India: Way-Type Unit Head Market 2022

Way-Type Unit Head Market Size in India

After two years of growth, the Indian way-type unit head market decreased by -X% to $X in 2021. Over the period under review, consumption, however, saw a significant increase. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Way-Type Unit Head Production in India

In value terms, way-type unit head production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then fell sharply in the following year.

Way-Type Unit Head Exports

Exports from India

In 2021, the amount of way-type unit heads for working metal exported from India dropped notably to X tons, shrinking by -X% compared with the previous year. In general, exports showed a pronounced descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, way-type unit head exports reduced notably to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and Nepal (X tons) were the main destinations of way-type unit head exports from India, together comprising X% of total exports. These countries were followed by the United States, the UK, Canada and Djibouti, which together accounted for a further X 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Nepal ($X) and the United States ($X) appeared to be the largest markets for way-type unit head exported from India worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +X%, saw 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 2021, the average way-type unit head export price amounted to $X per ton, shrinking by -X% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, way-type unit head export price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Djibouti ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Way-Type Unit Head Imports

Imports into India

In 2021, purchases abroad of way-type unit heads for working metal decreased by -X% to X tons, falling for the second year in a row after three years of growth. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, way-type unit head imports declined markedly to $X in 2021. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Japan (X kg) were the main suppliers of way-type unit head imports to India, together accounting for X% of total imports. These countries were followed by the United States and Thailand, which together accounted for a further X 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of way-type unit head to India, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -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

The average way-type unit head import price stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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