India: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in India

The Indian metal threading machine market skyrocketed to $X in 2021, jumping by 84% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a abrupt decrease. Metal threading machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Threading Machine Exports

Exports from India

In 2021, shipments abroad of threading or tapping machines for working metal decreased by -12% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 60% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal threading machine exports surged to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), the Philippines (X units) and Indonesia (X units) were the main destinations of metal threading machine exports from India, together accounting for 56% of total exports. Belgium, Kuwait, Nepal, the United States, the UK, Algeria and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +100.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal threading machine exported from India were the Philippines ($X), Indonesia ($X) and Belgium ($X), with a combined 50% share of total exports. Kuwait, Nepal, the United States, the United Arab Emirates, the UK, Algeria and Saudi Arabia lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, the UK, with a CAGR of +139.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, increasing by 124% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into India

In 2021, the amount of threading or tapping machines for working metal imported into India skyrocketed to X units, rising by 90% against the year before. In general, imports, however, recorded a deep reduction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal threading machine imports surged to $X in 2021. Overall, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of metal threading machine imports to India, together accounting for 69% of total imports. South Korea, Thailand, Vietnam, the United States and Germany lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +275.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal threading machine suppliers to India were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 69% of total imports. South Korea, Thailand, Vietnam, the United States and Germany lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Vietnam, with a CAGR of +270.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, which is down by -28.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 an increase of 42%. As a result, import price reached the peak level of $X per unit, and then declined notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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