India: Non-Numerically Controlled Lathe Market 2025

Non-Numerically Controlled Lathe Market Size in India

After two years of growth, the Indian non-numerically controlled lathe market decreased by -62.5% to $X in 2021. In general, consumption showed a significant decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Numerically Controlled Lathe Production in India

In value terms, non-numerically controlled lathe production fell modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 1.8%. Non-numerically controlled lathe production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Numerically Controlled Lathe Exports

Exports from India

In 2021, after two years of decline, there was significant growth in overseas shipments of non-numerically controlled horizontal lathes, for removing metal, when their volume increased by 113% to X units. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 132% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, non-numerically controlled lathe exports soared to $X in 2021. In general, exports, however, showed a noticeable decrease. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for non-numerically controlled lathe exports from India, with a 56% share of total exports. Moreover, non-numerically controlled lathe exports to Spain exceeded the volume sent to the second major destination, Nepal (X units), threefold. The third position in this ranking was taken by Bangladesh (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+57.8% per year) and Bangladesh (+23.8% per year).

In value terms, Spain ($X) remains the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from India, comprising 47% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 14% share of total exports. It was followed by Nepal, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+5.8% per year) and Nepal (+26.4% per year).

Export Prices by Country

The average non-numerically controlled lathe export price stood at $X per unit in 2021, dropping by -28.6% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 25%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per unit), while the average price for exports to Nepal ($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 (-4.0%), while the prices for the other major destinations experienced a decline.

Non-Numerically Controlled Lathe Imports

Imports into India

Non-numerically controlled lathe imports into India skyrocketed to X units in 2021, with an increase of 58% compared with the previous year's figure. In general, imports continue to indicate notable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 63%. Over the period under review, non-numerically controlled laimports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled lathe imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Spain (X units) were the main suppliers of non-numerically controlled lathe imports to India, together accounting for 57% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and the United States ($X) appeared to be the largest non-numerically controlled lathe suppliers to India, together comprising 55% of total imports. Germany, Japan, Spain, South Korea, Switzerland, Canada, Taiwan (Chinese), Belgium, the UK and Singapore lagged somewhat behind, together accounting for a further 37%.

Spain, with a CAGR of +31.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-numerically controlled lathe import price stood at $X per unit in 2021, surging by 3.7% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 26%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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