India: Wheeled Loader Market 2024

Wheeled Loader Market Size in India

The Indian wheeled loader market shrank to $X in 2021, with a decrease of -6.6% against the previous year. In general, consumption saw a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wheeled Loader Production in India

In value terms, wheeled loader production declined slightly to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Wheeled Loader Exports

Exports from India

In 2021, exports of wheeled loaders, crawler shovel loaders, front-end loaders from India soared to X units, rising by 43% against 2020 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 208% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, wheeled loader exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 124%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units), Australia (X units) and Russia (X units) were the main destinations of wheeled loader exports from India, together accounting for 36% of total exports. These countries were followed by Saudi Arabia, Sri Lanka, Italy, the United Arab Emirates, Brazil, Chile, South Africa, Qatar, Argentina and Belgium, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +156.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheeled loader exported from India were the United States ($X), Australia ($X) and the United Arab Emirates ($X), with a combined 34% share of total exports. Russia, Saudi Arabia, Sri Lanka, Italy, Brazil, Chile, South Africa, Belgium, Qatar and Argentina lagged somewhat behind, together accounting for a further 38%.

Italy, with a CAGR of +409.9%, saw the highest growth rate of 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 wheeled loader export price stood at $X per unit in 2021, approximately equating the previous year. In general, the export price, however, saw a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 17% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Chile ($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 Argentina (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Wheeled Loader Imports

Imports into India

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported into India skyrocketed to X units, increasing by 69% compared with the previous year. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 247%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, wheeled loader imports soared to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 112%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to India, accounting for a 71% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Sweden (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+121.2% per year) and Sweden (+33.0% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to India, comprising 47% of total imports. The second position in the ranking was taken by Sweden ($X), with a 9.3% share of total imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +25.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+20.3% per year) and the United States (+38.3% per year).

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, with an increase of 21% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of 77%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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