Southern Asia: Metal Hammer Market 2025

Metal Hammer Market Size in Southern Asia

In 2022, the South Asian metal hammer market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.8% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Hammer Production in Southern Asia

In value terms, metal hammer production reached $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 28%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Metal Hammer Exports

Exports in Southern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of hammers and sledge hammers with working part of metal, when their volume decreased by -37.7% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 298%. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, metal hammer exports dropped modestly to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 95% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

The biggest shipments were from India (X tons), together accounting for 100% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of hammers and sledge hammers with working part of metal. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +8.2%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by 58% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 154% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 2022, the rate of growth in terms of prices for India amounted to +7.3% per year.

Metal Hammer Imports

Imports in Southern Asia

Metal hammer imports shrank notably to X tons in 2022, falling by -19.7% on 2021 figures. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, metal hammer imports declined markedly to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, Bangladesh (X tons) represented the largest importer of hammers and sledge hammers with working part of metal, generating 59% of total imports. It was distantly followed by India (X tons), Nepal (X tons), Pakistan (X tons) and Sri Lanka (X tons), together comprising a 39% share of total imports.

Imports into Bangladesh increased at an average annual rate of +3.8% from 2012 to 2022. At the same time, India (+13.7%), Nepal (+7.3%) and Pakistan (+6.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.7% from 2012-2022. By contrast, Sri Lanka (-12.3%) illustrated a downward trend over the same period. While the share of India (+11 p.p.), Bangladesh (+3.2 p.p.), Nepal (+2.8 p.p.) and Pakistan (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-19.3 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported hammers and sledge hammers with working part of metal in Southern Asia, comprising 45% of total imports. The second position in the ranking was taken by India ($X), with a 20% share of total imports. It was followed by Nepal, with a 16% share.

In Bangladesh, metal hammer imports increased at an average annual rate of +5.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+3.9% per year) and Nepal (+10.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by -9.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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