India - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrakes and Servo-Brakes Price in India - 2023
Contents:
- Brakes and Servo-Brakes Price in India (FOB) - 2023
- Brakes and Servo-Brakes Price in India (CIF) - 2023
- Brakes and Servo-Brakes Exports in India
- Brakes and Servo-Brakes Imports in India
Brakes and Servo-Brakes Price in India (FOB) - 2023
In July 2023, the average brakes and servo-brakes export price amounted to $4,634 per ton, rising by 8.9% against the previous month. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $4,643 per ton in February 2023; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($6,501 per ton), while the average price for exports to Poland ($3,221 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Brakes and Servo-Brakes Price in India (CIF) - 2023
The average brakes and servo-brakes import price stood at $9,745 per ton in July 2023, surging by 7.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 22% month-to-month. Over the period under review, average import prices attained the peak figure in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($37,156 per ton), while the price for Italy ($4,846 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Brakes and Servo-Brakes Exports in India
For the fourth year in a row, India recorded growth in shipments abroad of brakes and servo-brakes, which increased by 25% to 156K tons in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, brakes and servo-brakes exports rose markedly to $698M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Brakes and Servo-Brakes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 209 | 193 | 289 | 339 | 17.5% |
| Germany | 50.0 | 37.2 | 45.8 | 49.1 | -0.6% |
| United Kingdom | 29.5 | 24.3 | 32.5 | 33.6 | 4.4% |
| Mexico | 12.1 | 14.4 | 20.4 | 31.9 | 38.1% |
| Turkey | 23.4 | 20.8 | 26.1 | 28.7 | 7.0% |
| Brazil | 14.2 | 9.0 | 14.3 | 19.8 | 11.7% |
| Poland | 12.4 | 12.2 | 16.0 | 18.1 | 13.4% |
| France | 13.6 | 11.9 | 14.9 | 16.4 | 6.4% |
| Thailand | 7.5 | 3.7 | 7.3 | 10.5 | 11.9% |
| Russia | 21.6 | 18.2 | 29.8 | 6.5 | -33.0% |
| Canada | 0.6 | 0.8 | 2.2 | 4.8 | 100.0% |
| Others | 97.6 | 68.4 | 114 | 140 | 12.8% |
| Total | 492 | 414 | 612 | 698 | 12.4% |
Top Export Markets for Brakes and Servo-Brakes from India in 2022:
- United States (86.7K tons)
- Germany (11.4K tons)
- United Kingdom (6.2K tons)
- Mexico (6.1K tons)
- Poland (5.3K tons)
- Turkey (4.8K tons)
- France (4.4K tons)
- Brazil (3.3K tons)
- Thailand (2.6K tons)
- Canada (2.4K tons)
- Russia (1.3K tons)
Brakes and Servo-Brakes Imports in India
In 2022, the amount of brakes and servo-brakes imported into India stood at 33K tons, increasing by 3.8% on 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 96%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, brakes and servo-brakes imports surged to $279M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Brakes and Servo-Brakes in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.2 | 49.6 | 73.3 | 82.4 | 20.4% |
| South Korea | 23.1 | 30.8 | 28.5 | 40.9 | 21.0% |
| Germany | 24.7 | 14.8 | 27.1 | 31.2 | 8.1% |
| Thailand | 25.1 | 16.6 | 30.9 | 30.6 | 6.8% |
| United States | 9.8 | 7.4 | 12.5 | 22.2 | 31.3% |
| Japan | 12.0 | 7.8 | 10.3 | 19.6 | 17.8% |
| Italy | 8.4 | 7.7 | 12.6 | 13.4 | 16.8% |
| Others | 30.2 | 21.5 | 31.4 | 38.3 | 8.2% |
| Total | 180 | 156 | 227 | 279 | 15.7% |
Top Suppliers of Brakes and Servo-Brakes to India in 2022:
- China (14.2K tons)
- South Korea (5.3K tons)
- Germany (3.0K tons)
- Thailand (3.0K tons)
- United States (1.8K tons)
- Italy (1.5K tons)
- Japan (1.0K tons)
This report provides an in-depth analysis of the brakes and servo-brakes market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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