India: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in India

In 2022, the Indian market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids increased by 11% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate pronounced growth. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in India

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids contracted slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports from India

In 2022, approx. X units of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were exported from India; almost unchanged from the year before. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids expanded markedly to $X in 2022. Overall, exports, however, showed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 51% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X units), the United States (X units) and the United Arab Emirates (X units) were the main destinations of exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from India, together accounting for 46% of total exports. Bangladesh, Romania, Bhutan, Kenya, Tanzania, Australia, Oman, Malaysia, the UK and Ghana lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +96.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Nepal ($X) and Australia ($X) appeared to be the largest markets for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids exported from India worldwide, with a combined 24% share of total exports. The UK, Bangladesh, Bhutan, Tanzania, Kenya, Ghana, the United Arab Emirates, Romania, Malaysia and Oman lagged somewhat behind, together accounting for a further 24%.

Romania, with a CAGR of +57.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids stood at $X per unit in 2022, surging by 15% against the previous year. In general, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 an increase of 31% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 the UK (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports into India

In 2022, approx. X units of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids were imported into India; with an increase of 32% compared with the previous year. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 139%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids surged to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. 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 supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to India, accounting for a 87% share of total imports. Moreover, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.3% per year) and Germany (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids to India, comprising 54% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total imports. It was followed by Germany, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.2% per year) and Germany (-7.9% per year).

Import Prices by Country

In 2022, the average import price for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids amounted to $X per unit, rising by 25% against the previous year. In general, the import price, however, faced a abrupt slump. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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