India: Multitask Printer Market 2024

Multitask Printer Market Size in India

In 2022, the Indian multitask printer market increased by 41% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +109.3% against 2020 indices. Multitask printer consumption peaked in 2022 and is expected to retain growth in years to come.

Multitask Printer Exports

Exports from India

Multitask printer exports from India was estimated at X units in 2022, growing by 5.3% compared with 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 592%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, multitask printer exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 425% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X units), the United Arab Emirates (X units) and Bangladesh (X units) were the main destinations of multitask printer exports from India, with a combined 83% share of total exports. China, Sri Lanka, Bhutan, Spain and Iran lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +487.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multitask printer exported from India were the United Arab Emirates ($X), Singapore ($X) and Bangladesh ($X), with a combined 73% share of total exports. China, Bhutan, Spain, Sri Lanka and Iran lagged somewhat behind, together comprising a further 17%.

Spain, with a CAGR of +518.4%, saw the highest growth rate of 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 multitask printer export price amounted to $X per unit, picking up by 25% against the previous year. Overall, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 159%. Over the period under review, the average export prices reached the maximum 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 Bhutan ($X per unit), while the average price for exports to Singapore ($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 Bhutan (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Multitask Printer Imports

Imports into India

In 2022, purchases abroad of multitask printers, copymachines and facsimile machines increased by 21% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, multitask printer imports surged to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +109.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Thailand (X units) and Vietnam (X units) were the main suppliers of multitask printer imports to India, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +45.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of multitask printers, copymachines and facsimile machines to India, comprising 42% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports. It was followed by Vietnam, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+32.2% per year) and Vietnam (+30.5% per year).

Import Prices by Country

In 2022, the average multitask printer import price amounted to $X per unit, picking up by 16% against the previous year. In general, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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