India: Machinery For Packing Market 2024

Machinery For Packing Market Size in India

The Indian machinery for packing market was estimated at $X in 2022, rising by 2.4% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machinery For Packing Production in India

In value terms, machinery for packing production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 30% against the previous year. Machinery for packing production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Machinery For Packing Exports

Exports from India

Machinery for packing exports from India was estimated at X units in 2022, growing by 8.2% against the year before. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, machinery for packing exports expanded rapidly to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +78.4% against 2014 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units), Nigeria (X units) and Bangladesh (X units) were the main destinations of machinery for packing exports from India, with a combined 30% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +20.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machinery for packing exported from India were the United States ($X), Bangladesh ($X) and Nigeria ($X), together comprising 33% of total exports.

The United States, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average machinery for packing export price amounted to $X per unit, rising by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Saudi Arabia ($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 Ghana (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into India

In 2022, approx. X units of machinery for packing or wrapping were imported into India; stabilizing at the previous year's figure. In general, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.1% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, machinery for packing imports fell dramatically to $X in 2022. Overall, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 when imports increased by 21%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machinery for packing supplier to India, accounting for a 58% share of total imports. Moreover, machinery for packing imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+16.8% per year) and Italy (-6.3% per year).

In value terms, the largest machinery for packing suppliers to India were China ($X), Italy ($X) and Germany ($X), together accounting for 60% of total imports. Taiwan (Chinese), Japan, the Netherlands, Turkey and Belgium lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Turkey, with a CAGR of +21.3%, recorded 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 machinery for packing import price stood at $X per unit in 2022, shrinking by -22.4% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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