India: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in India

The Indian market for in-hand motor grinders, sanders and planers surged to $X in 2021, jumping by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a prominent increase. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from India

In 2021, overseas shipments of in-hand motor grinders, sanders and planers increased by 72% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 165% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from India, accounting for a 29% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Belgium (X units), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +66.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.5% per year) and Belgium (+82.5% per year).

In value terms, the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from India were the United States ($X), Germany ($X) and Belgium ($X), with a combined 49% share of total exports. These countries were followed by Mexico, Chile, Bhutan, the UK, Colombia, the United Arab Emirates, Peru, Bangladesh, Nepal and Nigeria, which together accounted for a further 44%.

Colombia, with a CAGR of +283.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, with an increase of 7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 32%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into India

In 2021, approx. X units of in-hand motor grinders, sanders and planers were imported into India; rising by 52% on 2020 figures. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 78%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of electromechanical tools for working in the hand, with self-contained electric motor to India, accounting for a 94% share of total imports. It was followed by Thailand (X units), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+37.6% per year) and Germany (-1.7% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to India, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and Thailand (+35.7% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, falling by -4.8% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 4.7% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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