Southern Asia: Vices And Clamps Market 2025

Vices And Clamps Market Size in Southern Asia

After two years of decline, the South Asian vices and clamps market increased by 33% to $X in 2022. Overall, consumption saw a strong expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Vices And Clamps Production in Southern Asia

In value terms, vices and clamps production declined modestly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -1.4% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 35%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vices And Clamps Exports

Exports in Southern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of vices and clamps, when their volume decreased by -61.4% to X tons. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 121% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vices and clamps exports contracted sharply to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 22%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

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

India was also the fastest-growing in terms of the vices and clamps exports, with a CAGR of -12.5% 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 vices and clamps supplier in Southern Asia.

In India, vices and clamps exports declined by an average annual rate of -14.7% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of 8.4% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2017 an increase of 65% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 -2.5% per year.

Vices And Clamps Imports

Imports in Southern Asia

In 2022, overseas purchases of vices and clamps increased by 4.4% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 45%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, vices and clamps imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importing country with an import of around X tons, which reached 51% of total imports. Bangladesh (X tons) held the second position in the ranking, distantly followed by Nepal (X tons) and Sri Lanka (X tons). All these countries together took approx. 43% share of total imports. Pakistan (X tons) held a little share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of vices and clamps. At the same time, Nepal (+58.7%) and Bangladesh (+8.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +58.7% from 2012-2022. By contrast, Sri Lanka (-3.5%) and Pakistan (-6.0%) illustrated a downward trend over the same period. While the share of Nepal (+11 p.p.) and Bangladesh (+10 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-3.2 p.p.), Sri Lanka (-6.5 p.p.) and India (-12.6 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported vices and clamps in Southern Asia, comprising 73% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 14% share of total imports. It was followed by Sri Lanka, with a 6.2% share.

In India, vices and clamps imports contracted by an average annual rate of -2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+17.4% per year) and Sri Lanka (+1.2% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of 14% against the previous year. In general, the import price, however, recorded a noticeable decline. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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