Southern Asia: Concrete Pump Market 2024

Concrete Pump Market Size in Southern Asia

In 2021, the South Asian concrete pump market decreased by -1.8% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Concrete Pump Production in Southern Asia

In value terms, concrete pump production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2016 with an increase of 3.7% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Concrete Pump Exports

Exports in Southern Asia

After two years of decline, overseas shipments of concrete pumps increased by 218% to X units in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 325% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, concrete pump exports soared to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 102%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

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 concrete pumps exports, with a CAGR of +21.4% from 2012 to 2021. While the share of India (+4.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest concrete pump supplier in Southern Asia.

In India, concrete pump exports increased at an average annual rate of +9.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, shrinking by -54.7% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the export price increased by 56%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -10.2% per year.

Concrete Pump Imports

Imports in Southern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of concrete pumps, when their volume increased by 88% to X units. In general, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 233%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, concrete pump imports surged to $X in 2021. Overall, imports recorded measured growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X units) represented the major importer of concrete pumps, mixing up 57% of total imports. Pakistan (X units) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (7.5%) and Bangladesh (4.7%). Sri Lanka (X units) and Bhutan (X units) held a relatively small share of total imports.

Imports into India decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, Bhutan (+36.1%), Nepal (+17.1%) and Bangladesh (+4.6%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +36.1% from 2012-2021. By contrast, Pakistan (-3.6%) and Sri Lanka (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nepal, Bangladesh and Bhutan increased by +6.1, +2.3 and +1.8 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported concrete pumps in Southern Asia, comprising 52% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 23% share of total imports. It was followed by Nepal, with an 11% share.

In India, concrete pump imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+11.8% per year) and Nepal (+14.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, increasing by 10% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2019 when the import price increased by 122%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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