India: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in India

In 2021, the Indian non-numerically controlled drilling machine market decreased by -10.3% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a perceptible descent. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in India

In value terms, non-numerically controlled drilling machine production reduced to $X in 2021 estimated in export price. In general, production, however, recorded strong growth. The growth pace was the most rapid in 2015 when the production volume increased by 72% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from India

In 2021, shipments abroad of non-numerically controlled drilling machines for working metal increased by 87% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2021. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 135% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for non-numerically controlled drilling machine exports from India, accounting for a 32% share of total exports. Moreover, non-numerically controlled drilling machine exports to the United States exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+68.3% per year) and the United Arab Emirates (+1.4% per year).

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from India, comprising 34% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by Mexico, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+72.0% per year) and Mexico (+143.1% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, growing by 5.1% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per ton), while the average price for exports to Oman ($X per ton) 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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into India

In 2021, approx. X tons of non-numerically controlled drilling machines for working metal were imported into India; flattening at 2020 figures. In general, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 62% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports amounted to $X in 2021. Overall, imports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2019 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-numerically controlled drilling machine imports to India, with a combined 61% share of total imports. These countries were followed by the United States, Finland, Japan, Italy, Turkey, the UK and Belgium, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +15.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) were the largest non-numerically controlled drilling machine suppliers to India, together accounting for 61% of total imports. The United States, Finland, Japan, Italy, Turkey, the UK and Belgium lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Belgium, with a CAGR of +14.4%, 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

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Turkey ($X per ton) and Finland ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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