Greece (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+12.1% per year) and the United Arab Emirates (+23.9% per year).

In value terms, Mexico ($X) remains the key foreign market for glass ampoules for packing of goods exports from India, comprising 27% of total exports. The second position in the ranking was taken by Greece ($X), with a 13% share of total exports. It was followed by South Africa, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+15.3% per year) and South Africa (+5.3% per year).

Export Prices by Country

The average glass ampoules export price stood at $X per thousand units in 2022, growing by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2015 an increase of 24%. Over the period under review, the average export prices reached the maximum at $X per thousand units in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per thousand units), while the average price for exports to the United Arab Emirates ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Ampoules Imports

Imports into India

In 2022, purchases abroad of glass ampoules for packing of goods decreased by -31.2% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 114% against the previous year. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, glass ampoules imports contracted rapidly to $X in 2022. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 61% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main glass ampoules supplier to India, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +22.8%.

In value terms, China ($X) constituted the largest supplier of glass ampoules for packing of goods to India.

From 2012 to 2022, the average annual growth rate of value from China stood at +18.0%.

Import Prices by Country

In 2022, the average glass ampoules import price amounted to $X per thousand units, rising by 12% against the previous year. Overall, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.0% per year.

Source: IndexBox Platform

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