Southern Asia: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in Southern Asia

In 2023, the South Asian unit construction machine market was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Unit Construction Machine Production in Southern Asia

In value terms, unit construction machine production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

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Unit Construction Machine Exports

Exports in Southern Asia

In 2023, unit construction machine exports in Southern Asia contracted significantly to X units, waning by X% against the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, unit construction machine exports reduced notably to $X in 2023. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

India was the major exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Pakistan (X units), generating a X% share of total exports.

Exports from India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Pakistan (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, Pakistan ($X) and India ($X) were the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2020 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. From 2021 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Unit Construction Machine Imports

Imports in Southern Asia

In 2023, approx. X units of unit construction machines for working metal were imported in Southern Asia; picking up by X% compared with the year before. In general, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, unit construction machine imports totaled $X in 2023. Overall, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, India (X units) was the largest importer of unit construction machines for working metal, making up X% of total imports. It was distantly followed by Afghanistan (X units), mixing up a X% share of total imports. The following importers - Bhutan (X units) and Pakistan (X units) - each finished at a X% share of total imports.

Imports into India decreased at an average annual rate of X% from 2012 to 2023. At the same time, Afghanistan (X%) and Bhutan (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported 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 Afghanistan (X p.p.), India (X p.p.) and Bhutan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Pakistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported unit construction machines for working metal in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports. It was followed by Bhutan, with a X% share.

In India, unit construction machine imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Afghanistan (X% per year) and Bhutan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bhutan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform