Southern Asia: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Southern Asia

The South Asian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels contracted to $X in 2021, which is down by -10.3% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Southern Asia

In value terms, grease fittings and oil seals production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 20%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in Southern Asia

In 2021, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were exported in Southern Asia; picking up by 83% compared with the previous year. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grease fittings and oil seals exports surged to $X in 2021. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, resulting at X units, which was approx. 94% of total exports in 2021. It was distantly followed by Bangladesh (X units), achieving a 5.6% share of total exports.

India was also the fastest-growing in terms of the non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels exports, with a CAGR of +12.9% from 2012 to 2021. At the same time, Bangladesh (+8.3%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +2.3 percentage points.

In value terms, India ($X) remains the largest grease fittings and oil seals supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 0.8% share of total exports.

In India, grease fittings and oil seals exports expanded at an average annual rate of +15.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, with an increase of 39% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.5%).

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in Southern Asia

In 2021, approx. X units of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels were imported in Southern Asia; with a decrease of -47% on 2020 figures. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 133%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, grease fittings and oil seals imports contracted notably to $X in 2021. Overall, imports saw a perceptible setback. The pace of growth was the most pronounced in 2016 when imports increased by 92%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X units) and Bangladesh (X units) prevails in imports structure, together constituting 94% of total imports. Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +1.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, India ($X) constitutes the largest market for imported non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Southern Asia, comprising 72% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled -5.2%. In the other countries, the average annual rates were as follows: Bangladesh (+4.8% per year) and Pakistan (-1.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, rising by 2.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 63%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per unit), while Bangladesh ($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 (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :