Southern Asia: Gear Cutting Machine Market 2025

Gear Cutting Machine Market Size in Southern Asia

In 2021, the South Asian gear cutting machine market decreased by -29.7% to $X, falling for the third year in a row after seven years of growth. Overall, consumption, however, saw a abrupt decrease. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in Southern Asia

In value terms, gear cutting machine production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 193% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Gear Cutting Machine Exports

Exports in Southern Asia

In 2021, overseas shipments of gear cutting, gear grinding or gear finishing machines increased by 165% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of 308%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gear cutting machine exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of 237% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 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 gear cutting, gear grinding or gear finishing machines exports, with a CAGR of -21.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest gear cutting machine supplier in Southern Asia.

In India, gear cutting machine exports declined by an average annual rate of -6.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, falling by -13% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the export price increased by 328% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 +19.6% per year.

Gear Cutting Machine Imports

Imports in Southern Asia

In 2021, supplies from abroad of gear cutting, gear grinding or gear finishing machines increased by 55% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 291% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, gear cutting machine imports shrank slightly to $X in 2021. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 92%. 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

India represented the largest importer of gear cutting, gear grinding or gear finishing machines in Southern Asia, with the volume of imports recording X units, which was near 61% of total imports in 2021. Afghanistan (X units) ranks second in terms of the total imports with a 20% share, followed by Pakistan (9.8%) and Sri Lanka (6%).

From 2012 to 2021, average annual rates of growth with regard to gear cutting machine imports into India stood at -3.0%. At the same time, Afghanistan (+84.4%) and Sri Lanka (+27.0%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +84.4% from 2012-2021. By contrast, Pakistan (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Afghanistan and Sri Lanka increased by +20 and +5.3 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in Southern Asia, comprising 97% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 2% share of total imports. It was followed by Sri Lanka, with a 0.4% share.

In India, gear cutting machine imports plunged by an average annual rate of -6.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+3.9% per year) and Sri Lanka (+19.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, dropping by -37.7% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when the import price increased by 334%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the 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 ($X per unit), while Afghanistan ($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 (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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