India: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in India

In 2021, after four years of growth, there was significant decline in the Indian filling containers machinery market, when its value decreased by -7.2% to $X. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Filling Containers Machinery Production in India

In value terms, filling containers machinery production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.8% against 2016 indices. The growth pace was the most rapid in 2013 when the production volume increased by 22% against the previous year. Filling containers machinery production peaked at $X in 2020, and then fell in the following year.

Filling Containers Machinery Exports

Exports from India

In 2021, shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

Nepal (X units), Nigeria (X units) and Sri Lanka (X units) were the main destinations of filling containers machinery exports from India, together comprising 34% of total exports. These countries were followed by Bangladesh, Austria, Kenya, the United Arab Emirates, the United States, Mozambique, Egypt, Democratic Republic of the Congo and the Philippines, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +32.1%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Austria ($X) and the United States ($X) were the largest markets for filling containers machinery exported from India worldwide, together accounting for 29% of total exports.

Among the main countries of destination, Austria, with a CAGR of +34.4%, 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

In 2021, the average filling containers machinery export price amounted to $X per unit, dropping by -23.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Nepal ($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 Arab Emirates (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into India

Filling containers machinery imports into India amounted to X units in 2021, growing by 14% compared with 2020. Over the period under review, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 57% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, filling containers machinery imports shrank to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of filling containers machinery to India, accounting for a 51% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Italy (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and Italy (-4.1% per year).

In value terms, Germany ($X), China ($X) and Italy ($X) constituted the largest filling containers machinery suppliers to India, together accounting for 60% of total imports. These countries were followed by Japan, Taiwan (Chinese), Spain, South Korea, Malaysia, the United States, the Netherlands, Sri Lanka, Sweden and Switzerland, which together accounted for a further 30%.

Among the main suppliers, Sri Lanka, with a CAGR of +43.2%, 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

The average filling containers machinery import price stood at $X per unit in 2021, reducing by -21.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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