India: Loading Machinery Market 2024

Loading Machinery Market Size in India

The Indian loading machinery market reached $X.1B in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market reached the maximum level at $X.8B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Loading Machinery Production in India

In value terms, loading machinery production totaled $X.5B in 2022 estimated in export price. In general, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Loading Machinery Exports

Exports from India

In 2022, approx. X units of lifting, handling, loading or unloading machinery were exported from India; surging by X% against the year before. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, loading machinery exports totaled $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for loading machinery exports from India, accounting for a X% share of total exports. Moreover, loading machinery exports to the United States exceeded the volume sent to the second major destination, Morocco (X units), sixfold. The third position in this ranking was taken by Maldives (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Maldives (X% per year).

In value terms, the United States ($X) remains the key foreign market for lifting, handling, loading or unloading machinery exports from India, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average loading machinery export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Loading Machinery Imports

Imports into India

For the sixth year in a row, India recorded growth in overseas purchases of lifting, handling, loading or unloading machinery, which increased by X% to X units in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, loading machinery imports rose notably to $X in 2022. Overall, imports posted a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loading machinery to India, accounting for a X% share of total imports. Moreover, loading machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was taken by Japan (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of lifting, handling, loading or unloading machinery to India, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The average loading machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price faced a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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