Southern Asia: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in Southern Asia

The South Asian appliance part brush market expanded remarkably to $X in 2022, surging by 7.7% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Appliance Part Brush Production in Southern Asia

In value terms, appliance part brush production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 49% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Appliance Part Brush Exports

Exports in Southern Asia

In 2022, approx. X units of brushes constituting parts of appliances were exported in Southern Asia; jumping by 42% against the year before. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 50%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, appliance part brush exports surged to $X in 2022. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 49%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from India (X units), together amounting to 99% of total export.

India was also the fastest-growing in terms of the brushes constituting parts of appliances exports, with a CAGR of +9.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest appliance part brush supplier in Southern Asia.

In India, appliance part brush exports increased at an average annual rate of +10.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by -12.6% against the previous year. In general, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2020 an increase of 7.2%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.9% per year.

Appliance Part Brush Imports

Imports in Southern Asia

In 2022, the amount of brushes constituting parts of appliances imported in Southern Asia expanded significantly to X units, with an increase of 6.1% on the year before. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, appliance part brush imports expanded remarkably to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, India (X units) represented the key importer of brushes constituting parts of appliances, committing 67% of total imports. Bangladesh (X units) ranks second in terms of the total imports with a 24% share, followed by Sri Lanka (5.5%). The following importers - Pakistan (X units) and Nepal (X units) - each amounted to a 3.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to appliance part brush imports into India stood at +9.6%. At the same time, Bangladesh (+38.1%) and Nepal (+20.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +38.1% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, Pakistan (-7.5%) illustrated a downward trend over the same period. While the share of Bangladesh (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-3.2 p.p.), Pakistan (-9.3 p.p.) and Sri Lanka (-9.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported brushes constituting parts of appliances in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 15% share of total imports. It was followed by Sri Lanka, with a 6.1% share.

In India, appliance part brush imports increased at an average annual rate of +9.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+31.7% per year) and Sri Lanka (-0.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, increasing by 6.4% against the previous year. In general, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 9.6% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+0.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :