Southern Asia: Starter Motor Market 2024

Starter Motor Market Size in Southern Asia

The South Asian starter motor market expanded significantly to $X in 2022, growing by X% against the previous year. In general, consumption recorded buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Starter Motor Production in Southern Asia

In value terms, starter motor production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Starter Motor Exports

Exports in Southern Asia

Starter motor exports declined to X units in 2022, waning by X% compared with 2021. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined in the following year.

In value terms, starter motor exports contracted sharply to $X in 2022. Overall, exports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

In 2022, India (X units) represented the major exporter of starter motors and dual purpose starter generators in Southern Asia, committing X% of total export.

India was also the fastest-growing in terms of the starter motors and dual purpose starter generators exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest starter motor supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, reducing by X% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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.

Starter Motor Imports

Imports in Southern Asia

In 2022, approx. X units of starter motors and dual purpose starter generators were imported in Southern Asia; which is down by X% compared with the previous year. Over the period under review, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, starter motor imports contracted sharply to $X in 2022. Total imports indicated a notable increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, India (X units) represented the key importer of starter motors and dual purpose starter generators, committing X% of total imports. It was distantly followed by Bangladesh (X units), achieving a X% share of total imports. The following importers - Pakistan (X units), Nepal (X units) and Sri Lanka (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to starter motor imports into India stood at X%. At the same time, Nepal (X%) and Bangladesh (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%) and Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.), Nepal (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Pakistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported starter motors and dual purpose starter generators in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, starter motor imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, declining by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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