India: Ironing Machine Market 2024

Ironing Machine Market Size in India

In 2022, the Indian ironing machine market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a slight descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ironing Machine Production in India

In value terms, ironing machine production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a significant decline. Ironing machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ironing Machine Exports

Exports from India

In 2022, overseas shipments of ironing machines and presses increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt setback. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ironing machine exports surged to $X in 2022. Over the period under review, exports enjoyed a measured expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Nigeria (X units) and Nepal (X units) were the main destinations of ironing machine exports from India, together accounting for X% of total exports. The United Arab Emirates, Saudi Arabia, the Dominican Republic, Sri Lanka, Bangladesh, Germany and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ironing machine exported from India were Sri Lanka ($X), Saudi Arabia ($X) and Bangladesh ($X), with a combined X% share of total exports. Nepal, the Dominican Republic, the United Arab Emirates, the United States, Nigeria, Germany and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ironing machine export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Nigeria ($X 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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ironing Machine Imports

Imports into India

In 2022, purchases abroad of ironing machines and presses increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ironing machine imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X units) constituted the largest ironing machine supplier to India, accounting for a X% share of total imports. Moreover, ironing machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of ironing machines and presses to India, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average ironing machine import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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