Updated Jan 12, 2023 02:45

Market for Ceramic Wares For Laboratory Or Technical Uses in India

Market Overview
After two years of growth, the Indian market for ceramic wares for laboratory or technical uses decreased by -% to $ in . The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $, and then shrank slightly in the following year.

In value terms, production of ceramic wares for laboratory or technical uses reached $ in estimated in export price. Over the period under review, production, however, saw a slight slump. The most prominent rate of growth was recorded in 2012 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2013 to , production of growth remained at a lower figure.


Consumption
In , after two years of growth, there was decline in consumption of ceramic wares for laboratory or technical uses, when its volume decreased by -% to tons. Over the period under review, the total consumption indicated a measured increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. As a result, consumption reached the peak volume of tons, leveling off in the following year.

The value of the market for ceramic wares for laboratory or technical uses in India declined modestly to $ in , leveling off at 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 +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $, and then dropped slightly in the following year.


Market Forecast
Driven by increasing demand for ceramic wares for laboratory or technical uses in India, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) 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 fifteen years (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
India remains a net importer of ceramic wares for laboratory or technical uses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, 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.