India: Photographic Film Market 2024

Photographic Film Market Size in India

In 2021, the Indian photographic film market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Photographic Film Production in India

In value terms, photographic film production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 89% against the previous year. Photographic film production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Photographic Film Exports

Exports from India

In 2021, the amount of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exported from India declined to X square meters, with a decrease of -13.7% compared with 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 65%. The exports peaked at X square meters in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, photographic film exports reduced to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +3.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 67% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Nepal (X square meters), the United Arab Emirates (X square meters) and Bangladesh (X square meters) were the main destinations of photographic film exports from India, with a combined 62% share of total exports. Sri Lanka, Singapore, Malaysia, China and Bhutan lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +82.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exports from India, comprising 28% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 10% share of total exports. It was followed by Nepal, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+14.5% per year) and Nepal (+18.6% per year).

Export Prices by Country

In 2021, the average photographic film export price amounted to $X per square meter, increasing by 7% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 179% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+25.8%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Film Imports

Imports into India

In 2021, the amount of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed imported into India skyrocketed to X square meters, increasing by 62% compared with the previous year's figure. Overall, imports, however, showed a deep slump. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, photographic film imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X square meters) constituted the largest photographic film supplier to India, accounting for a 46% share of total imports. Moreover, photographic film imports from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), threefold. Japan (X square meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+21.6% per year) and Japan (-16.6% per year).

In value terms, the largest photographic film suppliers to India were China ($X), Japan ($X) and Belgium ($X), together comprising 73% of total imports.

China, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average photographic film import price stood at $X per square meter in 2021, shrinking by -16.5% against the previous year. Overall, the import price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 70%. As a result, import price reached the peak level of $X per square meter, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :