India: Parachute Market 2024

Parachute Market Size in India

The Indian parachute market dropped to $X in 2021, shrinking by -5.5% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.8% against 2014 indices. Parachute consumption peaked at $X in 2020, and then dropped in the following year.

Parachute Production in India

In value terms, parachute production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.1% against 2014 indices. The growth pace was the most rapid in 2015 with an increase of 26%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Parachute Exports

Exports from India

In 2021, approx. X tons of parachutes and rotochutes were exported from India; growing by 128% against 2020. Overall, exports recorded tangible growth. The pace of growth was the most pronounced in 2015 when exports increased by 152%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, parachute exports surged to $X in 2021. Over the period under review, exports recorded a buoyant increase. 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) was the main destination for parachute exports from India, accounting for a 51% share of total exports. Moreover, parachute exports to the United States exceeded the volume sent to the second major destination, South Africa (X kg), threefold. The third position in this ranking was held by the UK (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+17.3% per year) and the UK (+6.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for parachutes and rotochutes exports from India, comprising 51% of total exports. The second position in the ranking was held by South Africa ($X), with a 19% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +66.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+23.0% per year) and the UK (+13.6% per year).

Export Prices by Country

In 2021, the average parachute export price amounted to $X per ton, picking up by 7.6% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute export price increased by +71.6% against 2016 indices. The pace of growth appeared the most rapid in 2018 an increase of 27%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Brazil ($X per ton) and South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into India

In 2021, supplies from abroad of parachutes and rotochutes was finally on the rise to reach X tons after three years of decline. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, parachute imports surged to $X in 2021. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa (X tons), the United States (X tons) and France (X kg) were the main suppliers of parachute imports to India, together comprising 59% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +129.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), the United States ($X) and France ($X) appeared to be the largest parachute suppliers to India, together accounting for 59% of total imports.

Among the main suppliers, South Africa, with a CAGR of +150.7%, saw the highest rates of growth with regard to 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

In 2021, the average parachute import price amounted to $X per ton, growing by 3.7% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute import price increased by +65.9% against 2014 indices. The growth pace was the most rapid in 2020 an increase of 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the UK ($X per ton) and Italy ($X per ton), while the price for South Africa ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :