Southern Asia: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Southern Asia

The South Asian metal castor mounting market rose to $X in 2022, increasing by 2.1% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Metal Castor Mounting Production in Southern Asia

In value terms, metal castor mounting production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Castor Mounting Exports

Exports in Southern Asia

For the sixth consecutive year, Southern Asia recorded growth in shipments abroad of castors with mountings of base metal, which increased by 11% to X tons in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal castor mounting exports rose significantly to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India represented the major exporting country with an export of around X tons, which accounted for 82% of total exports. It was distantly followed by Sri Lanka (X tons), committing a 17% share of total exports.

India was also the fastest-growing in terms of the castors with mountings of base metal exports, with a CAGR of +21.9% from 2012 to 2022. At the same time, Sri Lanka (+2.1%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +40 percentage points.

In value terms, India ($X) remains the largest metal castor mounting supplier in Southern Asia, comprising 81% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 19% share of total exports.

In India, metal castor mounting exports increased at an average annual rate of +25.9% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by 13%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%).

Metal Castor Mounting Imports

Imports in Southern Asia

In 2022, approx. X tons of castors with mountings of base metal were imported in Southern Asia; with a decrease of -27.4% against 2021 figures. Overall, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 when imports increased by 92%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, metal castor mounting imports declined modestly to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 87%. The level of import peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

India (X tons) and Bangladesh (X tons) prevails in imports structure, together committing 86% of total imports. Pakistan (X tons) held the next position in the ranking, followed by Sri Lanka (X tons). All these countries together took near 13% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +29.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2022, with a combined 95% share of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, surging by 32% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Pakistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :