India: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in India

The Indian prefabricated buildings market shrank to $X in 2022, waning by -2.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. Prefabricated buildings consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in India

In value terms, prefabricated buildings production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 29%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from India

In 2022, prefabricated buildings exports from India skyrocketed to X units, growing by 24% on the previous year's figure. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% 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 +47.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 32%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, prefabricated buildings exports skyrocketed to $X in 2022. In general, exports saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Nepal (X units), the United States (X units) and Kenya (X units) were the main destinations of prefabricated buildings exports from India, together accounting for 35% of total exports. Bangladesh, Bhutan, Tanzania, Algeria, Nigeria, Ghana, Senegal, Maldives, Sierra Leone and Indonesia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +63.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Kenya ($X) and the United States ($X) appeared to be the largest markets for prefabricated buildings exported from India worldwide, with a combined 36% share of total exports. Bhutan, Tanzania, Bangladesh, Nigeria, Ghana, Senegal, Algeria, Maldives, Sierra Leone and Indonesia lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Maldives, with a CAGR of +60.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2022, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into India

In 2022, purchases abroad of prefabricated buildings increased by 35% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 57% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, prefabricated buildings imports surged to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +134.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X units), China (X units) and Israel (X units) were the main suppliers of prefabricated buildings imports to India, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prefabricated buildings suppliers to India were the United Arab Emirates ($X), China ($X) and Israel ($X), with a combined 72% share of total imports.

Among the main suppliers, Israel, with a CAGR of +32.4%, 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

The average prefabricated buildings import price stood at $X per unit in 2022, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Israel ($X per unit) and Turkey ($X per unit), while the price for the United States ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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