India: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in India

The Indian endless machinery band market totaled $X in 2021, surging by 1.7% against the previous year. Overall, consumption, however, showed a slight descent. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Endless Machinery Band Production in India

In value terms, endless machinery band production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Endless Machinery Band Exports

Exports from India

Endless machinery band exports from India reduced rapidly to X square meters in 2021, falling by -23.3% on the year before. Overall, exports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2018 when exports increased by 130% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, endless machinery band exports expanded slightly to $X in 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.9% against 2017 indices. The pace of growth was the most pronounced in 2015 when exports increased by 75% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X square meters) was the main destination for endless machinery band exports from India, accounting for a 47% share of total exports. Moreover, endless machinery band exports to Oman exceeded the volume sent to the second major destination, Indonesia (X square meters), fourfold. Malaysia (X square meters) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman stood at +197.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+15.6% per year) and Malaysia (-15.8% per year).

In value terms, Indonesia ($X) remains the key foreign market for endless machinery band exports from India, comprising 34% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-9.5% per year) and Thailand (-5.1% per year).

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2021, picking up by 35% against the previous year. In general, the export price, however, continues to indicate a mild slump. The pace of growth appeared the most rapid in 2019 an increase of 130%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Egypt ($X per square meter), while the average price for exports to Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into India

In 2021, overseas purchases of endless bands for machinery, of stainless steel decreased by -52.7% to X square meters, falling for the second consecutive year after four years of growth. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 307% against the previous year. As a result, imports reached the peak of X square meters. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, endless machinery band imports plummeted to $X in 2021. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2019 with an increase of 79% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X square meters), the Netherlands (X square meters) and Belgium (X square meters) were the main suppliers of endless machinery band imports to India, with a combined 77% share of total imports. These countries were followed by Germany, the UK and South Korea, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +12.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), the Netherlands ($X) and Belgium ($X) constituted the largest endless machinery band suppliers to India, with a combined 85% share of total imports.

Among the main suppliers, the UK, with a CAGR of +44.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, rising by 66% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+46.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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