India: Metal Washer Market 2024

Metal Washer Market Size in India

In 2021, the Indian metal washer market decreased by -0.5% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Washer Production in India

In value terms, metal washer production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Metal Washer Exports

Exports from India

Metal washer exports from India surged to X tons in 2021, increasing by 46% on the previous year's figure. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern 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.

In value terms, metal washer exports surged to $X in 2021. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 tons), the UK (X tons) and Germany (X tons) were the main destinations of metal washer exports from India, with a combined 62% share of total exports. These countries were followed by the Netherlands, Spain, Poland, Italy, France, the United Arab Emirates and Saudi Arabia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal washer exported from India were the United States ($X), Germany ($X) and the UK ($X), together comprising 59% of total exports. The Netherlands, Italy, Spain, Poland, France, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 28%.

The Netherlands, with a CAGR of +25.6%, 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

The average metal washer export price stood at $X per ton in 2021, growing by 3.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Poland (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into India

In 2021, supplies from abroad of iron or steel washers decreased by -2.8% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal washer imports surged to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and China (X tons) were the main suppliers of metal washer imports to India, with a combined 61% share of total imports. South Korea, Thailand, France, Singapore, the UK and the United States lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal washer suppliers to India were China ($X), Japan ($X) and Germany ($X), with a combined 51% share of total imports. South Korea, the United States, Singapore, the UK, France and Thailand lagged somewhat behind, together comprising a further 34%.

Singapore, with a CAGR of +20.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, growing by 59% against the previous year. Overall, the import price saw a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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