India: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in India

In 2021, the Indian market for equipment for scaffolding, shuttering, propping or pit propping decreased by -10.5% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in India

In value terms, scaffolding, shuttering, and propping equipment production contracted to $X in 2021 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 26%. Scaffolding, shuttering, and propping equipment production peaked at $X in 2020, and then declined in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from India

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were exported from India; increasing by 117% against 2020. Over the period under review, exports showed resilient growth. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from India, with a combined 45% share of total exports. These countries were followed by Egypt, Germany, Poland, Saudi Arabia, Qatar, France, Ireland, Israel, Canada and Australia, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +88.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from India were the UK ($X), the United States ($X) and the United Arab Emirates ($X), with a combined 45% share of total exports. Germany, Egypt, Poland, Canada, France, Saudi Arabia, Qatar, Israel, Australia and Ireland lagged somewhat behind, together accounting for a further 36%.

Ireland, with a CAGR of +87.1%, recorded the highest rates of growth with regard to 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 equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, shrinking by -31.1% against the previous year. Over the period under review, the export price, however, showed a mild expansion. The pace of growth was the most pronounced in 2017 an increase of 46%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into India

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping imported into India surged to X tons, growing by 26% compared with 2020 figures. Overall, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of 128% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2018 when imports increased by 110% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to India, with a combined 37% share of total imports. Sweden, Spain, South Africa, the United Arab Emirates, Mexico, Australia, Bangladesh, Slovakia, Nepal and Austria lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +89.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to India were Germany ($X), Spain ($X) and China ($X), with a combined 38% share of total imports. These countries were followed by Sweden, the United Arab Emirates, South Korea, South Africa, Australia, Mexico, Slovakia, Bangladesh, Austria and Nepal, which together accounted for a further 44%.

Among the main suppliers, Sweden, with a CAGR of +78.6%, recorded the highest growth rate of 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 import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, growing by 9.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 an increase of 12%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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