Southern Asia: Metal Treating Machine Market 2024

Metal Treating Machine Market Size in Southern Asia

The South Asian metal treating machine market dropped to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2022, and then declined in the following year.

Metal Treating Machine Production in Southern Asia

In value terms, metal treating machine production dropped modestly to $X in 2023 estimated in export price. The total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Metal Treating Machine Exports

Exports in Southern Asia

In 2023, exports of machines for treating metal, having individual functions in Southern Asia skyrocketed to X units, picking up by X% against 2022 figures. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal treating machine exports skyrocketed to $X in 2023. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

India (X units) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the machines for treating metal, having individual functions exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, 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 metal treating machine supplier in Southern Asia.

In India, metal treating machine exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, dropping by X% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, 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 2023, the rate of growth in terms of prices for India amounted to X% per year.

Metal Treating Machine Imports

Imports in Southern Asia

In 2023, after two years of growth, there was significant decline in supplies from abroad of machines for treating metal, having individual functions, when their volume decreased by X% to X units. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, metal treating machine imports dropped notably to $X in 2023. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

India represented the key importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Bangladesh (X units), mixing up a X% share of total imports. Sri Lanka (X units) and Nepal (X units) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal treating machine imports into India stood at X%. At the same time, Bangladesh (X%), Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Bangladesh (X p.p.) and India (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 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machines for treating metal, having individual functions in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nepal ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform