Overview of the Market for Liquid Air And Distilled Water in India
In value terms, liquid air and distilled water production totaled $ in 2019 estimated in export prices. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.
The size of the market for liquid or compressed air and distilled or conductivity water in India shrank to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $, and then fell in the following year.