India: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in India

The Indian thread rolling machine market surged to $X in 2022, increasing by 285% against the previous year. In general, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Thread Rolling Machine Production in India

In value terms, thread rolling machine production surged to $X in 2022 estimated in export price. Over the period under review, production recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 544,979,800% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Thread Rolling Machine Exports

Exports from India

After two years of growth, overseas shipments of thread rolling machines for working metal, sintered metal carbides or cermets decreased by -42.8% to X units in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 237%. The exports peaked at X units in 2021, and then declined notably in the following year.

In value terms, thread rolling machine exports contracted to $X in 2022. Overall, exports, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 90% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X units), Papua New Guinea (X units) and Saudi Arabia (X units) were the main destinations of thread rolling machine exports from India, together comprising 54% of total exports. Algeria, Egypt, Chad, the United States and Nepal lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +59.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Saudi Arabia ($X) and Egypt ($X) constituted the largest markets for thread rolling machine exported from India worldwide, with a combined 40% share of total exports.

Saudi Arabia, with a CAGR of +27.0%, saw the highest rates of growth with regard to the value of exports, among 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 thread rolling machine export price stood at $X per unit in 2022, increasing by 65% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. Over the period under review, the average export prices hit record highs 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Chad ($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 Nepal (+6.1%), while the prices for the other major destinations experienced a decline.

Thread Rolling Machine Imports

Imports into India

In 2022, thread rolling machine imports into India surged to X units, jumping by 38% compared with 2021. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 86%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, thread rolling machine imports surged to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 204% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of thread rolling machine to India, with a 71% share of total imports. Moreover, thread rolling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.6% per year) and Japan (+54.4% per year).

In value terms, the largest thread rolling machine suppliers to India were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 83% share of total imports.

Japan, with a CAGR of +48.9%, saw the highest rates of growth with regard to 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 thread rolling machine import price stood at $X per unit in 2022, with an increase of 8.5% against the previous year. In general, the import price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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