India: Grinding Machine Market 2024

Grinding Machine Market Size in India

In 2022, the Indian grinding machine market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated resilient 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Grinding Machine Production in India

In value terms, grinding machine production dropped to $X in 2022 estimated in export price. In general, the total production indicated tangible 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, production increased by X% against 2020 indices. The pace of growth appeared 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 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Grinding Machine Exports

Exports from India

In 2022, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, grinding machine exports declined markedly to $X in 2022. In general, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Germany (X units), Malaysia (X units) and the United States (X units) were the main destinations of grinding machine exports from India, with a combined X% share of total exports. The Netherlands, Nepal, Indonesia, the United Arab Emirates, Bangladesh, Ecuador, China, Brazil, Italy and the UK lagged somewhat behind, together comprising 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 the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding machine exported from India were Bangladesh ($X), Indonesia ($X) and the United States ($X), together accounting for X% of total exports. Brazil, the Netherlands, the United Arab Emirates, Ecuador, Malaysia, Germany, Nepal, China, Italy and the UK lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ecuador, with a CAGR of X%, recorded the highest growth rate of 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 grinding machine export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the 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 ($X per unit), while the average price for exports to Germany ($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 Ecuador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grinding Machine Imports

Imports into India

In 2022, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported into India soared to X units, with an increase of X% on the previous year's figure. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, grinding machine imports fell to $X in 2022. In general, imports saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest grinding machine supplier to India, with a X% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), more than tenfold. Japan (X units) ranked third in terms of total imports 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: Belgium (X% per year) and Japan (X% per year).

In value terms, China ($X), Belgium ($X) and Germany ($X) constituted the largest grinding machine suppliers to India, with a combined X% share of total imports.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grinding machine import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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