Southern Asia: Non-Electric Pulley Tackle Market 2025

Non-Electric Pulley Tackle Market Size in Southern Asia

In 2022, after two years of growth, there was decline in the South Asian non-electric pulley tackle market, when its value decreased by -0.7% to $X. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Non-Electric Pulley Tackle Production in Southern Asia

In value terms, non-electric pulley tackle production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports in Southern Asia

In 2022, shipments abroad of pulley tackle and hoists, non-powered by electric motor increased by 5.7% to X units, rising for the second year in a row after two years of decline. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 546% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, non-electric pulley tackle exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 324%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from India (X units), together finishing at 100% of total export.

India was also the fastest-growing in terms of the pulley tackle and hoists, non-powered by electric motor exports, with a CAGR of +29.7% 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 non-electric pulley tackle supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled +14.9%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, increasing by 13% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 -11.5% per year.

Non-Electric Pulley Tackle Imports

Imports in Southern Asia

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor imported in Southern Asia expanded slightly to X units, picking up by 3.9% compared with 2021 figures. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 134% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-electric pulley tackle imports rose modestly to $X in 2022. In general, imports saw resilient growth. The growth pace was the most rapid in 2015 when imports increased by 60%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India represented the main importer of pulley tackle and hoists, non-powered by electric motor in Southern Asia, with the volume of imports recording X units, which was approx. 71% of total imports in 2022. Sri Lanka (X units) ranks second in terms of the total imports with an 11% share, followed by Bangladesh (9.5%) and Nepal (4.6%). Pakistan (X units) held a minor share of total imports.

India was also the fastest-growing in terms of the pulley tackle and hoists, non-powered by electric motor imports, with a CAGR of +22.0% from 2012 to 2022. At the same time, Bangladesh (+20.6%), Nepal (+18.3%) and Sri Lanka (+17.5%) displayed positive paces of growth. By contrast, Pakistan (-4.5%) illustrated a downward trend over the same period. India (+19 p.p.) and Bangladesh (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -20.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pulley tackle and hoists, non-powered by electric motor in Southern Asia, comprising 59% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total imports. It was followed by Pakistan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in India totaled +7.8%. In the other countries, the average annual rates were as follows: Bangladesh (+16.1% per year) and Pakistan (+1.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2015 when the import price increased by 47% against the previous year. 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 ($X per unit), while Sri Lanka ($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 (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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