India: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in India

The Indian machine-tool for removing material market skyrocketed to $X in 2021, growing by 131% against the previous year. Overall, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in India

In value terms, machine-tool for removing material production rose remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 169% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from India

Machine-tool for removing material exports from India soared to X units in 2021, surging by 114% on the year before. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X units), the UK (X units) and China (X units) were the main destinations of machine-tool for removing material exports from India, together comprising 60% of total exports. Austria, the United States, Spain, the United Arab Emirates, Zimbabwe, Australia and the Netherlands lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +97.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from India were China ($X), the UK ($X) and the United States ($X), with a combined 57% share of total exports. These countries were followed by the United Arab Emirates, Nepal, Austria, Spain, Australia, Zimbabwe and the Netherlands, which together accounted for a further 12%.

Among the main countries of destination, Spain, with a CAGR of +113.6%, recorded the highest growth rate of 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

The average machine-tool for removing material export price stood at $X per unit in 2021, with an increase of 9.2% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 86%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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 China ($X per unit), while the average price for exports to Nepal ($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 Zimbabwe (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into India

In 2021, machine-tool for removing material imports into India skyrocketed to X units, jumping by 134% compared with the previous year's figure. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports surged to $X in 2021. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to India, with a 83% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Israel (X units), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +64.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.6% per year) and Israel (+42.6% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to India, comprising 43% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.8% per year) and Germany (+7.3% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, waning by -36.4% against the previous year. Overall, the import price faced a dramatic contraction. The pace of growth appeared the most rapid in 2013 an increase of 8.5% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 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 Japan ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-9.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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