India: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in India

The Indian endless machinery band market fell to $X in 2022, declining by X% against the previous year. Overall, consumption saw a perceptible decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Endless Machinery Band Production in India

In value terms, endless machinery band production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Endless Machinery Band Exports

Exports from India

In 2022, the amount of endless bands for machinery, of stainless steel exported from India surged to X square meters, rising by X% against the year before. Overall, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, endless machinery band exports rose markedly to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X square meters), the United Arab Emirates (X square meters) and Indonesia (X square meters) were the main destinations of endless machinery band exports from India, with a combined X% share of total exports. Bangladesh, Thailand, Saudi Arabia, Malaysia, Mozambique, Bhutan and Sri Lanka lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for endless bands for machinery, of stainless steel exports from India, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per square meter in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to Mozambique ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into India

In 2022, supplies from abroad of endless bands for machinery, of stainless steel increased by X% to X square meters for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, endless machinery band imports amounted to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest endless machinery band supplier to India, with a X% share of total imports. Moreover, endless machinery band imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), threefold. The third position in this ranking was held by the UK (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, the UK ($X), the Netherlands ($X) and China ($X) were the largest endless machinery band suppliers to India, together comprising X% of total imports.

Among the main suppliers, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to 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 endless machinery band import price stood at $X per square meter in 2022, dropping by X% against the previous year. In general, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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