India: Manostat Market 2025

Manostat Market Size in India

In 2022, the Indian manostat market increased by 2.4% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2016 with an increase of 7.7%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Manostat Production in India

In value terms, manostat production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 9.9% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Manostat Exports

Exports from India

Manostat exports from India amounted to X units in 2022, with an increase of 2.4% compared with 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 2,430% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, manostat exports reached $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 439% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Singapore (X units) were the main destinations of manostat exports from India, with a combined 75% share of total exports. Brazil, Thailand, Denmark and South Korea lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +610.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for manostats exports from India, comprising 35% of total exports. The second position in the ranking was taken by Singapore ($X), with a 15% share of total exports. It was followed by the United States, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +183.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+53.7% per year) and the United States (+11.8% per year).

Export Prices by Country

The average manostat export price stood at $X per unit in 2022, increasing by 2.1% against the previous year. Overall, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 144%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 South Korea ($X per unit), while the average price for exports to the United States ($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 Denmark (+17.3%), while the prices for the other major destinations experienced a decline.

Manostat Imports

Imports into India

In 2022, manostat imports into India expanded notably to X units, with an increase of 13% on the year before. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 120% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, manostat imports skyrocketed to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Japan (X units), China (X units) and Mexico (X units) were the main suppliers of manostat imports to India, together accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +96.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Japan ($X) constituted the largest manostat suppliers to India, with a combined 49% share of total imports. Malaysia, Germany, Denmark and Italy lagged somewhat behind, together accounting for a further 30%.

Malaysia, with a CAGR of +64.7%, recorded the highest growth rate of the value of imports, in terms of 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 manostat import price stood at $X per unit in 2022, growing by 5.3% against the previous year. Over the period under review, the import price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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