India: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in India

The Indian machine tool for metal market reached $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a prominent increase. Machine tool for metal consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Machine Tools For Working Metal Without Removing Metal in India

In value terms, machine tool for metal production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Machine tool for metal production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from India

In 2022, overseas shipments of machine tools for working metal without removing metal increased by X% to X units, rising for the fourth year in a row after three years of decline. In general, exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, machine tool for metal exports surged to $X in 2022. Overall, exports posted moderate growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for machine tool for metal exports from India, accounting for a X% share of total exports. It was followed by Nepal (X units), with a X% share of total exports. Bangladesh (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Bangladesh (X% per year).

In value terms, the United States ($X) remains the key foreign market for machine tools for working metal without removing metal exports from India, comprising X% of total exports. The second position in the ranking was taken by Nepal ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the average machine tool for metal export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price saw a slight downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nepal ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (X%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into India

Machine tool for metal imports into India surged to X units in 2022, jumping by X% on 2021 figures. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tool for metal imports skyrocketed to $X in 2022. In general, total imports indicated moderate 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main supplier of machine tool for metal to India, accounting for a X% share of total imports. It was followed by Taiwan (Chinese) (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal without removing metal to India, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price recorded a precipitous contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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