India: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in India

The Indian metal deburring machine market expanded sharply to $X in 2021, growing by 9.2% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Metal deburring machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Metal Deburring Machine Production in India

In value terms, metal deburring machine production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a mild descent. The pace of growth was the most pronounced in 2013 with an increase of 20%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Metal Deburring Machine Exports

Exports from India

Metal deburring machine exports from India skyrocketed to X units in 2021, growing by 61% against the year before. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 219%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, metal deburring machine exports skyrocketed to $X in 2021. Overall, exports continue to indicate a moderate increase. The pace of growth was the most pronounced in 2013 with an increase of 193% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nepal (X units), the United States (X units) and Sri Lanka (X units) were the main destinations of metal deburring machine exports from India, together comprising 52% of total exports. China, Hungary, the United Arab Emirates, Vietnam, North Macedonia, Namibia, Botswana, Angola, Tanzania and Canada lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +864.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for machines for deburring or polishing metal exports from India, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by Vietnam, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.9% per year) and Vietnam (+46.8% per year).

Export Prices by Country

In 2021, the average metal deburring machine export price amounted to $X per unit, dropping by -23.1% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 10%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to North Macedonia ($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 United Arab Emirates (-0.9%), while the prices for the other major destinations experienced a decline.

Metal Deburring Machine Imports

Imports into India

For the fourth year in a row, India recorded growth in overseas purchases of machines for deburring or polishing metal, which increased by 30% to X units in 2021. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 117%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, metal deburring machine imports declined to $X in 2021. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 85%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal deburring machine supplier to India, with a 81% share of total imports. Moreover, metal deburring machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was held by the UK (X units), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.0% per year) and the UK (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of machines for deburring or polishing metal to India, comprising 51% of total imports. The second position in the ranking was taken by Japan ($X), with a 4.4% share of total imports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-25.2% per year) and the United States (-11.2% per year).

Import Prices by Country

In 2021, the average metal deburring machine import price amounted to $X per unit, dropping by -32% against the previous year. Overall, the import price saw a dramatic decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 1.6%. 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, the country with the highest price was Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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