Market Analysis of Grain Storage Services in India
The relevance of research
Grain storage is an important technological process, on which the safety of consumer properties of the goods depends on a sufficiently long period of time. The necessary conditions for the consumption of grain storage services are the availability of a storage place (storages) and the creation of conditions for the preservation of the quantity and quality of the grain placed in them (provision of processing services)
Purpose of the study
Analysis of the state of the market for grain storage services, assessment of the market volume, analysis of competitors, as well as identification of factors affecting the market for grain storage services
Content
Part 1. An Overview of the Indian Grain Storage Services Market
1.1. Definition and Characteristics of the Indian Grain Storage Services Market
1.2. Dynamics of the volume of the Indian grain storage services market, 2015-2019
1.3. The structure of the market for services of elevators type of services
1.4. The structure of the grain elevator services market in the Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
1.7. Analysis of sectoral indicators of financial and economic activity
Part 2. Competitive Analysis in India's Grain Storage Services Market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of consumption of grain storage services in India
3.1. Estimated volume of consumption of grain storage services per capita
3.2. Market Saturation and Estimated Market Potential in India
3.3. Description of consumer preferences
3.4. Price analysis
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Forecast for the development of the grain storage services market until 2024
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
Research excerpt
Part 1. An Overview of the Indian Grain Storage Services Market
1.1. Definition and Characteristics of the Indian Grain Storage Services Market
Consider the characteristics and features of the grain storage services market in India.
Grain storage is an important technological process on which …
The type of service under consideration includes services for ...
For storage of grain are used: ...
The purpose of all specialized granaries is to ensure the safety of the quantity and quality of the grain placed in them. However, the process...
The grain storage service at the elevator is interchangeable with…
Thus, the product boundaries of the market are defined as ...
...
1.2. Dynamics of the volume of the Indian grain storage services market, 2015-2019
According to the information … proceeds from the sale of grain storage services in India … from … billion Rs. in 2015 to … billion Rs. in 2016 (…% to the previous year), in 2017 … slowed down, the market … The largest growth over the period under review was observed in …g. (+…% to the previous year, up to … billion Rs.)
In 2019 market volume … in value terms by …% - up to … billion Rs.
1.3. The structure of the market for services of elevators type of services
Elevators, in addition to the actual storage services, provide services such as acceptance, ...
Diagram 2. The structure of the provision of elevator services in India by type of service in 2019,%
If we take into account that the average grain storage period is … months, storage accounts for …% of the market in the structure of the elevator services market, …
The proposed market structure does not take into account …
1.4. The structure of the grain elevator services market in the Union Territories
The main part of the elevator services market falls on the … federal district (…) and … federal district (mainly … region), these two districts account for …% of the total volume of the grain elevator services market in India.
Diagram 3. The structure of the provision of elevator services in India by Union Territories in 2017-2019, %
The geographic structure of the elevator services market is associated both with … the production of grain and leguminous crops (in 2019, the share of …Union Territories accounted for …%, respectively), and with a high … component of grain (in 2019 out of …. million tons of gross grain harvest and leguminous crops, ... million tons was ...), the attraction of elevators to ...
1.5. Assessment of current trends and development prospects of the studied market
Trends
- … capacities
A feature of the grain elevator market in India is the continued …
- Irregular...
At the same time, according to the official data of the Ministry of Agriculture, the total grain storage capacity as of 2018 is … million tons, including at processing enterprises – … million tons, at …
The discrepancy between the assessments of market participants and ... indicates the presence of ...
“The elevator market has developed…
… storage capacities are observed and … For example, in the Murmansk region …
“The most prepared elevator capacities in these regions are filled with grain…
- Regular input...
Since 2010, in India…
During the period under review, the largest volume of capacity commissioning was observed in … year - … thousand tons, by 2017 the volume of …
- Grain storage...
...
Prospects
The prospects for the development of the industry are related to the development of current trends: ...
The solution of these issues, in the opinion of ..., will minimize ...
1.6. Assessment of factors affecting the market
Let's consider the main factors influencing the market and, accordingly, the demand in the grain storage services market in India.
Macroeconomic factors
After the decline in GDP in 2015 by …%, in 2016-2018. growth rates increased – up to …% - …
The data of Rosstat for 2019 coincided with … - the consensus forecast of experts, at the end of December assumed the growth of the economy by …%, and correspond to …
...
Diagram 5. Dynamics of India's GDP, in 2015-2019, % to the previous year
Political and legal factors
...
Industry Factors
...
Social factors
...
STEP analysis is used to assess the influence of the entire set of factors.
Table 2. STEP Analysis of Factors Affecting the Grain Storage Services Market in India
In general, the impact of macro factors on the grain storage services market in India is currently assessed by GidMarket as ... This is facilitated by ...
1.7. Analysis of sectoral indicators of financial and economic activity
Gross profitability of grain storage services industry … from …% in 2015 to …% in 2017, by 2019 index …%. On average, over the period under review, the industry's profitability turned out to be by … p.p. … than in all sectors of the economy.
Profitability before tax in the grain storage services industry …% in 2015 to …% in 2018, in 2019 the indicator is …%. On average, over the period under review, the industry's profitability turned out to be by … p.p. … than in all sectors of the economy.
Diagram 12. Profitability of profit before tax (profit of the reporting period) in the field of grain storage services in comparison with all sectors of the Indian economy, 2015-2019, %
Current liquidity ratio (Ktl) - the ratio of the value of short-term assets to the value of short-term liabilities of the enterprise.
The higher Ktl was, the ...
The current liquidity ratio increased from … to … over the period ... In 2018, the indicator …
The absolute liquidity ratio shows what proportion of short-term debt obligations will be covered by ...
There is heterogeneity in Indian practice...
Absolute liquidity in the field of grain storage services is within ... and during 2018-2019. turned out to be somewhat ... than the average for the economy.
The business activity of the industry (enterprise) is assessed on the basis of such an indicator as the period of receivables turnover. The longer the period for paying off receivables, the ...
For the period from 2016 to 2019 receivables turnover period … days to … days. … the receivables turnover period indicates …
Coefficient fin. Sustainability (in this case, the availability of own working capital) - characterizes the presence of own working capital of the enterprise, necessary for its financial stability, it is calculated to assess the solvency of the enterprise. …
The working capital ratio in the industry … from … in 2015 to … in 2019, having turned out to be … normative values, but …
In general, the analysis of the main financial indicators indicates …
Part 2. Competitive Analysis in India's Grain Storage Services Market
2.1. Major players in the market
In total, in India, according to …, there are more than … thousand facilities intended for grain storage, including capacities for …
Independent elevators were selected as competitors (they are not part of large holdings, they provide grain storage services for third-party organizations).
The largest companies providing grain storage services are located mainly in ...
2.2. Market shares of the largest competitors
The market of grain storage services in India differs by … degree of concentration, the TOP-5 companies account for …% of the total market volume (the share of companies is determined on the basis of …).
In the first place, according to the assessment - ... with a share of ...% of the market, in the second place - ... (...%). The TOP-5 largest elevators also include …
2.3. Profiles of major players
AO...
...
Diagram 17. Dynamics of the total revenue of the largest operators of the grain storage services market (TOP-5) in India, 2015-2019 (estimate), million Rs./% to the previous year
The greatest growth was observed in …g. (+…%). In 2019 (according to estimates), revenue increased by …%. The decrease in the indicator in … is associated with a decrease in revenue …
Revenue of the largest companies for the period 2015-2019 increased by …, while in general in India, the revenue for the period under review increased by …%. However, …
Part 3. Analysis of consumption of grain storage services in India
3.1. Estimated volume of consumption of grain storage services per capita
Consumption of grain storage services per o.s. ... with ... Rs. in 2015 to … Rs. in 2017. The indicator reached its highest value in 2018 (… Rs./person). In 2019, consumption of services …
Decreased consumption per d.c. in 2019 due to ...
3.2. Market Saturation and Estimated Market Potential in India
The saturation of the grain storage services market is determined by the following factors: …
According to the data above, the free market capacity for new elevators will increase from … mln tons in 2020 to … mln tons in 2024.
Table 11. Assessment of saturation and potential of the market for grain storage services in India for the period 2020-2024, million tons
The degree of market saturation is estimated in 2020 at the level of …%, by 2024 the saturation will decrease to …%.
3.3. Description of consumer preferences
...
3.4. Price analysis
According to the assessment, prices for grain storage services are uneven over the years, for the period 2015-2019. observed … – in 2016 and 2017 (by …% and …% respectively). In 2018, prices are ..%, which is due to …
Thus, the level of prices for grain storage services is influenced, first of all, by the level ...
Prices for grain storage services vary, depending on ...
The lowest cost of storage - in ... Union Territories (... Rs./ton per month), the highest - in ... Union Territories (... Rs. / ton per month).
Part 4. Assessment of factors of investment attractiveness of the market
The investment attractiveness of the market is assessed based on an analysis of a combination of factors: sales potential, demand potential, barriers, main trends, competitiveness.
… investment climate factors of the grain storage service industry dominate over … A comprehensive assessment of investment attractiveness factors is … points – … investment climate.
If we consider in the context of individual factors, then the following factors have the strongest negative impact: ...
The following factors have the strongest positive influence: ...
Part 5. Forecast for the development of the grain storage services market until 2024
...
Part 6. Conclusions on the prospects of creating enterprises in the study area and recommendations for current market operators
...
Diagrams
Diagram 1. Dynamics of the market volume of grain storage services in India, 2015-2019, billion Rs./% to the previous year
Diagram 2. The structure of the provision of elevator services in India by type of service in 2019,%
Diagram 3. The structure of the provision of elevator services in India by Union Territories in 2017-2019, %
Diagram 4. Commissioning of grain storage facilities in India, 2015-2019, thousand tons
Diagram 5. Dynamics of India's GDP, in 2015-2019, % to the previous year
Chart 6. Monthly dynamics of the US dollar against the rupee, 2015-2019, Rs. for 1 US dollar
Diagram 7. Dynamics of the gross harvest of grain and leguminous crops in India in 2013-2019, million tons /% of the previous year
Diagram 8. Dynamics of exports of grains and leguminous crops from India in 2013-2019, million tons /% of the previous year
Diagram 9. The share of exports in the production of grains and legumes in India in 2013-2019,%
Diagram 10. Dynamics of the population of India, 2015-2019, million people
Diagram 11. Dynamics of real incomes of the population of India, 2015-2019, % to the previous year
Diagram 12. Profitability of profit before tax (profit of the reporting period) in the field of grain storage services in comparison with all sectors of the Indian economy, 2015-2019, %
Diagram 13. Current liquidity (total coverage) in the field of grain storage services for 2015-2019, times
Diagram 14. Business activity (average term of receivables turnover) in the field of grain storage services, for 2015-2019, days days
Diagram 15. Financial stability (security of own working capital) in the field of grain storage services, in comparison with all sectors of the Indian economy, 2015-2019, %
Diagram 16. Shares of the largest competitors in the grain storage services market in 2019, %
Diagram 17. Dynamics of the total revenue of the largest operators of the grain storage services market (TOP-5) in India, 2015-2019 (estimate), million Rs./% to the previous year
Diagram 18. Consumption of grain storage services per capita, 2015-2019, Rs./person
Diagram 19. Price indices in the market of grain storage services in India in 2015-2019, %
Diagram 20. Forecast of the gross harvest of grains and legumes in India for the period 2020-2024, million tons /% of the previous year
Diagram 21. Forecast of export of grains and leguminous crops in India for the period 2020-2024, million tons /% of the previous year
Diagram 22. Forecast of the market volume of grain storage services in 2020-2024, billion Rs./% to the previous year
Tables
Table 1. Structure of capacities for grain storage in India as of 2018, million tons
Table 2. STEP Analysis of Factors Affecting the Grain Storage Services Market in India
Table 3. Gross margin of the grain storage services industry in comparison with all sectors of the Indian economy, 2015-2019, %
Table 4. Absolute Liquidity in the Grain Storage Services Industry Compared to All Sectors of the Indian Economy, 2015-2019, times
Table 5. Main companies participating in the grain storage services market in 2019
Table 6. Basic information about the participant XXXXXXX grain storage market
Table 7. Basic information about the participant XXXXXXX grain storage market
Table 8. Basic information about the participant XXXXXXX grain storage market
Table 9. Basic information about the participant XXXXXXX grain storage market
Table 10. Basic information about the participant XXXXXXX grain storage market
Table 11. Assessment of saturation and potential of the market for grain storage services in India for the period 2020-2024, million tons
Table 12. Average prices in the market of grain storage services in the Union Territories, Rs./ton/month
Table 13. Assessment of factors of investment attractiveness of the grain storage services market
Table 14. Major Macroeconomic Forecasts in India for 2020-2024 (growth rate, % to the previous year)
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