Southern Asia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Southern Asia

The South Asian pedestrian-controlled tractor market amounted to $X.4B in 2022, increasing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X.8B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Pedestrian-Controlled Tractor Production in Southern Asia

In value terms, pedestrian-controlled tractor production expanded modestly to $X.6B in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X.8B in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Pedestrian-Controlled Tractor Exports

Exports in Southern Asia

Pedestrian-controlled tractor exports expanded rapidly to X units in 2022, increasing by X% compared with the previous year. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor exports dropped modestly to $X in 2022. Overall, exports showed prominent growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India was the main exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Pakistan (X units), committing an X% share of total exports.

India was also the fastest-growing in terms of the pedestrian-controlled tractors exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, the largest pedestrian-controlled tractor supplying countries in Southern Asia were India ($X) and Pakistan ($X).

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Export price indicated a perceptible 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. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

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

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

Pedestrian-Controlled Tractor Imports

Imports in Southern Asia

Pedestrian-controlled tractor imports soared to X units in 2022, picking up by X% on 2021 figures. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, pedestrian-controlled tractor imports rose significantly to $X in 2022. Overall, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Nepal (X units), generating a X% share of total imports. Sri Lanka (X units) followed a long way behind the leaders.

Imports into Bangladesh increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported pedestrian-controlled tractors in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with an X% share of total imports.

In Bangladesh, pedestrian-controlled tractor imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (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 2022, dropping by X% against the previous year. Over the period under review, the import price faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the 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 Sri Lanka ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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