India: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in India

The Indian metal non-electric bell market declined modestly to $X in 2022, reducing by X% against the previous year. In general, consumption saw a pronounced decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Non-Electric Bell Production in India

In value terms, metal non-electric bell production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Metal Non-Electric Bell Exports

Exports from India

In 2022, shipments abroad of non-electric bells and gongs of base metal increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal non-electric bell exports amounted to $X in 2022. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for metal non-electric bell exports from India, with a X% share of total exports. Moreover, metal non-electric bell exports to the United States exceeded the volume sent to the second major destination, Nepal (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Mexico (X% per year).

In value terms, the largest markets for metal non-electric bell exported from India were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. Nepal, France, the United Arab Emirates, Mexico, Australia, Bangladesh and Sri Lanka lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Nepal, 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

In 2022, the average metal non-electric bell export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into India

In 2022, purchases abroad of non-electric bells and gongs of base metal increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, metal non-electric bell imports rose notably to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of metal non-electric bell to India, with a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of non-electric bells and gongs of base metal to India, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average metal non-electric bell import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton 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 Italy ($X per ton), while the price for China amounted to $X per ton.

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

Source: IndexBox Platform

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