Southern Asia: Concrete Pump Market 2024

Concrete Pump Market Size in Southern Asia

The South Asian concrete pump market reduced modestly to $X.6B in 2022, which is down by X% against the previous year. Overall, consumption saw a deep downturn. The pace of growth was the most pronounced in 2021 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X.9B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Concrete Pump Production in Southern Asia

In value terms, concrete pump production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X.7B in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Concrete Pump Exports

Exports in Southern Asia

In 2022, shipments abroad of concrete pumps increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, concrete pump exports stood at $X in 2022. Total exports indicated a remarkable increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. The following exporters - Sri Lanka (X units) and Bangladesh (X units) - each accounted for a X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest concrete pump supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Concrete Pump Imports

Imports in Southern Asia

Concrete pump imports dropped sharply to X units in 2022, with a decrease of X% compared with 2021. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then dropped markedly in the following year.

In value terms, concrete pump imports contracted rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the key importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Nepal (X units), Bangladesh (X units) and Pakistan (X units), together achieving a X% share of total imports. Maldives (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to concrete pump imports into India stood at X%. At the same time, Nepal (X%), Maldives (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.), Nepal (X p.p.), Bangladesh (X p.p.) and Maldives (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest concrete pump importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), with a combined X% share of total imports. Nepal and Maldives lagged somewhat behind, together accounting for a further X%.

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

The import price in Southern Asia stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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