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

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

In 2021, the South Asian numerically controlled drilling machine market decreased by -8.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

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

In value terms, numerically controlled drilling machine production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 55%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in Southern Asia

In 2021, the amount of numerically controlled drilling machines for working metal exported in Southern Asia soared to X tons, rising by 2,213% against the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2021. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together finishing at 99% of total export.

India was also the fastest-growing in terms of the numerically controlled drilling machines for working metal exports, with a CAGR of +29.0% from 2012 to 2021. From 2012 to 2021, the share of India increased by +17 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest numerically controlled drilling machine supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +30.9%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, waning by -7% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat 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 +1.5% per year.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in Southern Asia

In 2021, numerically controlled drilling machine imports in Southern Asia soared to X tons, with an increase of 54% on the year before. Overall, imports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2019 with an increase of 146%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports soared to $X in 2021. In general, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 121% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India represented the largest importer of numerically controlled drilling machines for working metal in Southern Asia, with the volume of imports resulting at X tons, which was near 84% of total imports in 2021. It was distantly followed by Bangladesh (X tons), generating an 11% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of -4.4% from 2012 to 2021. At the same time, Bangladesh (+20.4%) and Sri Lanka (+13.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.4% from 2012-2021. Bangladesh (+9.3 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -12.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in Southern Asia, comprising 91% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 5.2% share of total imports.

In India, numerically controlled drilling machine imports plunged by an average annual rate of -7.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+7.6% per year) and Sri Lanka (+4.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, flattening at the previous year. In general, the import price saw a perceptible decline. The growth pace was the most rapid in 2015 an increase of 19%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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