India: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2025

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in India

For the third year in a row, the Indian market for pulley tackle and hoists powered by an electric motor recorded growth in sales value, which increased by 16% to $X in 2022. The market value increased at an average annual rate of +5.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in India

In value terms, production of pulley tackle and hoists powered by an electric motor rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 27% against the previous year. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from India

In 2022, overseas shipments of pulley tackle and hoists powered by an electric motor decreased by -8.4% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 110% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 49% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units), the United States (X units) and Kuwait (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from India, together accounting for 42% of total exports. Germany, Bangladesh, Nepal, Vietnam, South Korea, Tanzania, Nigeria and Malaysia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +7,160.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Kuwait ($X) appeared to be the largest markets for pulley tackle and hoists powered by an electric motor exported from India worldwide, together comprising 56% of total exports. Germany, Bangladesh, Malaysia, Nepal, Nigeria, Vietnam, Tanzania and South Korea lagged somewhat behind, together accounting for a further 24%.

Germany, with a CAGR of +65.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, with an increase of 28% against the previous year. Overall, the export price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2013 an increase of 337% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($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 Spain (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into India

In 2022, supplies from abroad of pulley tackle and hoists powered by an electric motor increased by 81% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 158% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of pulley tackle and hoists powered by an electric motor rose rapidly to $X in 2022. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of pulley tackle and hoists powered by an electric motor to India, with a 92% share of total imports. It was followed by Germany (X units), with a 2.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and Japan (+33.2% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest pulley tackle and hoists powered by an electric motor suppliers to India, with a combined 74% share of total imports.

Japan, with a CAGR of +31.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, which is down by -39.6% against the previous year. Overall, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 4.6%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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