India: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in India

In 2022, the Indian x-ray examination preparations market increased by 1% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +2.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

X-Ray Examination Preparations Production in India

In value terms, x-ray examination preparations production totaled $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 22% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports from India

In 2022, shipments abroad of opacifying preparations for x-ray examinations increased by 52% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +114.2% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports soared to $X in 2022. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for x-ray examination preparations exports from India, with a 24% share of total exports. Moreover, x-ray examination preparations exports to Russia exceeded the volume sent to the second major destination, Costa Rica (X tons), twofold. The third position in this ranking was held by the Dominican Republic (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-8.1% per year) and the Dominican Republic (+17.8% per year).

In value terms, Russia ($X) remains the key foreign market for opacifying preparations for x-ray examinations exports from India, comprising 32% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 7.4% share of total exports. It was followed by Uzbekistan, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +54.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+20.2% per year) and Uzbekistan (+9.9% per year).

Export Prices by Country

In 2022, the average x-ray examination preparations export price amounted to $X per ton, falling by -11.7% against the previous year. Overall, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 91% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to El Salvador ($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 Yemen (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Examination Preparations Imports

Imports into India

In 2022, imports of opacifying preparations for x-ray examinations into India soared to X tons, rising by 31% compared with the previous year's figure. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 167% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations imports soared to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest x-ray examination preparations supplier to India, with a 82% share of total imports. Moreover, x-ray examination preparations imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.1% per year) and Hong Kong SAR (+41.1% per year).

In value terms, China ($X) constituted the largest supplier of opacifying preparations for x-ray examinations to India, comprising 68% of total imports. The second position in the ranking was taken by Ireland ($X), with a 7.9% share of total imports. It was followed by Italy, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+17.0% per year) and Italy (-1.5% per year).

Import Prices by Country

In 2022, the average x-ray examination preparations import price amounted to $X per ton, with a decrease of -9.2% against the previous year. In general, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 67%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Ireland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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