Southern Asia: Ironing Machine Market 2024

Ironing Machine Market Size in Southern Asia

The South Asian ironing machine market soared to $X in 2022, picking up by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ironing Machine Production in Southern Asia

In value terms, ironing machine production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a dramatic decrease. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Ironing Machine Exports

Exports in Southern Asia

In 2022, shipments abroad of ironing machines and presses increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ironing machine exports skyrocketed to $X in 2022. Total exports indicated a perceptible 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 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The biggest shipments were from India (X units), together finishing at X% of total export.

India was also the fastest-growing in terms of the ironing machines and presses exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In India, ironing machine exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, 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 2022, the rate of growth in terms of prices for India amounted to X% per year.

Ironing Machine Imports

Imports in Southern Asia

In 2022, overseas purchases of ironing machines and presses increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ironing machine imports totaled $X in 2022. Total imports indicated a moderate expansion 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 pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. The following importers - Sri Lanka (X units) and Bangladesh (X units) - each amounted to a X% share of total imports.

India was also the fastest-growing in terms of the ironing machines and presses imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Bangladesh saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest ironing machine importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together accounting for X% of total imports.

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

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, 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 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 Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :