India: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in India

The Indian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels dropped to $X in 2021, reducing by -11.8% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in India

In value terms, grease fittings and oil seals production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Grease fittings and oil seals production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from India

In 2021, grease fittings and oil seals exports from India surged to X units, jumping by 82% on the previous year. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of grease fittings and oil seals exports from India, with a combined 58% share of total exports. Oman, Australia, Turkey, the UK, Saudi Arabia, the Netherlands, Denmark, Israel, France and Egypt lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +53.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for grease fittings and oil seals exports from India, comprising 37% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.3% share of total exports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.1% per year) and the United Arab Emirates (+22.5% per year).

Export Prices by Country

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, with an increase of 42% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Israel ($X per unit), while the average price for exports to Saudi Arabia ($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 States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into India

Grease fittings and oil seals imports into India shrank notably to X units in 2021, waning by -61% on the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 190% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, grease fittings and oil seals imports contracted sharply to $X in 2021. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by 101% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest grease fittings and oil seals supplier to India, with a 41% share of total imports. Moreover, grease fittings and oil seals imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Italy (X units), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.2% per year) and Italy (-7.3% per year).

In value terms, the largest grease fittings and oil seals suppliers to India were Germany ($X), Japan ($X) and the United States ($X), together accounting for 39% of total imports. France, China, South Korea, Italy, the Netherlands, Belgium, the United Arab Emirates, Spain and the UK lagged somewhat behind, together comprising a further 45%.

Spain, with a CAGR of +35.3%, recorded the highest growth rate of the value of imports, among 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 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, surging by 25% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 98%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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