India: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in India

The Indian market for mechanical appliances for projecting, dispersing or spraying surged to $X in 2022, jumping by 80% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed prominent growth. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from India

In 2022, shipments abroad of mechanical appliances for projecting, dispersing or spraying increased by 52% to X units, rising for the second year in a row after two years of decline. In general, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying reached $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +72.9% against 2017 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 35%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X units), Egypt (X units) and Bangladesh (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from India, with a combined 54% share of total exports.

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

In value terms, Egypt ($X), the United Arab Emirates ($X) and Bangladesh ($X) appeared to be the largest markets for mechanical appliances for projecting, dispersing or spraying exported from India worldwide, together accounting for 42% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +63.1%, recorded 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 export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, waning by -29.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into India

Imports of mechanical appliances for projecting, dispersing or spraying into India soared to X units in 2022, with an increase of 72% against the previous year. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 97%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 99.9%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia (X units), China (X units) and South Korea (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to India, with a combined 62% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +143.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical appliances for projecting, dispersing or spraying suppliers to India were Russia ($X), China ($X) and South Korea ($X), with a combined 65% share of total imports.

Russia, with a CAGR of +147.5%, 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

The average import price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, rising by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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