India: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in India

The Indian market for pneumatic or hydraulic hand tools soared to $X in 2021, growing by 22% against the previous year. Overall, consumption, however, showed a noticeable decrease. Pneumatic or hydraulic hand tool consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in India

In value terms, pneumatic or hydraulic hand tool production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from India

In 2021, the amount of pneumatic or hydraulic hand tools exported from India soared to X tons, increasing by 40% on 2020. Overall, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% 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 2013 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 88% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for pneumatic or hydraulic hand tool exports from India, accounting for a 33% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+4.0% per year) and Belgium (-9.6% per year).

In value terms, the United States ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from India, comprising 38% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by Bhutan, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-7.5% per year) and Bhutan (+53.9% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, growing by 7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 40%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into India

In 2021, the amount of pneumatic or hydraulic hand tools imported into India surged to X tons, jumping by 34% on the previous year's figure. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by 50% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to India, accounting for a 64% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+36.7% per year) and Belgium (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to India, comprising 66% of total imports. The second position in the ranking was taken by Brazil ($X), with a 5.4% share of total imports. It was followed by Belgium, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+36.1% per year) and Belgium (+15.0% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, dropping by -1.5% against the previous year. Over the period under review, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 3.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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