India: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in India

In 2022, the Indian cable-making machine market increased by X% to $X for the first time since 2016, thus ending a five-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Cable-making machine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Cable-Making Machine Production in India

In value terms, cable-making machine production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Cable-Making Machine Exports

Exports from India

In 2022, the amount of rope or cable-making machines exported from India declined sharply to X units, which is down by X% against the previous year. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, cable-making machine exports shrank slightly to $X in 2022. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

The United States (X units), South Africa (X units) and Nepal (X units) were the main destinations of cable-making machine exports from India, with a combined X% share of total exports. Italy, Egypt, Bangladesh, Tanzania and Kenya lagged somewhat behind, together comprising a further X%.

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

In value terms, Bangladesh ($X), the United States ($X) and Egypt ($X) were the largest markets for cable-making machine exported from India worldwide, together comprising X% of total exports. South Africa, Tanzania, Nepal, Italy and Kenya lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average cable-making machine export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Italy ($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 Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cable-Making Machine Imports

Imports into India

In 2022, the amount of rope or cable-making machines imported into India surged to X units, growing by X% on the year before. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cable-making machine imports soared to $X in 2022. Over the period under review, imports recorded buoyant growth. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of cable-making machine to India, with a X% share of total imports. Moreover, cable-making machine imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sixfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of rope or cable-making machines to India, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average cable-making machine import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Austria ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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