Southern Asia: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Southern Asia

The South Asian jacks and hoists market fell to $X in 2022, dropping by X% against the previous year. In general, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Jacks And Hoists Production in Southern Asia

In value terms, jacks and hoists production reduced to $X in 2022 estimated in export price. Overall, production showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Jacks And Hoists Exports

Exports in Southern Asia

In 2022, the amount of jacks and hoists for raising vehicles exported in Southern Asia skyrocketed to X units, increasing by X% on the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, jacks and hoists exports rose modestly to $X in 2022. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

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

India was also the fastest-growing in terms of the jacks and hoists for raising vehicles exports, with a CAGR of X% from 2012 to 2022. 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 jacks and hoists supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 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.

Jacks And Hoists Imports

Imports in Southern Asia

Jacks and hoists imports reduced modestly to X units in 2022, remaining constant against 2021 figures. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, jacks and hoists imports shrank remarkably to $X in 2022. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Nepal (X units), constituting a X% share of total imports. Bangladesh (X units), Sri Lanka (X units) and Pakistan (X units) followed a long way behind the leaders.

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

In value terms, India ($X) constitutes the largest market for imported jacks and hoists for raising vehicles in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

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

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price recorded a deep reduction. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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