India: Non-Electric Pulley Tackle Market 2025

Non-Electric Pulley Tackle Market Size in India

After two years of growth, the Indian non-electric pulley tackle market decreased by -0.7% to $X in 2022. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-electric pulley tackle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Electric Pulley Tackle Production in India

In value terms, non-electric pulley tackle production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Non-Electric Pulley Tackle Exports

Exports from India

In 2022, shipments abroad of pulley tackle and hoists, non-powered by electric motor increased by 5.6% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 551%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-electric pulley tackle exports soared to $X in 2022. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 321% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units), France (X units) and Spain (X units) were the main destinations of non-electric pulley tackle exports from India, with a combined 57% share of total exports. Brazil, the Netherlands, Australia, the United Arab Emirates, Italy, Singapore, Chile, China and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +111.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from India, comprising 38% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Spain, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+40.7% per year) and Spain (+42.4% per year).

Export Prices by Country

In 2022, the average non-electric pulley tackle export price amounted to $X per unit, with an increase of 13% against the previous year. In general, the export price, however, recorded a deep slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 the United States (-2.1%), while the prices for the other major destinations experienced a decline.

Non-Electric Pulley Tackle Imports

Imports into India

For the third year in a row, India recorded growth in overseas purchases of pulley tackle and hoists, non-powered by electric motor, which increased by 3.2% to X units in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 97%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric pulley tackle imports rose sharply to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 132%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of non-electric pulley tackle to India, with a 92% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+102.0% per year) and Japan (+26.9% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to India, comprising 69% of total imports. The second position in the ranking was held by Japan ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.5% per year) and Hong Kong SAR (+71.8% per year).

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2022, increasing by 5.5% against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 56%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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