India: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in India

The Indian metal deburring machine market fell to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Metal Deburring Machine Production in India

In value terms, metal deburring machine production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced slump. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Metal Deburring Machine Exports

Exports from India

In 2022, approx. X units of machines for deburring or polishing metal were exported from India; rising by X% compared with the year before. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, metal deburring machine exports surged to $X in 2022. Over the period under review, exports posted a notable increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for metal deburring machine exports from India, with a X% share of total exports. Moreover, metal deburring machine exports to the United States exceeded the volume sent to the second major destination, Botswana (X units), threefold. The third position in this ranking was held by Nepal (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Nepal (X% per year).

In value terms, the largest markets for metal deburring machine exported from India were China ($X), the United States ($X) and Botswana ($X), with a combined X% share of total exports. The United Arab Emirates, Thailand, Sri Lanka, Taiwan (Chinese), Bangladesh, Nepal and North Macedonia lagged somewhat behind, together comprising a further X%.

North Macedonia, with a CAGR of X.0%, saw the highest growth rate of 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

In 2022, the average metal deburring machine export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Nepal ($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 North Macedonia (X.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Deburring Machine Imports

Imports into India

In 2022, purchases abroad of machines for deburring or polishing metal decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank in the following year.

In value terms, metal deburring machine imports expanded remarkably to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal deburring machine to India, accounting for a X% share of total imports. Moreover, metal deburring machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. South Korea (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the largest metal deburring machine suppliers to India, with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal deburring machine import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a sharp contraction. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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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