India: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in India

The Indian non-hydraulic press market shrank rapidly to $X in 2021, declining by -30.5% against the previous year. In general, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Hydraulic Press Production in India

In value terms, non-hydraulic press production declined sharply to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 158%. Non-hydraulic press production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Hydraulic Press Exports

Exports from India

In 2021, approx. X units of non-hydraulic presses for working metal were exported from India; picking up by 61% against the year before. In general, exports saw resilient growth. The growth pace was the most rapid in 2019 when exports increased by 99.9%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, non-hydraulic press exports soared to $X in 2021. Overall, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 51%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Nepal (X units) and Germany (X units) were the main destinations of non-hydraulic press exports from India, together comprising 49% of total exports. These countries were followed by Serbia, Kenya, Sri Lanka, Nigeria, Vietnam, Thailand, South Africa, Spain, Canada and the United Arab Emirates, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +251.9%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United States ($X) and Spain ($X) appeared to be the largest markets for non-hydraulic press exported from India worldwide, together accounting for 37% of total exports. Nepal, Vietnam, Germany, Kenya, South Africa, the United Arab Emirates, Nigeria, Sri Lanka, Canada and Serbia lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, South Africa, with a CAGR of +45.9%, 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 non-hydraulic press export price stood at $X per unit in 2021, with a decrease of -22.1% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Serbia ($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 (-4.1%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into India

In 2021, approx. X units of non-hydraulic presses for working metal were imported into India; increasing by 39% on 2020 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 85% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-hydraulic press imports amounted to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 61%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-hydraulic press supplier to India, with a 69% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The third position in this ranking was taken by Japan (X units), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.5% per year) and Japan (-22.8% per year).

In value terms, China ($X) constituted the largest supplier of non-hydraulic presses for working metal to India, comprising 34% of total imports. The second position in the ranking was taken by Russia ($X), with a 12% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+25.5% per year) and Japan (-22.0% per year).

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, with a decrease of -23.5% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Russia ($X per unit), while the price for China ($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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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