India: Plaster Article Market 2024

Plaster Article Market Size in India

The Indian plaster article market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed prominent growth. Plaster article consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plaster Article Production in India

In value terms, plaster article production stood at $X in 2022 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Plaster article production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Plaster Article Exports

Exports from India

After six years of growth, shipments abroad of articles of plaster or of compositions based on plaster decreased by X% to X square meters in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X square meters in 2021, and then contracted in the following year.

In value terms, plaster article exports totaled $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Nepal (X square meters) was the main destination for plaster article exports from India, with a X% share of total exports. It was followed by Sri Lanka (X square meters), with a X% share of total exports. The United Arab Emirates (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and the United Arab Emirates (X% per year).

In value terms, Nepal ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the average plaster article export price amounted to $X per square meter, growing by X% against the previous year. Overall, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Angola ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into India

In 2022, approx. X square meters of articles of plaster or of compositions based on plaster were imported into India; growing by X% on 2021. Overall, imports posted a strong increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plaster article imports soared to $X in 2022. In general, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X square meters), the United Arab Emirates (X square meters) and Saudi Arabia (X square meters) were the main suppliers of plaster article imports to India, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the largest plaster article suppliers to India, with a combined X% share of total imports. China and Oman lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Oman, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average plaster article import price amounted to $X per square meter, increasing by X% against the previous year. In general, the import price, however, recorded a abrupt slump. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Oman ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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