India: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in India

In 2021, the Indian lathe for removing metal market increased by 5.6% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, faced a abrupt decrease. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Lathes For Removing Metal in India

In value terms, lathe for removing metal production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. Over the period under review, lafor removing metal production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Lathes For Removing Metal

Exports from India

In 2021, the amount of lathes for removing metal exported from India soared to X units, with an increase of 23% on 2020 figures. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 57% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, lathe for removing metal exports expanded sharply to $X in 2021. In general, exports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 40% against the previous year. Over the period under review, the lafor removing metal exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for lathe for removing metal exports from India, with a 24% share of total exports. Moreover, lathe for removing metal exports to Spain exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Bangladesh (X units), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.8% per year) and Bangladesh (-3.8% per year).

In value terms, the largest markets for lathe for removing metal exported from India were Spain ($X), Germany ($X) and China ($X), together accounting for 28% of total exports. These countries were followed by Bangladesh, Nepal, Hong Kong SAR, Gabon, the United States, Romania and the UK, which together accounted for a further 16%.

Among the main countries of destination, Romania, with a CAGR of +94.5%, saw the highest rates of growth with regard to the value of exports, 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 lathe for removing metal export price amounted to $X per unit, reducing by -8.3% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lathe for removing metal export price decreased by -13.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Romania ($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 the UK (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into India

In 2021, lathe for removing metal imports into India skyrocketed to X units, increasing by 63% on the year before. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, lathe for removing metal imports skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Over the period under review, lafor removing metal imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest lathe for removing metal supplier to India, accounting for a 32% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.6% per year) and the UK (+3.9% per year).

In value terms, the largest lathe for removing metal suppliers to India were Japan ($X), South Korea ($X) and China ($X), together comprising 45% of total imports. These countries were followed by Taiwan (Chinese), Italy, the United States, Germany, Singapore, Thailand, the UK, Canada and the Netherlands, which together accounted for a further 46%.

Among the main suppliers, Thailand, with a CAGR of +11.6%, saw 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

In 2021, the average lathe for removing metal import price amounted to $X per unit, falling by -22.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 31%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 South Korea ($X per unit), while the price for the UK ($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 (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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