India: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in India

In 2022, the Indian concrete-mixer lorry market increased by 23% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a noticeable contraction. Concrete-mixer lorry consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Concrete-Mixer Lorry Production in India

In value terms, concrete-mixer lorry production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 10% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Concrete-Mixer Lorry Exports

Exports from India

In 2022, after two years of growth, there was significant decline in overseas shipments of concrete-mixer lorries, when their volume decreased by -12.6% to X units. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 124%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports reduced to $X in 2022. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 151%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X units), Nepal (X units) and Congo (X units) were the main destinations of concrete-mixer lorry exports from India, together accounting for 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +88.6%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the key foreign market for concrete-mixer lorries exports from India, comprising 54% of total exports. The second position in the ranking was taken by Nepal ($X), with a 22% share of total exports. It was followed by Congo, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand stood at +83.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+126.1% per year) and Congo (+9.7% per year).

Export Prices by Country

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, rising by 6.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 23%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Maldives ($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 Nepal (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into India

In 2022, the amount of concrete-mixer lorries imported into India surged to X units, rising by 47% on the year before. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 467% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, concrete-mixer lorry imports soared to $X in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 645%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Nepal (X units), Bangladesh (X units) and Finland (X units) were the main suppliers of concrete-mixer lorry imports to India, together accounting for 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +500.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Finland ($X) constituted the largest supplier of concrete-mixer lorries to India, comprising 88% of total imports. The second position in the ranking was held by Nepal ($X), with a 6.6% share of total imports. It was followed by Bangladesh, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Finland stood at +194.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Nepal (-19.7% per year) and Bangladesh (+1,429.2% per year).

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2022, growing by 70% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 128% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 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 Finland ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+154.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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