Southern Asia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Southern Asia

In 2021, the South Asian market for equipment for scaffolding, shuttering, propping or pit propping decreased by -9.6% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Southern Asia

In value terms, scaffolding, shuttering, and propping equipment production declined to $X in 2021 estimated in export price. Overall, production, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 23% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in Southern Asia

In 2021, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were exported in Southern Asia; rising by 114% against the year before. In general, exports recorded a remarkable increase. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of equipment for scaffolding, shuttering, propping or pit propping, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the equipment for scaffolding, shuttering, propping or pit propping exports, with a CAGR of +7.0% from 2012 to 2021. While the share of India (+1.9 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 scaffolding, shuttering, and propping equipment supplier in Southern Asia.

In India, scaffolding, shuttering, and propping equipment exports expanded at an average annual rate of +8.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, reducing by -30.6% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scaffolding, shuttering, and propping equipment export price decreased by -34.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by 46% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 +1.0% per year.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in Southern Asia

Scaffolding, shuttering, and propping equipment imports soared to X tons in 2021, with an increase of 17% compared with 2020. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports rose notably to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Bangladesh was the main importing country with an import of around X tons, which resulted at 47% of total imports. India (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (19%) and Pakistan (7.2%). The following importers - Maldives (X tons) and Nepal (X tons) - each resulted at a 4.4% share of total imports.

Bangladesh was also the fastest-growing in terms of the equipment for scaffolding, shuttering, propping or pit propping imports, with a CAGR of +30.0% from 2012 to 2021. At the same time, Maldives (+16.5%) and Nepal (+15.1%) displayed positive paces of growth. By contrast, India (-1.8%), Pakistan (-3.2%) and Sri Lanka (-3.5%) illustrated a downward trend over the same period. Bangladesh (+41 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, India and Sri Lanka saw its share reduced by -5.9%, -13.7% and -16.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest scaffolding, shuttering, and propping equipment importing markets in Southern Asia were Bangladesh ($X), India ($X) and Sri Lanka ($X), together comprising 91% of total imports.

In terms of the main importing countries, Bangladesh, with a CAGR of +35.0%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, which is down by -4.4% against the previous year. In general, the import price recorded a mild descent. The pace of growth was the most pronounced in 2018 when the import price increased by 31%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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