India: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in India

The Indian gouges and chisels market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, continues to indicate a deep slump. Gouges and chisels consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Gouges And Chisels Production in India

In value terms, gouges and chisels production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of 18%. Gouges and chisels production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Gouges And Chisels Exports

Exports from India

In 2022, after three years of growth, there was significant decline in overseas shipments of planes, chisels and gouges for working wood, when their volume decreased by -12.4% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 146% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, gouges and chisels exports fell sharply to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for gouges and chisels exports from India, accounting for a 41% share of total exports. Moreover, gouges and chisels exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.1% per year) and the United Arab Emirates (-2.0% per year).

In value terms, the largest markets for gouges and chisels exported from India were the United States ($X), the UK ($X) and the United Arab Emirates ($X), together comprising 59% of total exports. Germany, Brazil, Nigeria, South Africa, Mexico, Saudi Arabia, Italy and Egypt lagged somewhat behind, together accounting for a further 16%.

Among the main countries of destination, Germany, with a CAGR of +16.1%, 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 gouges and chisels export price stood at $X per ton in 2022, shrinking by -17.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into India

For the fifth year in a row, India recorded growth in purchases abroad of planes, chisels and gouges for working wood, which increased by 13% to X tons in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 204%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, gouges and chisels imports soared to $X in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main gouges and chisels supplier to India, accounting for a 94% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.5% per year) and Germany (-45.9% per year).

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to India, comprising 94% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.6% per year) and Germany (-41.9% per year).

Import Prices by Country

In 2022, the average gouges and chisels import price amounted to $X per ton, picking up by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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