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

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

After four years of growth, the Indian numerically controlled drilling machine market decreased by -9.4% to $X in 2021. Over the period under review, consumption, however, recorded a prominent expansion. Numerically controlled drilling machine consumption peaked at $X in 2020, and then fell in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in India

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 61% against the previous year. Numerically controlled drilling machine production peaked at $X in 2020, and then declined in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from India

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from India; with an increase of 2,571% against the previous year. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 3,886%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 3,000% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons) was the main destination for numerically controlled drilling machine exports from India, accounting for a 88% share of total exports. Moreover, numerically controlled drilling machine exports to Indonesia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold. Sri Lanka (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +106.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+196.7% per year) and Sri Lanka (+134.7% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from India, comprising 85% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 6.2% share of total exports. It was followed by Saudi Arabia, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +83.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+144.7% per year) and Saudi Arabia (+202.5% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, dropping by -3.8% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, numerically controlled drilling machine export price decreased by -10.1% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sri Lanka (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into India

In 2021, the amount of numerically controlled drilling machines for working metal imported into India skyrocketed to X tons, picking up by 65% compared with the previous year. In general, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 172% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 144% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Spain (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of numerically controlled drilling machine imports to India, together comprising 58% of total imports. Italy, Japan, Mexico, Switzerland, Germany and South Korea lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +71.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Taiwan (Chinese) ($X) constituted the largest numerically controlled drilling machine suppliers to India, together comprising 58% of total imports. These countries were followed by Italy, Japan, Mexico, Switzerland, Germany and South Korea, which together accounted for a further 38%.

Among the main suppliers, Switzerland, with a CAGR of +65.1%, saw the highest rates of growth with regard to 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

The average numerically controlled drilling machine import price stood at $X per ton in 2021, which is down by -4.7% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per ton) and South Korea ($X per ton), while the price for Spain ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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