India: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in India

In 2022, the Indian market for non-domestic percolators and equipment for cooking or heating food increased by 8.6% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +12.7% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in India

In value terms, production of non-domestic percolators and equipment for cooking or heating food amounted to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -3.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from India

In 2022, after three years of growth, there was decline in overseas shipments of non-domestic percolators and equipment for cooking or heating food, when their volume decreased by -0.7% to X units. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 147% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then shrank slightly in the following year.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food reduced notably to $X in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 132%. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Belgium (X units), New Zealand (X units) and the United States (X units) were the main destinations of exports of non-domestic percolators and equipment for cooking or heating food from India, with a combined 47% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +88.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from India, comprising 40% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.3% share of total exports. It was followed by Saudi Arabia, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+78.8% per year) and Saudi Arabia (+15.6% per year).

Export Prices by Country

In 2022, the average export price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, waning by -18.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 157% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average 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 the United States ($X per unit), while the average price for exports to Canada ($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 Japan (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into India

In 2022, imports of non-domestic percolators and equipment for cooking or heating food into India surged to X units, picking up by 82% compared with 2021. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 112% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to India, accounting for a 81% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.1% per year) and Italy (+18.6% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) were the largest non-domestic percolators and equipment for cooking or heating food suppliers to India, together accounting for 59% of total imports.

Among the main suppliers, China, with a CAGR of +15.4%, 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 import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, dropping by -6.2% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform