Southern Asia: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Southern Asia

The South Asian pneumatic linear acting actuator market reduced to $X in 2022, standing approx. at the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.6% against 2012 indices. The level of consumption peaked at $X in 2021, and then fell slightly in the following year.

Production of Pneumatic Linear Acting Actuators in Southern Asia

In value terms, pneumatic linear acting actuator production dropped to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Pneumatic Linear Acting Actuators

Exports in Southern Asia

In 2022, overseas shipments of pneumatic linear acting actuators increased by 81% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 187%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports soared to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 180% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the pneumatic linear acting actuators exports, with a CAGR of +6.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest pneumatic linear acting actuator supplier in Southern Asia.

In India, pneumatic linear acting actuator exports increased at an average annual rate of +7.7% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, declining by -13.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 51%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood 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 2022, the rate of growth in terms of prices for India amounted to +0.8% per year.

Imports of Pneumatic Linear Acting Actuators

Imports in Southern Asia

After seven years of growth, supplies from abroad of pneumatic linear acting actuators decreased by -0.3% to X units in 2022. In general, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, pneumatic linear acting actuator imports contracted slightly to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 55%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

India dominates imports structure, amounting to X units, which was near 89% of total imports in 2022. It was distantly followed by Bangladesh (X units), mixing up a 5.4% share of total imports. The following importers - Sri Lanka (X units) and Pakistan (X units) - together made up 5% of total imports.

India was also the fastest-growing in terms of the pneumatic linear acting actuators imports, with a CAGR of +15.7% from 2012 to 2022. At the same time, Sri Lanka (+12.5%), Bangladesh (+11.7%) and Pakistan (+9.4%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +4.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pneumatic linear acting actuators in Southern Asia, comprising 90% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 4.1% share of total imports. It was followed by Sri Lanka, with a 2.8% share.

In India, pneumatic linear acting actuator imports increased at an average annual rate of +13.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+8.4% per year) and Sri Lanka (+10.2% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, remaining stable against the previous year. Overall, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2014 when the import price increased by 9.6%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per unit) and India ($X per unit), while Bangladesh ($X per unit) and Sri Lanka ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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