India: Teleferics And Chair-Lifts Market 2024

Teleferics And Chair-Lifts Market Size in India

The Indian teleferics and chair-lifts market rose slightly to $X in 2022, surging by 4.3% against the previous year. In general, consumption enjoyed a moderate increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Teleferics And Chair-Lifts Production in India

In value terms, teleferics and chair-lifts production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 41%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Teleferics And Chair-Lifts Exports

Exports from India

Teleferics and chair-lifts exports from India surged to X units in 2022, increasing by 100% compared with 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, teleferics and chair-lifts exports skyrocketed to $X in 2022. Overall, exports showed prominent growth. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Nepal (X units) was the main destination for teleferics and chair-lifts exports from India, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Nepal was relatively modest.

In value terms, Nepal ($X) emerged as the key foreign market for teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars exports from India, comprising 75% of total exports. The second position in the ranking was taken by the UK ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Nepal amounted to +86.5%.

Export Prices by Country

In 2022, the average teleferics and chair-lifts export price amounted to $X per unit, with an increase of 42% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per unit), while the average price for exports to Saudi Arabia ($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 Arab Emirates (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Teleferics And Chair-Lifts Imports

Imports into India

For the third consecutive year, India recorded growth in overseas purchases of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, which increased by 50% to X units in 2022. Over the period under review, imports enjoyed temperate growth. The growth pace was the most rapid in 2016 with an increase of 1,100%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, teleferics and chair-lifts imports soared to $X in 2022. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 757% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X units), the UK (X units) and China (X units) were the main suppliers of teleferics and chair-lifts imports to India.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and the Netherlands ($X) constituted the largest teleferics and chair-lifts suppliers to India, with a combined 85% share of total imports.

The UK, with a CAGR of +28.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average teleferics and chair-lifts import price stood at $X per unit in 2022, rising by 37% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, teleferics and chair-lifts import price increased by +110.6% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 63%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11,186.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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