India: Drawing Board Market 2024

Drawing Board Market Size in India

In 2022, the Indian drawing board market increased by 3.9% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Drawing board consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Drawing Board Production in India

In value terms, drawing board production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 18%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Drawing Board Exports

Exports from India

In 2022, drawing board exports from India was estimated at X units, growing by 3.4% compared with 2021. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 114% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, drawing board exports dropped to $X in 2022. In general, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +31.1% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 119%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X units) was the main destination for drawing board exports from India, accounting for a 73% share of total exports. Moreover, drawing board exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X units), fourfold. The third position in this ranking was held by Kenya (X units), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+41.5% per year) and Kenya (+152.5% per year).

In value terms, the largest markets for drawing board exported from India were Nepal ($X), Bangladesh ($X) and Bhutan ($X), together comprising 73% of total exports. Kenya, Mozambique, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further 11%.

Among the main countries of destination, Kenya, with a CAGR of +132.9%, saw the highest rates of growth with regard to 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

In 2022, the average drawing board export price amounted to $X per unit, declining by -12.9% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 30%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Bangladesh ($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 Bhutan (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into India

In 2022, supplies from abroad of slates and boards with writing or drawing surfaces increased by 62% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 215%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, drawing board imports soared to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 102% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of drawing board to India, accounting for a 95% share of total imports. It was followed by Singapore (X units), with a 1.6% share of total imports. Belgium (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+19.7% per year) and Belgium (+5.6% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to India, comprising 79% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.6% share of total imports. It was followed by Singapore, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.2% per year) and Singapore (+14.1% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, dropping by -12.7% against the previous year. Over the period under review, the import price showed a deep setback. The growth pace was the most rapid in 2018 an increase of 69%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :