India: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in India

The Indian machine-tool for drilling market was estimated at $X in 2022, with an increase of 13% against the previous year. Overall, consumption showed buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Machine-Tool For Drilling Production in India

In value terms, machine-tool for drilling production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 29%. Machine-tool for drilling production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports from India

In 2022, after four years of growth, there was significant decline in shipments abroad of machine-tools for drilling, boring or milling metal, when their volume decreased by -44.8% to X units. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then declined rapidly in the following year.

In value terms, machine-tool for drilling exports dropped remarkably to $X in 2022. In general, exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Nepal (X units) and Maldives (X units) were the main destinations of machine-tool for drilling exports from India, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of +92.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from India, comprising 36% of total exports. The second position in the ranking was held by Germany ($X), with a 7.9% share of total exports. It was followed by the United Arab Emirates, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.0% per year) and the United Arab Emirates (-1.6% per year).

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, jumping by 46% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+1.0%), while the prices for the other major destinations experienced a decline.

Machine-Tool For Drilling Imports

Imports into India

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported into India; jumping by 60% on the previous year. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, machine-tool for drilling imports soared to $X in 2022. Overall, imports, however, showed a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to India, accounting for a 68% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Maldives (X units), sevenfold. The third position in this ranking was taken by Bhutan (X units), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Maldives (0.0% per year) and Bhutan (+568.7% per year).

In value terms, the largest machine-tool for drilling suppliers to India were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 53% of total imports. Italy, Japan, the United States, the UK, France, Maldives and Bhutan lagged somewhat behind, together accounting for a further 24%.

Bhutan, with a CAGR of +249.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average machine-tool for drilling import price amounted to $X per unit, falling by -12.7% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 7.1%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Bhutan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :