Southern Asia: Gasket Market 2020

Gasket Market Size in Southern Asia

The revenue of the gasket market in Southern Asia amounted to $X in 2017, rising by X% against the previous year. The gasket consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017, when market value increased by X% against the previous year. In that year, the gasket market reached their peak level, and is likely to continue its growth in the immediate term.

Gasket Production in Southern Asia

In 2017, production of gaskets and similar joints of metal sheeting in Southern Asia totaled X units, growing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. Over the period under review, the gasket production attained its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Gasket Exports in Southern Asia

In 2017, the amount of gaskets and similar joints of metal sheeting exported in Southern Asia amounted to X units, falling by -X% against the previous year. The gasket exports continue to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2014, with an increase of X% year-to-year. Over the period under review, the gasket exports attained its maximum volume of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, gasket exports stood at $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the gasket exports attained its peak figure level in 2017, and are expected to retain its growth in the immediate term.

Gasket Exports by Country in Southern Asia

The exports of the one major exporters of gaskets and similar joints of metal sheeting, namely India, represented more than two-thirds of total export.

India was also the fastest growing in terms of the gaskets and similar joints of metal sheeting exports, with a CAGR of -X% from 2007 to 2017. From 2007 to 2017, the share of India increased by X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest gasket supplier in Southern Asia.

In India, gasket exports increased at an average annual rate of +X% over the period from 2007-2017.

Gasket Export Prices by Country in Southern Asia

The gasket export price in Southern Asia stood at $X per unit in 2017, coming up by X% against the previous year. The gasket export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. In that year, the export prices for gaskets and similar joints of metal sheeting attained their peak level, and is likely to continue its growth in the immediate term.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (+X% per year).

Gasket Imports in Southern Asia

In 2017, approx. X units of gaskets and similar joints of metal sheeting were imported in Southern Asia; surging by X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket imports decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2010, when imports increased by X% year-to-year. The volume of imports peaked of X units in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, gasket imports stood at $X in 2017. The total imports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gasket imports increased by +X% against 2015 indices. Over the period under review, the gasket imports reached its peak figure level in 2017, and are likely to see steady growth in the near future.

Gasket Imports by Country in Southern Asia

India dominates gasket imports structure, finishing at X units, which was near X% of total imports in 2017. Bangladesh (X units) ranks second in terms of the global imports with a X% share, followed by Sri Lanka (X%) and Pakistan (X%).

Imports into India increased at an average annual rate of +X% from 2007 to 2017. At the same time, Pakistan (+X%), Sri Lanka (+X%) and Bangladesh (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest growing importer in Southern Asia, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Bangladesh, Pakistan, Sri Lanka and India decreased by -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported gaskets and similar joints of metal sheeting in Southern Asia, making up X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

In India, gasket imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Bangladesh (+X% per year).

Gasket Import Prices by Country in Southern Asia

In 2017, the gasket import price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016, an increase of X% year-to-year. Over the period under review, the import prices for gaskets and similar joints of metal sheeting attained its maximum level of $X per unit in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform