Hardboard Market Overview in India
In value terms, hardboard production totaled $ in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2018 to 2019, production growth remained at a somewhat lower figure.
The value of the hardboard market in India stood at $ in 2019, approximately equating 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2018 to 2019, the growth of the market remained at a lower figure.