India: Office Supply Market 2024

Office Supply Market Size in India

The Indian office supply market dropped to $X in 2022, approximately mirroring the previous year. In general, consumption, however, saw a deep downturn. The pace of growth appeared the most rapid in 2021 when the market value increased by 4.3%. Office supply consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Office Supply Production in India

In value terms, office supply production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 9.7%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Office Supply Exports

Exports from India

In 2022, shipments abroad of office or school supplies of plastics increased by 10% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 17%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, office supply exports soared to $X in 2022. In general, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +26.5% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for office supply exports from India, with a 53% share of total exports. Moreover, office supply exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+32.1% per year) and Germany (-14.0% per year).

In value terms, the United States ($X) remains the key foreign market for office or school supplies of plastics exports from India, comprising 57% of total exports. The second position in the ranking was taken by Spain ($X), with a 6.2% share of total exports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+35.5% per year) and Germany (-9.1% per year).

Export Prices by Country

In 2022, the average office supply export price amounted to $X per ton, surging by 9.9% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply export price increased by +15.1% against 2020 indices. The growth pace was the most rapid in 2015 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into India

In 2022, purchases abroad of office or school supplies of plastics increased by 21% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports continue to indicate mild growth. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, office supply imports skyrocketed to $X in 2022. In general, imports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of office supply to India, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.0%.

In value terms, China ($X) constituted the largest supplier of office or school supplies of plastics to India.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.3%.

Import Prices by Country

The average office supply import price stood at $X per ton in 2022, which is down by -2% against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 13%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.2% per year.

Source: IndexBox Platform

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