India: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in India

In 2021, the Indian enamels and glazes market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. Enamels and glazes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Enamels And Glazes Production in India

In value terms, enamels and glazes production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.7%. Enamels and glazes production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Enamels And Glazes Exports

Exports from India

In 2021, overseas shipments of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 31% to X tons, rising for the sixth year in a row after two years of decline. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,629% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, enamels and glazes exports skyrocketed to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 2,069%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Bangladesh (X tons) was the main destination for enamels and glazes exports from India, accounting for a 65% share of total exports. Moreover, enamels and glazes exports to Bangladesh exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Sri Lanka (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at +163.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+79.9% per year) and Sri Lanka (+94.3% per year).

In value terms, Bangladesh ($X) remains the key foreign market for vitrifiable enamels and glazes for ceramics, enamelling or glass exports from India, comprising 54% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Sri Lanka, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh totaled +167.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+75.1% per year) and Sri Lanka (+98.9% per year).

Export Prices by Country

The average enamels and glazes export price stood at $X per ton in 2021, waning by -4.4% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Saudi Arabia ($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 Iran (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Enamels And Glazes Imports

Imports into India

In 2021, supplies from abroad of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 30% to X tons, rising for the third year in a row after three years of decline. In general, imports continue to indicate a mild increase. The pace of growth was the most pronounced in 2015 when imports increased by 127%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, enamels and glazes imports soared to $X in 2021. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of enamels and glazes imports to India, together comprising 33% of total imports. These countries were followed by Hong Kong SAR, Italy and Belgium, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +45.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Hong Kong SAR ($X) appeared to be the largest enamels and glazes suppliers to India, together comprising 33% of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +45.1%, recorded the highest growth rate of 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

In 2021, the average enamels and glazes import price amounted to $X per ton, with an increase of 66% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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