Southern Asia: Market for Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Numerically Controlled Sharpening Machines For Working Metal in Southern Asia

The South Asian numerically controlled sharpening machine market rose rapidly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated mild 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 attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Numerically Controlled Sharpening Machines For Working Metal in Southern Asia

In value terms, numerically controlled sharpening machine production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in Southern Asia

Numerically controlled sharpening machine exports skyrocketed to X units in 2022, rising by X% compared with the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, numerically controlled sharpening machine exports dropped to $X in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

India dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Sri Lanka (X units), achieving a X% share of total exports. Pakistan (X units) took a relatively small share of total exports.

India was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) displayed positive paces of growth. By contrast, Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Sri Lanka increased by X and X percentage points, respectively.

In value terms, India ($X) remains the largest numerically controlled sharpening machine supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate 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).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

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

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in Southern Asia

In 2022, overseas purchases of numerically controlled sharpening machines for working metal increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, numerically controlled sharpening machine imports surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X units), constituting a X% share of total imports.

India was also the fastest-growing in terms of the numerically controlled sharpening machines for working metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, numerically controlled sharpening machine imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2015 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 Bangladesh (X%).

Source: IndexBox Platform

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