Southern Asia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Southern Asia

The South Asian machine-tool for working wood market surged to $X in 2021, rising by 29% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Machine-Tools For Working Wood in Southern Asia

In value terms, machine-tool for working wood production soared to $X in 2021 estimated in export price. Over the period under review, production saw a strong expansion. The growth pace was the most rapid in 2019 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Wood

Exports in Southern Asia

In 2021, shipments abroad of machine-tools for working wood was finally on the rise to reach X tons after two years of decline. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of machine-tools for working wood, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the machine-tools for working wood exports, with a CAGR of +2.3% 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 working wood supplier in Southern Asia.

In India, machine-tool for working wood exports increased at an average annual rate of +6.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank in the following year.

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 +4.0% per year.

Imports of Machine-Tools For Working Wood

Imports in Southern Asia

Machine-tool for working wood imports surged to X tons in 2021, growing by 69% on the previous year's figure. In general, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports surged to $X in 2021. Total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) represented the major importer of machine-tools for working wood, generating 71% of total imports. Bangladesh (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (5.2%) and Nepal (4.5%). Sri Lanka (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for working wood imports into India stood at +6.5%. At the same time, Nepal (+17.3%), Bangladesh (+8.9%) and Pakistan (+8.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.3% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. From 2012 to 2021, the share of Nepal and Bangladesh increased by +2.6 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machine-tools for working wood in Southern Asia, comprising 78% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 7.6% share of total imports. It was followed by Pakistan, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +4.3%. In the other countries, the average annual rates were as follows: Bangladesh (-0.2% per year) and Pakistan (+7.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, declining by -10.5% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2018 when the import price increased by 8.7%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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