Southern Asia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Southern Asia

The South Asian wood drilling machine market reached $X in 2021, with an increase of 10% against the previous year. In general, consumption recorded a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in Southern Asia

In value terms, wood drilling machine production totaled $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 106%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Drilling Machine Exports

Exports in Southern Asia

In 2021, overseas shipments of drilling or morticing machines decreased by -43.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a moderate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 234% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports expanded to $X in 2021. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by 324%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India was the key exporter of drilling or morticing machines in Southern Asia, with the volume of exports amounting to X units, which was near 78% of total exports in 2021. Pakistan (X units) ranks second in terms of the total exports with an 11% share, followed by Nepal (10%).

India experienced a relatively flat trend pattern with regard to volume of exports of drilling or morticing machines. At the same time, Pakistan (+47.5%) and Nepal (+36.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +47.5% from 2012-2021. From 2012 to 2021, the share of Pakistan and Nepal increased by +11 and +9.7 percentage points, respectively.

In value terms, India ($X) remains the largest wood drilling machine supplier in Southern Asia, comprising 84% of total exports. The second position in the ranking was taken by Nepal ($X), with a 15% share of total exports.

In India, wood drilling machine exports contracted by an average annual rate of -10.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nepal (+25.0% per year) and Pakistan (+18.5% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, increasing by 83% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when the export price increased by 129%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (-8.6%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in Southern Asia

After two years of decline, overseas purchases of drilling or morticing machines increased by 82% to X units in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 148%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports soared to $X in 2021. Over the period under review, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 124% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India dominates imports structure, recording X units, which was near 88% of total imports in 2021. It was distantly followed by Nepal (X units), achieving a 7.7% share of total imports. Sri Lanka (X units) held a relatively small share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of drilling or morticing machines. At the same time, Nepal (+51.3%) and Sri Lanka (+13.0%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +51.3% from 2012-2021. While the share of Nepal (+7.6 p.p.) and Sri Lanka (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-8.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported drilling or morticing machines in Southern Asia, comprising 86% of total imports. The second position in the ranking was held by Nepal ($X), with a 4.5% share of total imports.

In India, wood drilling machine imports shrank by an average annual rate of -1.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nepal (+21.5% per year) and Sri Lanka (-6.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, surging by 4.9% against the previous year. In general, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2019 when the import price increased by 97%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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