Southern Asia: Grinding Machine Market 2024

Grinding Machine Market Size in Southern Asia

The South Asian grinding machine market dropped to $X in 2021, shrinking by -2.6% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined modestly in the following year.

Grinding Machine Production in Southern Asia

In value terms, grinding machine production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell modestly in the following year.

Grinding Machine Exports

Exports in Southern Asia

Grinding machine exports surged to X units in 2021, with an increase of 60% compared with 2020 figures. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding machine exports soared to $X in 2021. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X units) represented the largest exporter of machines having individual functions, for mixing, kneading, crushing or grinding in Southern Asia, achieving 98% of total export.

India was also the fastest-growing in terms of the machines having individual functions, for mixing, kneading, crushing or grinding exports, with a CAGR of +16.5% 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 grinding machine supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India totaled +14.6%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, growing by 7% against the previous year. Over the period under review, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a 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 -1.7% per year.

Grinding Machine Imports

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in purchases abroad of machines having individual functions, for mixing, kneading, crushing or grinding, which increased by 42% to X units in 2021. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 63%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, grinding machine imports soared to $X in 2021. Overall, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 73%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X units) represented the largest importer of machines having individual functions, for mixing, kneading, crushing or grinding, constituting 71% of total imports. Bangladesh (X units) held the second position in the ranking, distantly followed by Sri Lanka (X units). All these countries together held near 22% share of total imports. Nepal (X units), Afghanistan (X units) and Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to grinding machine imports into India stood at +14.8%. At the same time, Bangladesh (+19.3%), Afghanistan (+13.1%) and Nepal (+1.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +19.3% from 2012-2021. By contrast, Sri Lanka (-1.1%) and Pakistan (-12.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Bangladesh increased by +19 and +7.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2021, with a combined 92% share of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +17.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, falling by -4.3% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per unit), while Afghanistan ($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 (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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