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

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

The Indian non-numerically controlled sharpening machine market totaled $X in 2022, with an increase of 3.5% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.5% against 2020 indices. Non-numerically controlled sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-numerically controlled sharpening machine production totaled $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from India

Non-numerically controlled sharpening machine exports from India skyrocketed to X units in 2022, picking up by 43% against the previous year. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 125% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 162% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X units), the United States (X units) and Turkey (X units) were the main destinations of non-numerically controlled sharpening machine exports from India, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +206.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from India, comprising 33% of total exports. The second position in the ranking was taken by South Africa ($X), with a 9.7% share of total exports. It was followed by Bangladesh, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+26.3% per year) and Bangladesh (+9.0% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, reducing by -2.2% against the previous year. Over the period under review, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of 82% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($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 Bhutan (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into India

In 2022, the amount of non-numerically controlled sharpening machines for working metal imported into India was estimated at X units, remaining constant against the year before. Over the period under review, imports enjoyed a perceptible increase. The pace of growth was the most pronounced in 2021 when imports increased by 125% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, non-numerically controlled sharpening machine imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2013 with an increase of 188% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of non-numerically controlled sharpening machine imports to India, together comprising 75% of total imports. The United States, Thailand, Germany, the UK, Japan and the Netherlands lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +45.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to India, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.7% per year) and Italy (+15.2% per year).

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, with an increase of 20% against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 326% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($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 UK (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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