Southern Asia: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in Southern Asia

The South Asian built-in jacking system market rose to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Built-In Jacking System Production in Southern Asia

In value terms, built-in jacking system production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Built-In Jacking System Exports

Exports in Southern Asia

After two years of growth, overseas shipments of built-in jacking systems of a type used in garages for raising vehicles decreased by X% to X units in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell dramatically in the following year.

In value terms, built-in jacking system exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X units) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the built-in jacking systems of a type used in garages for raising vehicles exports, with a CAGR of X% from 2012 to 2022. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest built-in jacking system supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price recorded pronounced growth. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Built-In Jacking System Imports

Imports in Southern Asia

In 2022, built-in jacking system imports in Southern Asia skyrocketed to X units, with an increase of X% against the previous year's figure. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, built-in jacking system imports shrank modestly to $X in 2022. Total imports indicated notable 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) represented the key importer of built-in jacking systems of a type used in garages for raising vehicles, mixing up X% of total imports. Pakistan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Maldives (X%). The following importers - Sri Lanka (X units) and Nepal (X units) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%), Sri Lanka (X%), Pakistan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Maldives increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest built-in jacking system importing markets in Southern Asia were Pakistan ($X), India ($X) and Nepal ($X), with a combined X% share of total imports. Sri Lanka and Maldives lagged somewhat behind, together comprising a further X%.

Maldives, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per unit), while Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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