India: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in India

The Indian non-propelled vehicle market fell to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Non-Propelled Vehicle Production in India

In value terms, non-propelled vehicle production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Propelled Vehicle Exports

Exports from India

Non-propelled vehicle exports from India surged to X units in 2022, with an increase of X% against the previous year's figure. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-propelled vehicle exports soared to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-propelled vehicle exports from India, with a X% share of total exports. Moreover, non-propelled vehicle exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and South Africa (X% per year).

In value terms, the United States ($X), South Africa ($X) and the UK ($X) constituted the largest markets for non-propelled vehicle exported from India worldwide, with a combined X% share of total exports.

Among the main countries of destination, South Africa, 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

In 2022, the average non-propelled vehicle export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced a decline.

Non-Propelled Vehicle Imports

Imports into India

In 2022, after three years of growth, there was significant decline in purchases abroad of vehicles not mechanically propelled, when their volume decreased by X% to X units. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, non-propelled vehicle imports declined remarkably to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X units) was the main non-propelled vehicle supplier to India, with a X% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of vehicles not mechanically propelled to India, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average non-propelled vehicle import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a mild reduction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per unit), while the price for Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :