India: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in India

The Indian full-rotation excavator market shrank slightly to $X,387.9B in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Full-rotation excavator consumption peaked at $X,232B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Full-Rotation Excavator Production in India

In value terms, full-rotation excavator production shrank slightly to $X,582.9B in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Full-rotation excavator production peaked at $X,931.5B in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Full-Rotation Excavator Exports

Exports from India

In 2022, shipments abroad of self-propelled full-rotation excavators and bulldozers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, full-rotation excavator exports expanded rapidly to $X in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Ghana (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main destinations of full-rotation excavator exports from India, together accounting for X% of total exports. The Netherlands, Bhutan, the United States, South Africa, Australia, Tanzania, Nepal, Mexico, Guinea and Kenya lagged somewhat behind, together comprising a further X%.

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

In value terms, Ghana ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the largest markets for full-rotation excavator exported from India worldwide, together accounting for X% of total exports. The Netherlands, South Africa, Tanzania, Nepal, the United States, Mexico, Kenya, Guinea, Bhutan and Australia lagged somewhat behind, together comprising a further X%.

Guinea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average full-rotation excavator export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Full-Rotation Excavator Imports

Imports into India

For the third consecutive year, India recorded growth in supplies from abroad of self-propelled full-rotation excavators and bulldozers, which increased by X% to X units in 2022. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, full-rotation excavator imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of full-rotation excavator to India, with a X% share of total imports. Moreover, full-rotation excavator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. South Korea (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 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).

In value terms, the largest full-rotation excavator suppliers to India were China ($X), South Korea ($X) and Russia ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded 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

The average full-rotation excavator import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Russia ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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