Southern Asia: Hand Stamp Market 2024

Hand Stamp Market Size in Southern Asia

The South Asian hand stamp market declined modestly to $X in 2022, dropping by -4.6% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Hand Stamp Production in Southern Asia

In value terms, hand stamp production contracted to $X in 2022 estimated in export price. In general, production saw a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Hand Stamp Exports

Exports in Southern Asia

In 2022, the amount of stamps for use in the hand exported in Southern Asia skyrocketed to X units, jumping by 40% on the previous year's figure. Over the period under review, exports, however, continue to indicate a pronounced contraction. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hand stamp exports soared to $X in 2022. Overall, exports recorded a moderate increase. The most prominent rate of growth was recorded in 2019 when exports increased by 91%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India dominates exports structure, accounting for X units, which was near 97% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hand stamp exports from India stood at -4.4%. Pakistan (-1.5%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest hand stamp supplier in Southern Asia, comprising 92% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled +2.3%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, dropping by -1.7% against the previous year. Overall, the export price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 84%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%).

Hand Stamp Imports

Imports in Southern Asia

In 2022, purchases abroad of stamps for use in the hand increased by 10% to X units, rising for the second consecutive year after three years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +57.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hand stamp imports fell modestly to $X in 2022. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, India (X units), Bangladesh (X units) and Pakistan (X units) was the main importer of stamps for use in the hand in Southern Asia, comprising 92% of total import. Sri Lanka (X units) and Nepal (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand stamp importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together comprising 92% of total imports. Pakistan and Nepal lagged somewhat behind, together comprising a further 6.4%.

Nepal, with a CAGR of +17.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, declining by -12.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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