Southern Asia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Southern Asia

In 2021, the South Asian non-numerically controlled drilling machine market decreased by -1% to $X, falling for the third year in a row after three years of growth. Overall, consumption recorded a mild downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Southern Asia

In value terms, non-numerically controlled drilling machine production fell modestly to $X in 2021 estimated in export price. Overall, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 134%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports in Southern Asia

In 2021, shipments abroad of non-numerically controlled drilling machines for working metal increased by 93% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a prominent increase. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, non-numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the main exporter of non-numerically controlled drilling machines for working metal in Southern Asia, with the volume of exports resulting at X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Bangladesh (X tons), making up an 11% share of total exports.

India was also the fastest-growing in terms of the non-numerically controlled drilling machines for working metal exports, with a CAGR of +11.2% from 2012 to 2021. At the same time, Bangladesh (+4.1%) displayed positive paces of growth. While the share of India (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bangladesh (-3.7 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest non-numerically controlled drilling machine supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 9.7% share of total exports.

In India, non-numerically controlled drilling machine exports increased at an average annual rate of +15.9% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 7.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.2%).

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports in Southern Asia

In 2021, the amount of non-numerically controlled drilling machines for working metal imported in Southern Asia skyrocketed to X tons, growing by 22% compared with the previous year's figure. Overall, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports expanded rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 24%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importing country with an import of about X tons, which accounted for 54% of total imports. Bangladesh (X tons) held the second position in the ranking, distantly followed by Sri Lanka (X tons). All these countries together held approx. 38% share of total imports. Pakistan (X tons) and Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +19.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported non-numerically controlled drilling machines for working metal in Southern Asia, comprising 73% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total imports. It was followed by Pakistan, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -20.6%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (-0.2% per year) and Pakistan (-10.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, which is down by -11.1% against the previous year. Overall, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 an increase of 4.9%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nepal ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+9.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :