India: Ink-Pad Market 2024

Ink-Pad Market Size in India

The Indian ink-pad market reduced to $X in 2022, with a decrease of -6.8% against the previous year. Overall, consumption saw a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in India

In value terms, ink-pad production shrank to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 16%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Ink-Pad Exports

Exports from India

In 2022, ink-pad exports from India surged to X units, picking up by 115% compared with 2021. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad exports skyrocketed to $X in 2022. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 96%. 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

Nepal (X units), Bangladesh (X units) and the United Arab Emirates (X units) were the main destinations of ink-pad exports from India, with a combined 80% share of total exports. Saudi Arabia, Yemen, Egypt, Sri Lanka and Oman lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +60.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ink-pad exported from India were Nepal ($X), Bangladesh ($X) and Saudi Arabia ($X), with a combined 79% share of total exports. The United Arab Emirates, Yemen, Egypt, Sri Lanka and Oman lagged somewhat behind, together accounting for a further 11%.

In terms of the main countries of destination, Sri Lanka, with a CAGR of +44.7%, saw the highest growth rate of 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 ink-pad export price stood at $X per unit in 2022, with a decrease of -19.8% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 77% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-1.9%), while the prices for the other major destinations experienced a decline.

Ink-Pad Imports

Imports into India

In 2022, approx. X units of ink-pads were imported into India; with an increase of 54% against the previous year. Overall, imports saw mild growth. The pace of growth was the most pronounced in 2017 when imports increased by 170%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ink-pad imports soared to $X in 2022. Over the period under review, imports showed a mild expansion. The pace of growth was the most pronounced in 2017 with an increase of 182% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X units), the United States (X units) and China (X units) were the main suppliers of ink-pad imports to India, with a combined 68% share of total imports. Austria, Germany, Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +61.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and China ($X) were the largest ink-pad suppliers to India, with a combined 68% share of total imports. Austria, Germany, Hong Kong SAR and Italy lagged somewhat behind, together comprising a further 26%.

Hong Kong SAR, with a CAGR of +62.2%, 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

In 2022, the average ink-pad import price amounted to $X per unit, waning by -13.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13%. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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