Southern Asia: Mattocks And Rakes Market 2024

Mattocks And Rakes Market Size in Southern Asia

The South Asian mattocks and rakes market expanded remarkably to $X in 2022, picking up by X% against the previous year. The total consumption indicated prominent 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Mattocks And Rakes Production in Southern Asia

In value terms, mattocks and rakes production rose notably to $X in 2022 estimated in export price. The total production indicated a temperate increase 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 growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Mattocks And Rakes Exports

Exports in Southern Asia

In 2022, approx. X tons of mattocks, picks, hoes and rakes were exported in Southern Asia; dropping by X% against the year before. Over the period under review, exports recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mattocks and rakes exports declined markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The shipments of the one major exporters of mattocks, picks, hoes and rakes, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the mattocks, picks, hoes and rakes 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 mattocks and rakes supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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.

Mattocks And Rakes Imports

Imports in Southern Asia

In 2022, mattocks and rakes imports in Southern Asia shrank to X tons, reducing by X% compared with 2021. Total imports indicated notable growth from 2012 to 2022: its volume 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 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, mattocks and rakes imports dropped significantly to $X in 2022. Total imports indicated a buoyant 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

Bangladesh was the major importer of mattocks, picks, hoes and rakes in Southern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Sri Lanka (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%) and India (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mattocks and rakes importing markets in Southern Asia were Sri Lanka ($X), Bangladesh ($X) and India ($X), with a combined X% share of total imports.

Among the main importing countries, India, with a CAGR of X%, saw 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

The import price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform