Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India (FOB) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India (CIF) - 2022
3. Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India
4. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $105 per unit, surging by 8.1% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices hit record highs at $575 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($341 per unit), while the average price for exports to the Netherlands ($24 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 Hungary (+59.0%), while the prices for the other major destinations experienced a decline.

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $326 per unit, with a decrease of -46.6% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. Over the period under review, average import prices reached the peak figure at $1,977 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 the United States ($2,072 per unit), while the price for China ($289 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced a decline.

Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India

For the fourth year in a row, India recorded growth in shipments abroad of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses, which increased by 19% to 12K units in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses surged to $1.3M 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 remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices from India in 2022:

1. Bangladesh (6.2K units)
2. Hungary (2.6K units)
3. Netherlands (2.3K units)
4. Nepal (0.4K units)
5. Maldives (0.2K units)
6. Sri Lanka (0.2K units)

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in India

In 2022, the amount of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses imported into India soared to 2.6K units, rising by 195% on 2021. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses surged to $851K in 2022. Overall, imports, however, continue to indicate a sharp descent. Over the period under review, imports of hit record highs at $1.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to India in 2022:

1. China (2325.0 units)
2. Italy (274.0 units)
3. United States (8.0 units)

Source: IndexBox Market Intelligence Platform