
India - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights
India: Wood Bending Machine Market 2022
Wood Bending Machine Market Size in India
In 2021, the Indian wood bending machine market increased by 266% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Wood Bending Machine Exports
Exports from India
Wood bending machine exports from India shrank markedly to X units in 2021, reducing by -19.1% on the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 297%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
In value terms, wood bending machine exports fell notably to $X in 2021. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 38% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
Mozambique (X units), Nepal (X units) and the United States (X units) were the main destinations of wood bending machine exports from India, together accounting for 76% of total exports.
From 2012 to 2021, the biggest increases were in Nepal (with a CAGR of +14.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Algeria ($X), the United States ($X) and Nepal ($X) appeared to be the largest markets for wood bending machine exported from India worldwide, together comprising 51% of total exports.
Nepal, with a CAGR of +23.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average wood bending machine export price stood at $X per unit in 2021, declining by -64.5% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 243%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+37.4%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Bending Machine Imports
Imports into India
In 2021, after three years of decline, there was significant growth in overseas purchases of bending or assembling machines, when their volume increased by 261% to X units. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wood bending machine imports skyrocketed to $X in 2021. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, China (X units) constituted the largest wood bending machine supplier to India, with a 76% share of total imports. Moreover, wood bending machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sevenfold. The third position in this ranking was held by South Korea (X units), with a 7.5% share.
From 2012 to 2021, the average annual growth rate of volume from China stood at +40.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.7% per year) and South Korea (+49.6% per year).
In value terms, the largest wood bending machine suppliers to India were Italy ($X), China ($X) and South Korea ($X), together comprising 87% of total imports. Japan, the United States, Turkey and Germany lagged somewhat behind, together comprising a further 8.5%.
In terms of the main suppliers, Japan, with a CAGR of +58.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average wood bending machine import price stood at $X per unit in 2021, reducing by -18.4% against the previous year. Over the period under review, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 157% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+52.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood bending machine 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global wood bending machine market.
This report provides an in-depth analysis of the wood bending machine market in the EU.
This report provides an in-depth analysis of the wood bending machine market in Asia.
This report provides an in-depth analysis of the wood bending machine market in the U.S..
This report provides an in-depth analysis of the wood bending machine market in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global metal tank market.
Thursday, April 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET