India: Propellant Powders Market 2024

Propellant Powders Market Size in India

In 2021, the Indian propellant powders market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Propellant powders consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Propellant Powders Production in India

In value terms, propellant powders production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Propellant Powders Exports

Exports from India

In 2021, overseas shipments of propellant powders decreased by -24.1% to X tons, falling for the fifth year in a row after five years of growth. In general, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 237%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, propellant powders exports declined significantly to $X in 2021. Overall, exports saw a perceptible descent. The pace of growth was the most pronounced in 2015 when exports increased by 157%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bhutan (X tons) was the main destination for propellant powders exports from India, with a 55% share of total exports. Moreover, propellant powders exports to Bhutan exceeded the volume sent to the second major destination, Nigeria (X kg), fourfold. Thailand (X kg) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bhutan stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+22.1% per year) and Thailand (0.0% per year).

In value terms, Bhutan ($X) remains the key foreign market for propellant powders exports from India, comprising 58% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 20% share of total exports. It was followed by Nigeria, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Bhutan totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+16.8% per year) and Nigeria (+5.3% per year).

Export Prices by Country

The average propellant powders export price stood at $X per ton in 2021, with a decrease of -3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 106% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Nepal ($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 Bhutan (+4.9%), while the prices for the other major destinations experienced a decline.

Propellant Powders Imports

Imports into India

After two years of decline, purchases abroad of propellant powders increased by 1,642% to X tons in 2021. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 2,616% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, propellant powders imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 when imports increased by 3,490% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of propellant powders to India, with a 50% share of total imports. Moreover, propellant powders imports from Belgium exceeded the figures recorded by the second-largest supplier, Serbia (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-12.1% per year) and the Czech Republic (-6.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of propellant powders to India, comprising 52% of total imports. The second position in the ranking was held by Serbia ($X), with a 25% share of total imports. It was followed by the Czech Republic, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-10.1% per year) and the Czech Republic (-6.8% per year).

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, with an increase of 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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