India - Drive-Axles with Differential and Non-Driving Axles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Driving and Non-Driving Axle in India - 2023
Contents:
- Price for Driving and Non-Driving Axle in India (FOB) - 2023
- Price for Driving and Non-Driving Axle in India (CIF) - 2023
- Exports of Driving and Non-Driving Axle in India
- Imports of Driving and Non-Driving Axle in India
Price for Driving and Non-Driving Axle in India (FOB) - 2023
In September 2023, the average driving and non-driving axle export price amounted to $5,491 per ton, almost unchanged from the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 5.6% m-o-m. As a result, the export price reached the peak level of $5,639 per ton. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Japan ($7,171 per ton), while the average price for exports to Spain ($2,556 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Driving and Non-Driving Axle in India (CIF) - 2023
The average driving and non-driving axle import price stood at $8,326 per ton in September 2023, almost unchanged from the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 10% m-o-m. The import price peaked at $9,579 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($15,586 per ton), while the price for China ($3,727 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Driving and Non-Driving Axle in India
In 2022, the amount of drive-axles with differential and non-driving axles exported from India expanded sharply to 136K tons, increasing by 5.8% compared with 2021 figures. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 106% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, driving and non-driving axle exports skyrocketed to $684M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Driving and Non-Driving Axle in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 159 | 142 | 246 | 284 | 21.3% |
| Italy | 28.4 | 26.3 | 42.9 | 48.8 | 19.8% |
| Germany | 17.7 | 15.7 | 26.0 | 41.1 | 32.4% |
| Thailand | 22.6 | 13.4 | 28.4 | 38.1 | 19.0% |
| Turkey | 21.1 | 21.1 | 26.6 | 31.8 | 14.7% |
| China | 5.8 | 6.9 | 36.9 | 28.5 | 70.0% |
| Mexico | 7.9 | 5.4 | 12.6 | 26.8 | 50.3% |
| United Kingdom | 23.3 | 21.1 | 26.8 | 23.6 | 0.4% |
| Brazil | 16.5 | 9.6 | 18.8 | 16.1 | -0.8% |
| Belgium | 12.4 | 11.8 | 12.6 | 15.1 | 6.8% |
| Japan | 13.8 | 14.7 | 18.4 | 14.7 | 2.1% |
| Slovenia | 6.7 | 6.6 | 12.5 | 14.6 | 29.6% |
| Sweden | 2.1 | 1.9 | 12.1 | 10.3 | 69.9% |
| Others | 51.2 | 44.1 | 66.8 | 90.4 | 20.9% |
| Total | 389 | 340 | 587 | 684 | 20.7% |
Top Export Markets for Driving and Non-Driving Axle from India in 2022:
- United States (52.3K tons)
- Italy (12.4K tons)
- Turkey (8.4K tons)
- Thailand (7.7K tons)
- China (6.2K tons)
- Germany (5.4K tons)
- Brazil (5.1K tons)
- United Kingdom (5.1K tons)
- Mexico (4.3K tons)
- Sweden (3.9K tons)
- Slovenia (2.8K tons)
- Belgium (2.6K tons)
- Japan (2.2K tons)
Imports of Driving and Non-Driving Axle in India
Driving and non-driving axle imports into India skyrocketed to 31K tons in 2022, rising by 28% against the previous year. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 63%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, driving and non-driving axle imports skyrocketed to $252M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Driving and Non-Driving Axle in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.9 | 33.6 | 53.6 | 66.3 | 22.7% |
| Germany | 24.0 | 12.4 | 27.9 | 43.9 | 22.3% |
| Thailand | 20.8 | 16.3 | 25.6 | 27.6 | 9.9% |
| United States | 20.8 | 14.5 | 23.9 | 26.7 | 8.7% |
| South Korea | 12.4 | 7.8 | 12.7 | 21.0 | 19.2% |
| Japan | 12.8 | 8.9 | 11.8 | 15.2 | 5.9% |
| Sweden | 11.8 | 8.1 | 10.5 | 12.9 | 3.0% |
| Others | 40.0 | 28.7 | 34.7 | 38.1 | -1.6% |
| Total | 178 | 130 | 201 | 252 | 12.3% |
Top Suppliers of Driving and Non-Driving Axle to India in 2022:
- China (15.4K tons)
- Germany (3.3K tons)
- Thailand (2.4K tons)
- United States (2.1K tons)
- South Korea (2.0K tons)
- Sweden (1.6K tons)
- Japan (1.0K tons)
This report provides an in-depth analysis of the market for driving and non-driving axle 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 29323036 - Drive-axles with differential, non-driving axles and their parts
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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