Southern Asia: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Southern Asia

The South Asian non-hydraulic press market dropped modestly to $X in 2023, waning by X% against the previous year. Overall, consumption, however, recorded buoyant growth. Over the period under review, the market attained the peak level at $X in 2022, and then dropped slightly in the following year.

Non-Hydraulic Press Production in Southern Asia

In value terms, non-hydraulic press production declined modestly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Non-Hydraulic Press Exports

Exports in Southern Asia

In 2023, the amount of non-hydraulic presses for working metal exported in Southern Asia surged to X units, growing by X% compared with the year before. In general, exports, however, faced a significant curtailment. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, non-hydraulic press exports expanded significantly to $X in 2023. Overall, exports, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, finishing at X units, which was near X% of total exports in 2023. Sri Lanka (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (X%). Bangladesh (X units) held a relatively small share of total exports.

Exports from India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Pakistan (X%) illustrated a downward trend over the same period. While the share of Sri Lanka (X p.p.), Pakistan (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest non-hydraulic press supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with an X% share of total exports. It was followed by Bangladesh, with a X% share.

In India, non-hydraulic press exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Non-Hydraulic Press Imports

Imports in Southern Asia

In 2023, supplies from abroad of non-hydraulic presses for working metal increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, non-hydraulic press imports rose markedly to $X in 2023. Over the period under review, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, recording X units, which was approx. X% of total imports in 2023. Sri Lanka (X units), Nepal (X units) and Pakistan (X units) held a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-hydraulic presses for working metal in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by Sri Lanka, 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: Pakistan (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2023, waning by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Nepal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform