India: Gouges And Chisels Market 2024

Gouges And Chisels Market Size in India

In 2022, the Indian gouges and chisels market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Gouges And Chisels Production in India

In value terms, gouges and chisels production fell slightly 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 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Gouges And Chisels Exports

Exports from India

After three years of growth, shipments abroad of planes, chisels and gouges for working wood decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, gouges and chisels exports contracted markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for gouges and chisels exports from India, with a X% share of total exports. Moreover, gouges and chisels exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

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

In value terms, the United States ($X), the UK ($X) and the United Arab Emirates ($X) constituted the largest markets for gouges and chisels exported from India worldwide, together accounting for X% of total exports. Germany, Brazil, Nigeria, South Africa, Mexico, Saudi Arabia, Italy, Nepal and Egypt lagged somewhat behind, together accounting for a further X%.

Nepal, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gouges and chisels export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gouges And Chisels Imports

Imports into India

For the fifth consecutive year, India recorded growth in overseas purchases of planes, chisels and gouges for working wood, which increased by X% to X tons in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, gouges and chisels imports surged to $X in 2022. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) was the main gouges and chisels supplier to India, accounting for a X% share of total imports. It was followed by the United Arab Emirates (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to India, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

Import Prices by Country

The average gouges and chisels import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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