Southern Asia: Grinding Machine Market 2024

Grinding Machine Market Size in Southern Asia

In 2022, the South Asian grinding machine market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a pronounced 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Grinding Machine Production in Southern Asia

In value terms, grinding machine production declined to $X in 2022 estimated in export price. The total production indicated a perceptible 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Grinding Machine Exports

Exports in Southern Asia

In 2022, after ten years of growth, there was significant decline in shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding, when their volume decreased by X% to X units. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then reduced in the following year.

In value terms, grinding machine exports fell markedly to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

India dominates exports structure, reaching X units, which was near X% of total exports in 2022. Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grinding machine exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) and Sri Lanka (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 ($X) remains the largest grinding machine supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Grinding Machine Imports

Imports in Southern Asia

In 2022, the amount of machines having individual functions, for mixing, kneading, crushing or grinding imported in Southern Asia surged to X units, rising by X% on 2021 figures. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, grinding machine imports fell to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

India prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. Sri Lanka (X units) held the second position in the ranking, followed by Nepal (X units). All these countries together took near X% share of total imports. The following importers - Bangladesh (X units) and Pakistan (X units) - together made up X% of total imports.

India was also the fastest-growing in terms of the machines having individual functions, for mixing, kneading, crushing or grinding imports, with a CAGR of X% from 2012 to 2022. At the same time, Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) and Pakistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (X p.p.), Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

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

In India, grinding machine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 mixed trends in the import price figures.

Source: IndexBox Platform

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