Southern Asia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Southern Asia

The South Asian machine-tool for drilling market amounted to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Machine-Tool For Drilling Production in Southern Asia

In value terms, machine-tool for drilling production stood at $X in 2022 estimated in export price. The total production indicated a tangible 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports in Southern Asia

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, machine-tool for drilling exports shrank notably to $X in 2022. Over the period under review, exports saw a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

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

India was also the fastest-growing in terms of the machine-tools for drilling, boring or milling metal exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, 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 machine-tool for drilling supplier in Southern Asia.

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

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. 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.

Machine-Tool For Drilling Imports

Imports in Southern Asia

In 2022, approx. X units of machine-tools for drilling, boring or milling metal were imported in Southern Asia; picking up by X% compared with the previous year's figure. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, machine-tool for drilling imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) represented the largest importer of machine-tools for drilling, boring or milling metal, creating X% of total imports. Nepal (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%) and Pakistan (X%). Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported machine-tools for drilling, boring or milling metal in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, machine-tool for drilling imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Pakistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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