India: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in India

The Indian market for motor vehicle chassis fitted with engines rose to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a significant expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in India

In value terms, production of motor vehicle chassis fitted with engines stood at $X in 2022 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Motor Vehicle Chassis Fitted With Engines

Exports from India

In 2022, overseas shipments of motor vehicle chassis fitted with engines increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of motor vehicle chassis fitted with engines surged to $X in 2022. Overall, exports enjoyed moderate growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The Philippines (X units), the United States (X units) and Bangladesh (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from India, with a combined X% share of total exports.

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

In value terms, the largest markets for motor vehicle chassis fitted with engines exported from India were Bangladesh ($X), the United States ($X) and the Philippines ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded 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 export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, recorded a abrupt setback. Over the period under review, the average export prices hit record highs 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 Sri Lanka ($X per unit), while the average price for exports to Tanzania ($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 Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into India

Imports of motor vehicle chassis fitted with engines into India skyrocketed to X units in 2022, increasing by X% against the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines expanded significantly to $X in 2022. Over the period under review, imports posted tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motor vehicle chassis fitted with engines to India, with a X% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. Germany (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: the United States (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to India, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the United States, 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: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, which is down by X% against the previous year. In general, the import price faced a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. 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 Germany ($X per unit), while the price for the United States ($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