Southern Asia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Southern Asia

The South Asian non-numerically controlled drilling machine market expanded significantly to $X in 2022, increasing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Southern Asia

In value terms, non-numerically controlled drilling machine production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports in Southern Asia

In 2022, overseas shipments of non-numerically controlled drilling machines for working metal decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine exports reduced rapidly to $X in 2022. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X units) represented the major exporter of non-numerically controlled drilling machines for working metal in Southern Asia, mixing up X% of total export.

India was also the fastest-growing in terms of the non-numerically controlled drilling machines for working metal exports, with a CAGR of X% from 2012 to 2022. India (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) also remains the largest non-numerically controlled drilling machine supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, 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 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports in Southern Asia

Non-numerically controlled drilling machine imports skyrocketed to X units in 2022, jumping by X% compared with the year before. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, non-numerically controlled drilling machine imports surged to $X in 2022. Overall, imports, however, showed a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units) and Nepal (X units) represented the major importers of non-numerically controlled drilling machines for working metal in 2022, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Sri Lanka (X units), mixing up an X% share of total imports. The following importers - Bangladesh (X units), Pakistan (X units) and Maldives (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported non-numerically controlled drilling machines for working metal in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. 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, picking up by X% against the previous year. Overall, the import price, however, recorded a precipitous slump. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 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 Nepal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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