Southern Asia: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Southern Asia

In 2021, the South Asian hydraulic automatic regulators market decreased by -0.8% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then dropped slightly in the following year.

Hydraulic Automatic Regulators Production in Southern Asia

In value terms, hydraulic automatic regulators production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Hydraulic Automatic Regulators Exports

Exports in Southern Asia

In 2021, overseas shipments of hydraulic or pneumatic automatic regulating instruments were finally on the rise to reach X units after three years of decline. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 956%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic automatic regulators exports surged to $X in 2021. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 338% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India was the major exporting country with an export of about X units, which resulted at 85% of total exports. It was distantly followed by Bangladesh (X units), constituting an 11% share of total exports. Afghanistan (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to hydraulic automatic regulators exports from India stood at +30.0%. At the same time, Bangladesh (+40.2%) and Afghanistan (+11.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +40.2% from 2012-2021. While the share of India (+53 p.p.) and Bangladesh (+9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest hydraulic automatic regulators supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +9.4%. In the other countries, the average annual rates were as follows: Bangladesh (+15.4% per year) and Afghanistan (+24.8% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, jumping by 17% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when the export price increased by 1,202%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+11.6%), while the other leaders experienced a decline in the export price figures.

Hydraulic Automatic Regulators Imports

Imports in Southern Asia

In 2021, supplies from abroad of hydraulic or pneumatic automatic regulating instruments increased by 70% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 159%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic automatic regulators imports soared to $X in 2021. In general, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Bangladesh was the major importing country with an import of around X units, which accounted for 64% of total imports. It was distantly followed by India (X units), achieving a 28% share of total imports. Pakistan (X units), Sri Lanka (X units) and Afghanistan (X units) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the hydraulic or pneumatic automatic regulating instruments imports, with a CAGR of +22.9% from 2012 to 2021. At the same time, Afghanistan (+13.6%) and Sri Lanka (+6.1%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, India (-3.6%) illustrated a downward trend over the same period. Bangladesh (+46 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and India saw its share reduced by -2.8% and -43.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported hydraulic or pneumatic automatic regulating instruments in Southern Asia, comprising 79% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 15% share of total imports. It was followed by Pakistan, with a 4.2% share.

In India, hydraulic automatic regulators imports declined by an average annual rate of -2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+9.1% per year) and Pakistan (+1.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, dropping by -24.4% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 164%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Sri Lanka (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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