India: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in India

The Indian market for spray guns and similar appliances reached $X in 2022, standing approx. at the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.7% against 2016 indices. Spray guns and similar appliances consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Spray Guns And Similar Appliances in India

In value terms, spray guns and similar appliances production totaled $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45%. Spray guns and similar appliances production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports from India

In 2022, approx. X units of spray guns and similar appliances were exported from India; growing by 59% on the previous year's figure. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 113% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, spray guns and similar appliances exports soared to $X in 2022. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2016 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Oman (X units) and China (X units) were the main destinations of spray guns and similar appliances exports from India, with a combined 40% share of total exports. Italy, the United Arab Emirates, Bangladesh, Nepal, Brazil, Russia, Indonesia, the UK, Saudi Arabia and Turkey lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +39.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spray guns and similar appliances exported from India were the United States ($X), China ($X) and Italy ($X), with a combined 42% share of total exports.

Italy, with a CAGR of +37.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price for spray guns and similar appliances amounted to $X per unit, which is down by -20% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Oman ($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 the United Arab Emirates (+16.1%), while the prices for the other major destinations experienced a decline.

Imports of Spray Guns And Similar Appliances

Imports into India

For the third consecutive year, India recorded growth in overseas purchases of spray guns and similar appliances, which increased by 20% to X units in 2022. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, spray guns and similar appliances imports soared to $X in 2022. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and South Korea (X units) were the main suppliers of spray guns and similar appliances imports to India, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and South Korea ($X) constituted the largest spray guns and similar appliances suppliers to India, with a combined 71% share of total imports.

China, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of imports, among 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 import price for spray guns and similar appliances stood at $X per unit in 2022, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached 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 countries with the highest prices were the United States ($X per unit) and China ($X per unit), while the price for the UK ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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