Southern Asia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Southern Asia

The South Asian machine-tool for working metal market shrank to $X in 2021, declining by -14.6% against the previous year. Overall, consumption faced a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in Southern Asia

In value terms, machine-tool for working metal production reached $X in 2021 estimated in export price. In general, production showed a deep slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports in Southern Asia

After three years of decline, overseas shipments of machine tools for working metal increased by 84% to X units in 2021. In general, exports, however, saw a pronounced setback. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports surged to $X in 2021. Overall, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2015 when exports increased by 53%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, finishing at X units, which was approx. 96% of total exports in 2021. Pakistan (X units) held a relatively small share of total exports.

Exports from India decreased at an average annual rate of -3.4% from 2012 to 2021. Pakistan (-1.9%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest machine-tool for working metal supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -1.5%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, dropping by -33.2% against the previous year. Over the period under review, the export price, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2016 when the export price increased by 94% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 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 Pakistan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.9%).

Imports of Machine Tools For Working Metal

Imports in Southern Asia

In 2021, purchases abroad of machine tools for working metal was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, saw a perceptible shrinkage. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2021. In general, imports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of 57%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, resulting at X units, which was approx. 79% of total imports in 2021. Pakistan (X units) took the second position in the ranking, followed by Bangladesh (X units) and Sri Lanka (X units). All these countries together held approx. 19% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working metal imports into India stood at -5.9%. At the same time, Pakistan (+15.3%), Sri Lanka (+9.4%) and Bangladesh (+6.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.3% from 2012-2021. From 2012 to 2021, the share of Pakistan, Bangladesh and Sri Lanka increased by +6.8, +3.6 and +3.3 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported machine tools for working metal in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 6.4% share of total imports. It was followed by Pakistan, with a 3.3% share.

In India, machine-tool for working metal imports declined by an average annual rate of -4.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+13.1% per year) and Pakistan (+8.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, standing approx. at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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