Hardboard Market Overview in India
Market Overview
The Indian hardboard market totaled $
in 2019, remaining stable 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). 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 pace of growth was the most pronounced in 2017 with an increase of % year-to-year. As a result, consumption reached the peak level of $. From 2018 to 2019, the growth of the market remained at a lower figure.
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.
in 2019, remaining stable 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). 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 pace of growth was the most pronounced in 2017 with an increase of % year-to-year. As a result, consumption reached the peak level of $. From 2018 to 2019, the growth of the market remained at a lower figure.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.Consumption
For the third consecutive year, India recorded growth in consumption of hardboard, which increased by % to cubic meters in 2019. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Over the period under review, consumption reached the maximum volume in 2019 and is likely to see gradual growth in years to come.
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.
% to cubic meters in 2019. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Over the period under review, consumption reached the maximum volume in 2019 and is likely to see gradual growth in years to come.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.Market Forecast
Driven by increasing demand for hardboard in India, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to cubic meters by the end of .
% for the period from 2019 to , which is projected to bring the market volume to cubic meters by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in India increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
India remains a net importer of hardboard; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
cubic meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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