Southern Asia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Southern Asia

In 2022, overseas shipments of mechanical appliances for projecting, dispersing or spraying increased by 50% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying expanded remarkably to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2017 indices. The growth pace was the most rapid in 2015 when exports increased by 33% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India dominates spraying structure, accounting for X units, which was near 98% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Pakistan (+10.8%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +10.8% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled +5.7%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with a decrease of -28.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 24%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, 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 India ($X per unit), while Pakistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.2%).

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Southern Asia

In 2022, approx. X units of mechanical appliances for projecting, dispersing or spraying were imported in Southern Asia; with an increase of 44% against 2021 figures. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, India (X units) was the major importer of mechanical appliances for projecting, dispersing or spraying, creating 78% of total imports. Bangladesh (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (5.1%).

Imports into India increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Bangladesh (+40.5%) and Pakistan (+14.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +40.5% from 2012-2022. While the share of Bangladesh (+14 p.p.) and Pakistan (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-14.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in Southern Asia, comprising 84% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.2%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+30.8% per year) and Pakistan (+17.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, surging by 7.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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