Southern Asia: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in Southern Asia

In 2021, the South Asian machine tool for metal market decreased by -1% to $X, falling for the third year in a row after three years of growth. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.6% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Southern Asia

In value terms, machine tool for metal production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 2.4%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in Southern Asia

In 2021, overseas shipments of machine tools for working metal without removing metal increased by 48% to X units, rising for the third consecutive year after three years of decline. Overall, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2019 with an increase of 118% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 70%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of machine tools for working metal without removing metal, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the machine tools for working metal without removing metal exports, with a CAGR of -1.0% 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 machine tool for metal supplier in Southern Asia.

In India, machine tool for metal exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, reducing by -10.6% against the previous year. Overall, the export price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 145% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 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 +1.3% per year.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in Southern Asia

In 2021, the amount of machine tools for working metal without removing metal imported in Southern Asia soared to X units, rising by 64% against 2020 figures. In general, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal imports soared to $X in 2021. Overall, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, finishing at X units, which was approx. 83% of total imports in 2021. It was distantly followed by Nepal (X units) and Sri Lanka (X units), together creating a 12% share of total imports. Bangladesh (X units) and Pakistan (X units) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +21.8% from 2012 to 2021. At the same time, Nepal (+53.1%) and Pakistan (+20.5%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +53.1% from 2012-2021. Sri Lanka and Bangladesh experienced a relatively flat trend pattern. While the share of India (+23 p.p.) and Nepal (+6.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-10.2 p.p.) and Sri Lanka (-17.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machine tools for working metal without removing metal in Southern Asia, comprising 85% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 9% share of total imports. It was followed by Pakistan, with a 3% share.

In India, machine tool for metal imports shrank by an average annual rate of -3.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+14.3% per year) and Pakistan (+19.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, reducing by -23.9% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the import price increased by 42%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per unit), while Nepal ($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 (+15.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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