Southern Asia: Lift And Hoist Market 2024

Lift And Hoist Market Size in Southern Asia

The South Asian lift and hoist market declined significantly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a perceptible downturn. Over the period under review, the market hit record highs at $X in 2021, and then plummeted in the following year.

Lift And Hoist Production in Southern Asia

In value terms, lift and hoist production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Lift And Hoist Exports

Exports in Southern Asia

In 2022, approx. X units of lifts and hoists were exported in Southern Asia; growing by X% compared with the previous year. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lift and hoist exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, India (X units) was the major exporter of lifts and hoists in Southern Asia, generating X% of total export.

India was also the fastest-growing in terms of the lifts and hoists 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 lift and hoist 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, surging by X% against the previous year. Over the period under review, the export price, however, saw a deep slump. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 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.

Lift And Hoist Imports

Imports in Southern Asia

In 2022, the amount of lifts and hoists imported in Southern Asia skyrocketed to X units, increasing by X% on 2021 figures. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, lift and hoist imports expanded remarkably to $X in 2022. Total imports indicated moderate growth 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 was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) represented the largest importer of lifts and hoists, generating X% of total imports. Bangladesh (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%). The following importers - Sri Lanka (X units) and Pakistan (X units) - each resulted at an X% share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%), Bangladesh (X%), Sri Lanka (X%) and Pakistan (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. From 2012 to 2022, the share of Bangladesh and Nepal increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Sri Lanka and Nepal lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in Southern Asia amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked 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 Pakistan ($X per unit), while India ($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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