India: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in India

The Indian ride-on compaction equipment market stood at $X in 2022, leveling off at the previous year. In general, the total consumption indicated buoyant 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 decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Ride-On Compaction Equipment Production in India

In value terms, ride-on compaction equipment production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated buoyant 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 most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Ride-On Compaction Equipment Exports

Exports from India

In 2022, the amount of ride-on compaction equipment exported from India rose markedly to X units, increasing by X% against the previous year's figure. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ride-on compaction equipment exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units), Vietnam (X units) and Indonesia (X units) were the main destinations of ride-on compaction equipment exports from India, with a combined X% share of total exports. Thailand, Saudi Arabia, the Philippines, Mexico, Guyana, the United Arab Emirates, Malaysia, Tanzania, Bangladesh and Russia 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 Guyana (with a CAGR of X.2%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and the UK ($X) were the largest markets for ride-on compaction equipment exported from India worldwide, together accounting for X% of total exports.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 ride-on compaction equipment export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Guyana ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

Ride-On Compaction Equipment Imports

Imports into India

For the ninth consecutive year, India recorded growth in supplies from abroad of ride-on compaction equipment, which increased by X% to X units in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, ride-on compaction equipment imports declined to $X in 2022. Over the period under review, imports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main ride-on compaction equipment supplier to India, accounting for a X% share of total imports. It was followed by Kuwait (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of ride-on compaction equipment to India, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports.

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

Import Prices by Country

The average ride-on compaction equipment import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform