Southern Asia: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2024

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Southern Asia

The South Asian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels rose markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed prominent growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Southern Asia

In value terms, grease fittings and oil seals production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports in Southern Asia

In 2022, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, grease fittings and oil seals exports soared to $X in 2022. Over the period under review, exports saw a noticeable expansion. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. Bangladesh (X units) held a little share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest grease fittings and oil seals supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In India, grease fittings and oil seals exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, growing by X% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price 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, grease fittings and oil seals export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh stood at $X per unit.

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

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports in Southern Asia

In 2022, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels imported in Southern Asia soared to X units, surging by X% against 2021. Overall, imports saw a modest increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, grease fittings and oil seals imports surged to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X units) represented the main importer of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels, constituting X% of total imports. It was distantly followed by Bangladesh (X units), committing a X% share of total imports. Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grease fittings and oil seals imports into India stood at X%. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan experienced a relatively flat trend pattern. While the share of India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Pakistan ($X per unit), while Bangladesh ($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 a decline in the import price figures.

Source: IndexBox Platform

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