India: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in India

In 2022, the Indian machine-tool for working metal market increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, recorded a abrupt contraction. Machine-tool for working metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in India

In value terms, machine-tool for working metal production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from India

In 2022, overseas shipments of machine tools for working metal increased by X% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2022. Overall, total exports indicated mild 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 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X units), the United States (X units) and Germany (X units) were the main destinations of machine-tool for working metal exports from India, together accounting for X% of total exports. Nigeria, South Korea, Maldives, China, Kenya, Bangladesh, Tanzania, Canada, Mauritius and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X), Bangladesh ($X) and the United States ($X) constituted the largest markets for machine-tool for working metal exported from India worldwide, together comprising X% of total exports. China, Kenya, Nigeria, Germany, Tanzania, South Korea, Maldives, Mexico, Mauritius and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Maldives, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price 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, machine-tool for working metal export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Canada ($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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into India

In 2022, approx. X units of machine tools for working metal were imported into India; increasing by X% compared with the year before. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, machine-tool for working metal imports rose significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main machine-tool for working metal supplier to India, with a X% share of total imports. It was followed by South Korea (X units), with a X% share of total imports. Taiwan (Chinese) (X units) ranked third in terms of total imports 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: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to India, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

The average machine-tool for working metal import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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