India: Vices And Clamps Market 2024

Vices And Clamps Market Size in India

After two years of decline, the Indian vices and clamps market increased by 33% to $X in 2022. In general, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vices And Clamps Production in India

In value terms, vices and clamps production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Vices and clamps production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vices And Clamps Exports

Exports from India

In 2022, after three years of growth, there was significant decline in shipments abroad of vices and clamps, when their volume decreased by -61.5% to X tons. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vices and clamps exports contracted markedly to $X in 2022. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by 22%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main destinations of vices and clamps exports from India, together accounting for 36% of total exports. The United Arab Emirates, Italy, Australia, the UK, Russia, Nepal, Mexico, Sweden, Spain and Canada lagged somewhat behind, together comprising a further 37%.

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

In value terms, the United States ($X) remains the key foreign market for vices and clamps exports from India, comprising 19% of total exports. The second position in the ranking was held by France ($X), with an 8% share of total exports. It was followed by Germany, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.7% per year) and Germany (-8.3% per year).

Export Prices by Country

The average vices and clamps export price stood at $X per ton in 2022, picking up by 8.8% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 65% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into India

In 2022, overseas purchases of vices and clamps increased by 35% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, vices and clamps imports surged to $X in 2022. In general, imports, however, recorded a noticeable reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest vices and clamps supplier to India, accounting for a 39% share of total imports. Moreover, vices and clamps imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and the United States (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of vices and clamps to India, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.9% per year) and Germany (-8.1% per year).

Import Prices by Country

In 2022, the average vices and clamps import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2019 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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