Southern Asia: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Southern Asia

The South Asian electric soldering iron market soared to $X in 2023, surging by X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Electric Soldering Iron Production in Southern Asia

In value terms, electric soldering iron production shrank to $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Electric Soldering Iron Exports

Exports in Southern Asia

In 2023, the amount of electric soldering irons and guns exported in Southern Asia reduced markedly to X units, falling by X% on 2022 figures. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then contracted notably in the following year.

In value terms, electric soldering iron exports declined markedly to $X in 2023. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

India (X units) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the electric soldering irons and guns exports, with a CAGR of X% from 2012 to 2023. India (X p.p.) significantly strengthened 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) also remains the largest electric soldering iron supplier in Southern Asia.

In India, electric soldering iron exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Electric Soldering Iron Imports

Imports in Southern Asia

In 2023, purchases abroad of electric soldering irons and guns decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, electric soldering iron imports totaled $X in 2023. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

Bangladesh represented the largest importer of electric soldering irons and guns in Southern Asia, with the volume of imports accounting for X units, which was approx. X% of total imports in 2023. Pakistan (X units) ranks second in terms of the total imports with a X% share, followed by India (X%). The following importers - Sri Lanka (X units) and Nepal (X units) - each resulted at a X% share of total imports.

Bangladesh was also the fastest-growing in terms of the electric soldering irons and guns imports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Nepal (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Bangladesh and India 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 electric soldering iron importing markets in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), with a combined X% share of total imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform