Southern Asia: Public Works Machinery Market 2024

Public Works Machinery Market Size in Southern Asia

For the fifth consecutive year, the South Asian public works machinery market recorded growth in sales value, which increased by 23% to $X in 2021. Over the period under review, consumption showed a resilient increase. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Public Works Machinery Production in Southern Asia

In value terms, public works machinery production contracted significantly to $X in 2021 estimated in export price. In general, production recorded a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Public Works Machinery Exports

Exports in Southern Asia

In 2021, shipments abroad of machinery for public works and building increased by 230% to X units, rising for the third year in a row after three years of decline. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, public works machinery exports soared to $X in 2021. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 84% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

India prevails in exports structure, resulting at X units, which was approx. 94% of total exports in 2021. It was distantly followed by Pakistan (X units), mixing up a 5.3% share of total exports.

Exports from India increased at an average annual rate of +32.8% from 2012 to 2021. At the same time, Pakistan (+76.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +76.4% from 2012-2021. While the share of India (+38 p.p.) and Pakistan (+5.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest public works machinery supplier in Southern Asia, comprising 75% of total exports. The second position in the ranking was held by Pakistan ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +15.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, declining by -51.9% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-11.3%).

Public Works Machinery Imports

Imports in Southern Asia

After two years of decline, purchases abroad of machinery for public works and building increased by 99% to X units in 2021. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 242% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, public works machinery imports surged to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 188% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X units) was the main importer of machinery for public works and building, committing 69% of total imports. Sri Lanka (X units) ranks second in terms of the total imports with an 11% share, followed by Nepal (9%) and Pakistan (4.6%). The following importers - Bangladesh (X units) and Afghanistan (X units) - together made up 5.9% of total imports.

India was also the fastest-growing in terms of the machinery for public works and building imports, with a CAGR of +31.1% from 2012 to 2021. At the same time, Pakistan (+14.0%), Bangladesh (+13.2%), Nepal (+7.6%), Afghanistan (+7.5%) and Sri Lanka (+3.2%) displayed positive paces of growth. While the share of India (+43 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Afghanistan (-2.7 p.p.), Nepal (-10.9 p.p.) and Sri Lanka (-23.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machinery for public works and building in Southern Asia, comprising 59% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 15% share of total imports. It was followed by Pakistan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to +7.7%. In the other countries, the average annual rates were as follows: Bangladesh (+23.9% per year) and Pakistan (+13.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, falling by -20.5% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 48%. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 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 (+9.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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