India: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in India

The Indian construction equipment blade market shrank to $X in 2022, dropping by -5.7% against the previous year. In general, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Construction Equipment Blade Production in India

In value terms, construction equipment blade production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Construction Equipment Blade Exports

Exports from India

Construction equipment blade exports from India skyrocketed to X units in 2022, increasing by 81% on the year before. In general, exports recorded perceptible growth. The growth pace was the most rapid in 2014 when exports increased by 196%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, construction equipment blade exports soared to $X in 2022. Over the period under review, exports continue to indicate a notable increase. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Venezuela (X units) and Kenya (X units) were the main destinations of construction equipment blade exports from India, with a combined 50% share of total exports. The United States, Cameroon, Ethiopia, Togo, South Africa, the UK, Sierra Leone, Mali, Malaysia and Saudi Arabia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of +1,300.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for construction equipment blade exported from India were Kenya ($X), Cameroon ($X) and Venezuela ($X), with a combined 58% share of total exports.

Among the main countries of destination, Cameroon, with a CAGR of +12,452.9%, recorded the highest growth rate of 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 2022, the average construction equipment blade export price amounted to $X per unit, increasing by 34% against the previous year. Overall, the export price showed a modest increase. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+831.3%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into India

Construction equipment blade imports into India surged to X units in 2022, rising by 39% on 2021 figures. In general, imports, however, continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2018 with an increase of 118%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, construction equipment blade imports soared to $X in 2022. Overall, imports, however, continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 166%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X units), China (X units) and Italy (X units) were the main suppliers of construction equipment blade imports to India, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +79.8%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of blades for construction equipment to India, comprising 55% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.0% per year) and Italy (-42.3% per year).

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, falling by -7% against the previous year. Over the period under review, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 117% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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