India: Metal Treating Machine Market 2024

Metal Treating Machine Market Size in India

In 2022, the Indian metal treating machine market increased by X% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Metal Treating Machine Production in India

In value terms, metal treating machine production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Metal Treating Machine Exports

Exports from India

After three years of growth, shipments abroad of machines for treating metal, having individual functions decreased by X% to X units in 2022. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell notably in the following year.

In value terms, metal treating machine exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Bangladesh (X units), the United States (X units) and Nepal (X units) were the main destinations of metal treating machine exports from India, with a combined X% share of total exports. Germany, Thailand, Ecuador, Tanzania, Japan, Mexico, Poland and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Nepal ($X) and the United States ($X) constituted the largest markets for metal treating machine exported from India worldwide, together accounting for X% of total exports. Tanzania, Thailand, Germany, Ecuador, Mexico, Poland, Japan and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 treating machine export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Japan ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Treating Machine Imports

Imports into India

In 2022, the amount of machines for treating metal, having individual functions imported into India soared to X units, rising by X% against the previous year's figure. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal treating machine imports surged to $X in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal treating machine to India, accounting for a X% share of total imports. Moreover, metal treating machine imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), fivefold. The third position in this ranking was held by Belgium (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Belgium (X% per year).

In value terms, China ($X), Austria ($X) and Belgium ($X) appeared to be the largest metal treating machine suppliers to India, with a combined X% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of X%, 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

The average metal treating machine import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, showed a significant decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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