India: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in India

For the fourth year in a row, the Indian respiration apparatus market recorded growth in sales value, which increased by 44% to $X in 2021. In general, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Respiration Apparatus Production in India

In value terms, respiration apparatus production dropped to $X in 2021 estimated in export price. In general, production, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 28% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Respiration Apparatus Exports

Exports from India

In 2021, exports of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus from India surged to X tons, growing by 320% compared with the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, respiration apparatus exports soared to $X in 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Hong Kong SAR (X tons) and Nepal (X tons) were the main destinations of respiration apparatus exports from India, with a combined 30% share of total exports. Australia, Indonesia, Sri Lanka, Oman, Uzbekistan, Myanmar, Yemen, Vietnam, the United Arab Emirates and Bangladesh lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +359.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and Nepal ($X) appeared to be the largest markets for respiration apparatus exported from India worldwide, with a combined 33% share of total exports. These countries were followed by Australia, Indonesia, Sri Lanka, Uzbekistan, Yemen, Vietnam, Bangladesh, Myanmar, Oman and the United Arab Emirates, which together accounted for a further 36%.

Uzbekistan, with a CAGR of +396.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average respiration apparatus export price amounted to $X per ton, falling by -31% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+30.9%), while the prices for the other major destinations experienced mixed trend patterns.

Respiration Apparatus Imports

Imports into India

In 2021, the amount of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imported into India surged to X tons, jumping by 386% on the previous year's figure. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, respiration apparatus imports surged to $X in 2021. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest respiration apparatus supplier to India, accounting for a 42% share of total imports. Moreover, respiration apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +61.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+33.7% per year) and Hong Kong SAR (+92.7% per year).

In value terms, China ($X) constituted the largest supplier of respiration apparatus to India, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.5% per year) and Hong Kong SAR (+83.7% per year).

Import Prices by Country

In 2021, the average respiration apparatus import price amounted to $X per ton, declining by -16.2% against the previous year. In general, the import price saw a pronounced decline. The growth pace was the most rapid in 2019 an increase of 7.4%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and Canada ($X per ton), while the price for Switzerland ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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