Report Update: May 1, 2024

India - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights

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Machinery for Packing Price in India - 2023

Machinery for Packing Price in India (CIF) - 2022

In 2022, the average machinery for packing import price amounted to $463 per unit, dropping by -22.4% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 25% against the previous year. The import price peaked at $1,088 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,753 per unit), while the price for China ($204 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Machinery for Packing Price in India (FOB) - 2022

The average machinery for packing export price stood at $533 per unit in 2022, rising by 1.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $565 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($838 per unit), while the average price for exports to Saudi Arabia ($298 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 Ghana (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery for Packing Imports in India

In 2022, approx. 260K units of machinery for packing or wrapping were imported into India; approximately equating the previous year's figure. The total import volume increased at an average annual rate of +8.2% over the period from 2019 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 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, machinery for packing imports shrank remarkably to $120M in 2022. Over the period under review, imports, however, recorded a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, imports attained the peak of $153M, and then declined significantly in the following year.

Import of Machinery for Packing in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	29.3	30.3	32.1	30.7	1.6%
Italy	22.9	34.6	31.1	25.1	3.1%
Germany	14.4	19.8	14.1	16.2	4.0%
Taiwan (Chinese)	7.4	6.1	8.1	9.1	7.1%
Japan	3.8	9.6	15.1	8.6	31.3%
Netherlands	4.8	3.6	3.2	4.6	-1.4%
Turkey	1.7	2.8	3.3	3.4	26.0%
Belgium	6.0	2.1	3.1	0.9	-46.9%
Others	35.8	27.1	42.8	21.4	-15.8%
Total	126	136	153	120	-1.6%

Top Suppliers of Machinery for Packing to India in 2022:

China (150.3K units)
Taiwan (Chinese) (40.8K units)
Italy (14.3K units)
Germany (10.9K units)
Turkey (9.0K units)
Japan (8.3K units)
Netherlands (4.3K units)
Belgium (0.7K units)

Machinery for Packing Exports in India

In 2022, approx. 105K units of machinery for packing or wrapping were exported from India; growing by 8.2% compared with the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, machinery for packing exports rose remarkably to $56M in 2022. The total export value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Machinery for Packing in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5.0	5.2	5.7	9.1	22.1%
Bangladesh	4.6	2.9	3.1	5.3	4.8%
Nigeria	3.7	2.2	3.5	4.0	2.6%
United Arab Emirates	1.8	4.8	7.0	3.6	26.0%
Nepal	2.2	1.3	2.8	2.8	8.4%
Ghana	3.0	0.9	1.4	2.2	-9.8%
Indonesia	1.4	1.7	1.6	2.1	14.5%
Turkey	0.7	0.2	0.8	1.7	34.4%
Kenya	1.5	1.8	0.9	1.5	0.0%
Malaysia	0.3	0.4	0.7	1.2	58.7%
Angola	0.7	0.7	1.2	1.0	12.6%
Tanzania	0.5	0.3	0.4	0.9	21.6%
Saudi Arabia	0.5	0.6	0.4	0.5	0.0%
Others	20.1	17.1	21.2	19.9	-0.3%
Total	45.8	40.1	50.7	55.7	6.7%

Top Export Markets for Machinery for Packing from India in 2022:

United States (11.3K units)
Nigeria (10.5K units)
Bangladesh (9.6K units)
United Arab Emirates (7.4K units)
Nepal (6.9K units)
Ghana (4.1K units)
Kenya (3.8K units)
Indonesia (3.4K units)
Angola (3.2K units)
Tanzania (2.6K units)
Malaysia (2.2K units)
Turkey (2.0K units)
Saudi Arabia (1.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the machinery for packing market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023