India: Paper Label Market 2024

Paper Label Market Size in India

In 2023, the Indian paper label market decreased by X% to $X, falling for the second consecutive year after seven years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Paper Label Production in India

In value terms, paper label production fell slightly to $X in 2023 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Paper Label Exports

Exports from India

In 2023, shipments abroad of labels of paper or paperboard decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2022, and then fell in the following year.

In value terms, paper label exports stood at $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

Exports by Country

Ghana (X tons), Nepal (X tons) and the UK (X tons) were the main destinations of paper label exports from India, with a combined X% share of total exports. Bangladesh, the United Arab Emirates, the United States, Ethiopia, Kenya, Tanzania, Australia, Nigeria, Mauritania and Sudan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Nepal ($X) and the United Arab Emirates ($X) appeared to be the largest markets for paper label exported from India worldwide, together comprising X% of total exports. The United States, Kenya, the UK, Ghana, Tanzania, Ethiopia, Nigeria, Australia, Sudan and Mauritania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Mauritania, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the average paper label export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced a decline.

Paper Label Imports

Imports into India

In 2023, after two years of growth, there was significant decline in purchases abroad of labels of paper or paperboard, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2022, and then contracted markedly in the following year.

In value terms, paper label imports reduced to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of paper label to India, accounting for a X% share of total imports. Moreover, paper label imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest paper label suppliers to India were the United States ($X), Hong Kong SAR ($X) and China ($X), with a combined X% share of total imports. Sri Lanka, Taiwan (Chinese), Germany, Indonesia, South Korea, Italy, the United Arab Emirates and the Netherlands lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average paper label import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform