Report Update Feb 1, 2025

Southern Asia - Electrical Parts of Machinery or Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in Southern Asia

The South Asian machinery electrical parts market shrank slightly to $X in 2022, which is down by -4.1% against the previous year. In general, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Machinery Electrical Parts Production in Southern Asia

In value terms, machinery electrical parts production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Machinery Electrical Parts Exports

Exports in Southern Asia

In 2022, shipments abroad of electrical parts of machinery or apparatus increased by 983% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machinery electrical parts exports shrank to $X in 2022. Overall, exports, however, continue to indicate a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by 677%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of electrical parts of machinery or apparatus, namely Sri Lanka, represented more than two-thirds of total export.

Sri Lanka was also the fastest-growing in terms of the electrical parts of machinery or apparatus exports, with a CAGR of +90.4% from 2012 to 2022. From 2012 to 2022, the share of Sri Lanka increased by +98 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) also remains the largest machinery electrical parts supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Sri Lanka stood at +34.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, reducing by -91.9% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 92% against the previous year. The level of export peaked at $X per ton in 2021, and then shrank sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to -29.3% per year.

Machinery Electrical Parts Imports

Imports in Southern Asia

In 2022, approx. X tons of electrical parts of machinery or apparatus were imported in Southern Asia; rising by 17% on 2021 figures. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 169% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, machinery electrical parts imports reduced notably to $X in 2022. Overall, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, reaching X tons, which was approx. 94% of total imports in 2022. Bangladesh (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the electrical parts of machinery or apparatus imports, with a CAGR of -2.5% from 2012 to 2022. Bangladesh (-23.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by +29 percentage points.

In value terms, India ($X) constitutes the largest market for imported electrical parts of machinery or apparatus in Southern Asia, comprising 65% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at -17.0%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by -31.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the import price increased by 129% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($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 Bangladesh (+8.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical parts of machinery or apparatus in Southern Asia?

India constituted the country with the largest volume of machinery electrical parts consumption, comprising approx. 53% of total volume. Moreover, machinery electrical parts consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, twofold.

What are the largest producers of electrical parts of machinery or apparatus in Southern Asia?

The country with the largest volume of machinery electrical parts production was India, accounting for 53% of total volume. Moreover, machinery electrical parts production in India exceeded the figures recorded by the second-largest producer, Pakistan, twofold.

What are the leading suppliers of electrical parts of machinery or apparatus in Southern Asia?

In value terms, the largest machinery electrical parts supplying countries in Southern Asia were India, Sri Lanka and Bangladesh, with a combined 99% share of total exports.

What are the leading importers of electrical parts of machinery or apparatus in Southern Asia?

In value terms, India constitutes the largest market for imported electrical parts of machinery or apparatus in Southern Asia, comprising 78% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 9.1% share of total imports. It was followed by Bangladesh, with a 6.8% share.

What is the average export price for electrical parts of machinery or apparatus in Southern Asia?

In 2021, the machinery electrical parts export price in Southern Asia amounted to $27,689 per ton, increasing by 159% against the previous year.

What is the average import price for electrical parts of machinery or apparatus in Southern Asia?

In 2021, the machinery electrical parts import price in Southern Asia amounted to $51,420 per ton, with an increase of 15% against the previous year.

This report provides an in-depth analysis of the machinery electrical parts market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27903390 - Electrical parts of machinery or apparatus, n.e.c.

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024